Braze, Inc. (BRZE) – What Are Researchers Saying About This Stock?

Shares of Braze, Inc. (NASDAQ:BRZE) have been assigned an average rating of “Hold” from the twenty-three research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $43.95.

A number of equities research analysts recently commented on BRZE shares. BTIG Research downgraded Braze from a “buy” rating to a “neutral” rating in a report on Tuesday, October 20th. Wells Fargo & Company lowered Braze from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $45.00 to $47.50 in a research report on Tuesday, October 20th. Weiss Ratings raised Braze from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 20th. Cantor Fitzgerald cut Braze from an “overweight” rating to a “hold” rating and set a $47.50 price target for the company. in a research note on Tuesday, October 20th. Finally, Raymond James Financial downgraded shares of Braze from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 21st.

Braze Trading Down 0.2%

Shares of BRZE opened at $45.67 on Tuesday. The stock’s fifty day simple moving average is $31.50 and its 200-day simple moving average is $24.73. The firm has a market capitalization of $5.19 billion, a PE ratio of -44.34 and a beta of 0.91. Braze has a 12-month low of $15.26 and a 12-month high of $45.94. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.02.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $227.23 million during the quarter, compared to analyst estimates of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%. The company’s revenue was up 26.2% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. As a group, research analysts predict that Braze will post -0.70 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Astha Malik sold 15,724 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $29.57, for a total transaction of $464,958.68. Following the sale, the insider owned 326,233 shares of the company’s stock, valued at $9,646,709.81. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward Mcdonnell sold 29,732 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $31.38, for a total value of $932,990.16. Following the transaction, the executive directly owned 409,630 shares of the company’s stock, valued at $12,854,189.40. This represents a 6.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 518,568 shares of company stock worth $20,231,111. Company insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Braze

A number of hedge funds have recently bought and sold shares of BRZE. Fifth Third Bancorp bought a new position in Braze during the 1st quarter worth $27,000. Harbor Investment Advisory LLC acquired a new stake in Braze during the 2nd quarter valued at approximately $36,000. Essential Partners LLC increased its position in Braze by 109.8% during the 1st quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock valued at $51,000 after purchasing an additional 1,138 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Braze during the 2nd quarter valued at approximately $50,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Braze by 185.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the company’s stock worth $56,000 after purchasing an additional 1,531 shares during the last quarter. 90.47% of the stock is owned by institutional investors.

Braze Company Profile

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.