Braze, Inc. (NASDAQ:BRZE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Braze, Inc. (NASDAQ:BRZE) have been assigned an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $34.6471.

Several research firms have recently weighed in on BRZE. Citizens Jmp reissued a “market outperform” rating and set a $35.00 price objective on shares of Braze in a research note on Thursday, May 28th. The Goldman Sachs Group set a $34.00 target price on Braze and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Stifel Nicolaus set a $30.00 target price on Braze in a research report on Thursday, May 28th. Mizuho decreased their target price on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th. Finally, UBS Group reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, May 28th.

Insider Activity at Braze

In other news, General Counsel Susan Wiseman sold 35,000 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the completion of the sale, the general counsel owned 209,424 shares of the company’s stock, valued at $4,249,212.96. This trade represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 12.50% of the stock is currently owned by company insiders.

Institutional Trading of Braze

Several hedge funds and other institutional investors have recently modified their holdings of the business. Clearstead Advisors LLC boosted its position in shares of Braze by 58.2% in the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock worth $48,000 after buying an additional 620 shares during the period. Rhumbline Advisers raised its holdings in shares of Braze by 0.6% during the third quarter. Rhumbline Advisers now owns 112,638 shares of the company’s stock worth $3,203,000 after acquiring an additional 638 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Braze by 3.2% during the fourth quarter. Arizona State Retirement System now owns 22,437 shares of the company’s stock worth $769,000 after acquiring an additional 688 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Braze by 7.2% during the third quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company’s stock worth $315,000 after acquiring an additional 746 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Braze during the fourth quarter worth $27,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Price Performance

BRZE opened at $21.02 on Wednesday. The firm has a market cap of $2.37 billion, a PE ratio of -18.77 and a beta of 0.83. The business has a fifty day simple moving average of $22.33 and a 200-day simple moving average of $23.55. Braze has a fifty-two week low of $15.26 and a fifty-two week high of $37.33.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $211.00 million during the quarter, compared to analyst estimates of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The company’s revenue was up 30.2% compared to the same quarter last year. During the same period last year, the company posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, equities research analysts anticipate that Braze will post -0.76 EPS for the current fiscal year.

Braze Company Profile

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.