Braze (NASDAQ:BRZE) Trading Up 6.3% – Here’s Why

Braze, Inc. (NASDAQ:BRZE)’s stock price was up 6.3% during trading on Monday . The company traded as high as $27.00 and last traded at $26.7160. Approximately 934,050 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 3,076,453 shares. The stock had previously closed at $25.13.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BRZE shares. Weiss Ratings restated a “sell (e+)” rating on shares of Braze in a research note on Tuesday, July 7th. DA Davidson reiterated a “buy” rating and issued a $33.00 price objective on shares of Braze in a research note on Thursday, May 28th. Citigroup reduced their target price on shares of Braze from $49.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 29th. Piper Sandler reissued an “overweight” rating and set a $27.00 price objective on shares of Braze in a research report on Thursday, May 28th. Finally, Barclays lifted their target price on Braze from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Braze has a consensus rating of “Moderate Buy” and a consensus target price of $34.76.

Braze Stock Down 1.5%

The stock has a market capitalization of $2.95 billion, a PE ratio of -23.38 and a beta of 0.85. The stock’s 50 day moving average price is $22.55 and its 200-day moving average price is $22.65.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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%.Braze’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, analysts forecast that Braze, Inc. will post -0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Braze by 10.0% in the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock worth $337,793,000 after purchasing an additional 892,635 shares during the period. Dana Investment Advisors Inc. purchased a new position in Braze during the fourth quarter worth $1,980,000. SG Americas Securities LLC increased its position in Braze by 5,412.5% during the fourth quarter. SG Americas Securities LLC now owns 289,790 shares of the company’s stock valued at $9,937,000 after acquiring an additional 284,533 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Braze by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock worth $69,831,000 after acquiring an additional 139,133 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in shares of Braze by 8.7% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,233,143 shares of the company’s stock worth $42,284,000 after purchasing an additional 98,854 shares during the period. 90.47% of the stock is owned by hedge funds and other institutional investors.

About Braze

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.