Braze (NASDAQ:BRZE) Earns “Buy” Rating from BTIG Research

Braze (NASDAQ:BRZE)‘s stock had its “buy” rating restated by BTIG Research in a research note issued to investors on Thursday, Benzinga reports. They presently have a $35.00 target price on the stock. BTIG Research’s target price suggests a potential upside of 36.87% from the stock’s current price.

A number of other equities research analysts have also commented on BRZE. Mizuho set a $52.00 price target on Braze in a research report on Wednesday, September 9th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of Braze in a research note on Wednesday, September 9th. Citigroup reiterated a “market outperform” rating on shares of Braze in a report on Wednesday, September 9th. Oppenheimer increased their price objective on shares of Braze from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Finally, Raymond James Financial boosted their price objective on shares of Braze from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. Nineteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.21.

Braze Stock Up 1.9%

NASDAQ BRZE opened at $25.57 on Thursday. The stock has a market capitalization of $2.90 billion, a P/E ratio of -24.83 and a beta of 0.88. Braze has a 52 week low of $15.26 and a 52 week high of $37.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a fifty day moving average of $27.51 and a 200-day moving average of $24.22.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.The business had revenue of $227.23 million for the quarter, compared to analysts’ expectations of $220.27 million. During the same quarter last year, the business earned $0.15 earnings per share. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. On average, equities research analysts forecast that Braze will post -0.7 EPS for the current year.

Insider Activity at Braze

In related news, CRO Edward M. Mcdonnell sold 29,732 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $31.38, for a total transaction of $932,990.16. Following the completion of the transaction, the executive directly owned 409,630 shares of the company’s stock, valued at approximately $12,854,189.40. This represents a 6.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total value of $1,363,740.00. Following the transaction, the chief technology officer directly owned 1,143,219 shares in the company, valued at $37,120,320.93. This trade represents a 3.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 203,568 shares of company stock valued at $6,096,461. Corporate insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Braze

A number of institutional investors and hedge funds have recently modified their holdings of BRZE. Whetstone Capital Advisors LLC bought a new stake in shares of Braze during the second quarter worth approximately $671,000. Integrated Wealth Concepts LLC acquired a new stake in Braze during the 2nd quarter worth approximately $50,000. Squarepoint Ops LLC lifted its holdings in Braze by 13.3% during the 2nd quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock worth $8,488,000 after purchasing an additional 46,049 shares during the last quarter. Corient Private Wealth LP boosted its stake in Braze by 5.5% in the 2nd quarter. Corient Private Wealth LP now owns 102,896 shares of the company’s stock valued at $2,232,000 after purchasing an additional 5,360 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. bought a new stake in Braze in the 2nd quarter valued at $325,000. 90.47% of the stock is owned by institutional investors.

Braze Company Profile

Braze, Inc is a customer engagement software company that helps businesses build and manage personalized interactions with consumers. Its cloud-based platform enables organizations to collect and analyze customer data, create audience segments, and deliver marketing messages across multiple channels.

The Braze platform supports communication through mobile and web applications, email, SMS, messaging services, and other digital channels. Its offerings include campaign orchestration, customer journey management, in-app and browser messaging, personalization, analytics, experimentation, and artificial intelligence tools designed to help companies improve customer retention and engagement.

The company was founded in 2011 as Appboy by Bill Magnuson, Mark Ghermezian, and Jon Hyman, and later adopted the Braze name.