Braze’s (BRZE) “Buy” Rating Reiterated at BTIG Research

Braze (NASDAQ:BRZE)‘s stock had its “buy” rating reissued by equities researchers at BTIG Research in a note issued to investors on Thursday, Benzinga reports. They currently have a $35.00 price objective on the stock. BTIG Research’s price target suggests a potential upside of 31.41% from the stock’s previous close.

Several other brokerages also recently weighed in on BRZE. Barclays lifted their target price on Braze from $31.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. cut their target price on Braze from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Braze in a research note on Wednesday, September 9th. TD Cowen lifted their target price on Braze from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Finally, Mizuho set a $52.00 price target on Braze in a research report on Wednesday, September 9th. Nineteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.21.

Braze Stock Performance

Braze stock traded up $1.22 during mid-day trading on Thursday, hitting $26.64. 667,958 shares of the company’s stock traded hands, compared to its average volume of 2,903,457. The firm has a 50 day moving average price of $27.67 and a 200 day moving average price of $24.31. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.03 billion, a PE ratio of -25.87 and a beta of 0.91. Braze has a one year low of $15.26 and a one year high of $37.33.

Braze (NASDAQ:BRZE) last announced its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $227.23 million for the quarter, compared to the consensus estimate of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. 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 analysts forecast that Braze will post -0.7 EPS for the current year.

Insider Activity

In other news, CTO Jonathan Hyman sold 42,000 shares of Braze stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the transaction, the chief technology officer directly owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. This trade represents a 3.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward Mcdonnell sold 29,732 shares of Braze stock in a transaction on Monday, August 24th. The shares were sold at an average price of $31.38, for a total value of $932,990.16. Following the transaction, the executive owned 409,630 shares in the company, valued at approximately $12,854,189.40. This trade represents a 6.77% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 203,568 shares of company stock worth $6,096,461. 12.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Braze

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its holdings in shares of Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after acquiring an additional 803 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Braze in the 1st quarter worth $27,000. Harbor Investment Advisory LLC acquired a new position in shares of Braze in the 2nd quarter worth $36,000. Essential Partners LLC grew its holdings in shares of Braze by 109.8% in the 1st quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock worth $51,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Braze in the 2nd quarter worth $50,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

About Braze

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.