Braze’s (BRZE) Buy Rating Reaffirmed at BTIG Research

Braze (NASDAQ:BRZE)‘s stock had its “buy” rating reiterated by equities researchers at BTIG Research in a note issued to investors on Thursday, Benzinga reports. They presently have a $35.00 price objective on the stock. BTIG Research’s target price points to a potential upside of 39.44% from the stock’s current price.

A number of other brokerages have also commented on BRZE. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Braze in a report on Wednesday, September 9th. Stifel Nicolaus set a $35.00 price target on Braze in a report on Wednesday, September 9th. DA Davidson reiterated a “buy” rating and set a $40.00 price target on shares of Braze in a report on Wednesday, September 9th. Stephens reiterated a “hold” rating on shares of Braze in a report on Wednesday, September 9th. Finally, Oppenheimer upped their price target on Braze from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Nineteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Braze presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.21.

Braze Trading Up 8.4%

Shares of NASDAQ BRZE opened at $25.10 on Thursday. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of -24.37 and a beta of 0.88. The business has a 50 day simple moving average of $27.51 and a 200 day simple moving average of $24.22. 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.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $227.23 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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, research analysts predict that Braze will post -0.7 earnings per share for the current fiscal year.

Insider Transactions at Braze

In other news, CRO Edward M. Mcdonnell sold 29,732 shares of the company’s stock in a transaction 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 transaction, the executive 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 sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 15,724 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $29.57, for a total value of $464,958.68. Following the transaction, the insider directly owned 326,233 shares in the company, valued at $9,646,709.81. This trade represents a 4.60% 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 quarter, insiders have sold 203,568 shares of company stock worth $6,096,461. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Braze

Large investors have recently made changes to their positions in the company. Whetstone Capital Advisors LLC acquired a new stake in shares of Braze during the second quarter worth about $671,000. Integrated Wealth Concepts LLC bought a new position in shares of Braze during the second quarter worth about $50,000. Squarepoint Ops LLC grew its holdings in shares of Braze by 13.3% during the second quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock worth $8,488,000 after buying an additional 46,049 shares in the last quarter. Corient Private Wealth LP grew its stake in Braze by 5.5% in the second 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 in the last quarter. Finally, Absolute Gestao de Investimentos Ltda. bought a new position in Braze in the second quarter valued at approximately $325,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.