Braze’s (BRZE) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Braze (NASDAQ:BRZE) in a report published on Wednesday, Marketbeat Ratings reports. Cantor Fitzgerald currently has a $38.00 price target on the stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Braze from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 9th. Piper Sandler reissued an “overweight” rating and set a $30.00 target price (up from $27.00) on shares of Braze in a research report on Wednesday, September 9th. The Goldman Sachs Group restated a “buy” rating and issued a $38.00 price target on shares of Braze in a report on Wednesday, September 9th. BTIG Research reaffirmed a “buy” rating and set a $35.00 price target on shares of Braze in a research report on Wednesday, September 9th. Finally, Oppenheimer boosted their price objective on shares of Braze from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Nineteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Braze currently has an average rating of “Moderate Buy” and an average price target of $38.21.

Braze Trading Down 0.9%

BRZE stock opened at $25.42 on Wednesday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -24.68 and a beta of 0.91. 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 business has a fifty day simple moving average of $27.67 and a 200-day simple moving average of $24.27. Braze has a 52 week low of $15.26 and a 52 week high of $37.33.

Braze (NASDAQ:BRZE) last issued its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $227.23 million for the quarter, compared to analysts’ expectations of $220.27 million. During the same quarter last year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter 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 expect that Braze will post -0.7 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Jonathan Hyman sold 42,000 shares of Braze stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the sale, the chief technology officer owned 1,143,219 shares in the company, valued at $37,120,320.93. This trade represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward Mcdonnell sold 29,732 shares of the business’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 directly owned 409,630 shares in the company, valued at approximately $12,854,189.40. The trade was a 6.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 203,568 shares of company stock worth $6,096,461 in the last 90 days. 12.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Braze

A number of institutional investors have recently added to or reduced their stakes in BRZE. Kettle Hill Capital Management LLC acquired a new stake in shares of Braze during the fourth quarter valued at about $25,639,000. Dimensional Fund Advisors LP acquired a new position in shares of Braze in the first quarter worth about $14,294,000. Bank of New York Mellon Corp acquired a new position in shares of Braze in the second quarter worth about $11,814,000. The Manufacturers Life Insurance Company boosted its holdings in Braze by 30.4% in the first quarter. The Manufacturers Life Insurance Company now owns 1,885,577 shares of the company’s stock valued at $44,518,000 after purchasing an additional 439,513 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in Braze in the second quarter valued at about $7,847,000. 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.