Braze (NASDAQ:BRZE) Stock Price Up 4.7% – Should You Buy?

Braze, Inc. (NASDAQ:BRZE) traded up 4.7% on Wednesday. The company traded as high as $27.14 and last traded at $27.5760. 359,254 shares changed hands during trading, a decline of 88% from the average daily volume of 2,888,742 shares. The stock had previously closed at $26.34.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BRZE. Piper Sandler reissued an “overweight” rating and set a $30.00 price target (up from $27.00) on shares of Braze in a research report on Wednesday, September 9th. TD Cowen upped their price objective on shares of Braze from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. UBS Group increased their target price on shares of Braze from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Canaccord Genuity Group raised their target price on shares of Braze from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Finally, Stifel Nicolaus set a $35.00 price target on shares of Braze in a 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.21.

Braze Price Performance

The company has a market cap of $3.24 billion, a PE ratio of -27.69 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 firm has a 50 day simple moving average of $27.75 and a 200-day simple moving average of $24.42.

Braze (NASDAQ:BRZE) last released its quarterly 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 net margin of 13.55% and a negative return on equity of 16.11%. The business had revenue of $227.23 million for the quarter, compared to analysts’ expectations of $220.27 million. During the same period last year, the business earned $0.15 EPS. The company’s 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. As a group, research analysts predict that Braze, Inc. will post -0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Braze

In other news, CRO Edward M. Mcdonnell sold 29,732 shares of the 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 completion of the sale, the executive owned 409,630 shares in the company, valued at approximately $12,854,189.40. This represents a 6.77% decrease in their position. 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 firm’s stock in a transaction 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 completion of the sale, the chief technology officer directly owned 1,143,219 shares of the company’s stock, valued at $37,120,320.93. The trade was a 3.54% decrease in their position. 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 over the last three months. Corporate insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Braze

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRZE. Juncture Wealth Strategies LLC acquired a new stake in Braze in the third quarter worth about $210,000. Whetstone Capital Advisors LLC acquired a new position in shares of Braze during the second quarter valued at about $671,000. Integrated Wealth Concepts LLC purchased a new position in shares of Braze in the 2nd quarter valued at approximately $50,000. Squarepoint Ops LLC raised its position in shares of Braze by 13.3% in the 2nd quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock valued at $8,488,000 after purchasing an additional 46,049 shares during the last quarter. Finally, 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 worth $2,232,000 after purchasing an additional 5,360 shares in the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

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.