Braze (NASDAQ:BRZE) Shares Up 6.8% – Time to Buy?

Braze, Inc. (NASDAQ:BRZE) shares traded up 6.8% on Monday . The company traded as high as $23.40 and last traded at $23.2430. Approximately 241,951 shares changed hands during trading, a decline of 92% from the average session volume of 3,017,485 shares. The stock had previously closed at $21.76.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Mizuho lowered their price target on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Citigroup reduced their target price on shares of Braze from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, May 29th. DA Davidson reissued a “buy” rating and issued a $33.00 target price on shares of Braze in a research report on Thursday, May 28th. Finally, UBS Group restated an “outperform” rating on shares of Braze in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.76.

Braze Stock Performance

The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -22.42 and a beta of 0.85. The stock’s 50-day simple moving average is $23.23 and its two-hundred day simple moving average is $21.99.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The firm’s revenue was up 30.2% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, research analysts predict that Braze, Inc. will post -0.78 earnings per share for the current year.

Institutional Trading of Braze

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Braze by 10.0% in the fourth quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after acquiring an additional 892,635 shares during the period. Battery Management CORP. increased its position in Braze by 70.2% during the third quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after acquiring an additional 1,000,000 shares during the period. Alliancebernstein L.P. raised its stake in Braze by 28.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock valued at $65,197,000 after purchasing an additional 518,103 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in Braze by 0.4% during the 4th quarter. Westfield Capital Management Co. LP now owns 2,187,275 shares of the company’s stock valued at $75,002,000 after purchasing an additional 9,322 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in Braze by 592.4% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company’s stock valued at $72,181,000 after purchasing an additional 1,801,019 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Company Profile

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.