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

Braze (NASDAQ:BRZE)‘s stock had its “buy” rating reaffirmed by stock analysts at BTIG Research in a report issued on Thursday, Benzinga reports. They currently have a $35.00 price objective on the stock. BTIG Research’s price target would suggest a potential upside of 34.77% from the company’s previous close.

BRZE has been the topic of several other research reports. Citizens Jmp reissued a “market outperform” rating and issued a $35.00 price target on shares of Braze in a research note on Wednesday, September 9th. Canaccord Genuity Group raised their price objective on Braze from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Oppenheimer raised their price objective on Braze from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Raymond James Financial raised their price objective on Braze from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. Finally, Stifel Nicolaus set a $35.00 price objective on Braze in a report on Wednesday, September 9th. Nineteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.21.

Braze Stock Up 3.5%

Shares of BRZE traded up $0.87 during midday trading on Thursday, hitting $25.97. The stock had a trading volume of 943,132 shares, compared to its average volume of 2,914,427. The company has a 50 day simple moving average of $27.51 and a two-hundred day simple moving average of $24.22. Braze has a twelve month low of $15.26 and a twelve month high of $37.33. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of -25.03 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $220.27 million. During the same quarter last year, the business posted $0.15 EPS. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. 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, analysts anticipate that Braze will post -0.7 EPS for the current year.

Insider Buying and Selling at Braze

In other Braze news, CTO Jonathan Hyman sold 42,000 shares of the business’s 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 completion of the transaction, the chief technology officer directly owned 1,143,219 shares in the company, valued at $37,120,320.93. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $27.65, for a total transaction of $930,588.40. Following the sale, the insider directly owned 278,138 shares in the company, valued at approximately $7,690,515.70. The trade was a 10.79% 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 Trading of Braze

Institutional investors have recently modified their holdings of the business. Whetstone Capital Advisors LLC bought a new stake in Braze during the second quarter valued at $671,000. Integrated Wealth Concepts LLC purchased a new stake in Braze in the 2nd quarter valued at about $50,000. Squarepoint Ops LLC grew its position in shares of Braze by 13.3% during the 2nd quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock valued at $8,488,000 after acquiring an additional 46,049 shares during the period. Corient Private Wealth LP boosted its holdings 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 buying an additional 5,360 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. purchased a new stake in Braze in the 2nd quarter worth approximately $325,000. Institutional investors 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.