Braze, Inc. (NASDAQ:BRZE) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Braze, Inc. has received an average recommendation of "Moderate Buy" from 21 brokerages, with 19 analysts issuing buy ratings and one analyst each providing a sell and hold rating.
• The average 12-month target price for Braze is $45.11, with notable targets including $52.00 from Goldman Sachs and $43.00 from both Canaccord Genuity and UBS.
• Insider transactions included the General Counsel selling nearly 5,000 shares, signaling a decrease in ownership, while institutional investors have significantly increased their positions in the company.

Shares of Braze, Inc. (NASDAQ:BRZE - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-one brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $45.1053.

Several research analysts have recently commented on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $43.00 price target on shares of Braze in a report on Friday, September 5th. The Goldman Sachs Group set a $52.00 price objective on shares of Braze and gave the company a "buy" rating in a research report on Saturday, September 6th. UBS Group reduced their target price on shares of Braze from $48.00 to $43.00 and set a "buy" rating for the company in a research note on Friday, September 5th. Wells Fargo & Company started coverage on shares of Braze in a research note on Tuesday, September 30th. They set an "overweight" rating and a $40.00 target price for the company. Finally, Oppenheimer reduced their target price on shares of Braze from $44.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, June 24th.

Insider Activity

In other Braze news, General Counsel Susan Wiseman sold 4,988 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $129,388.72. Following the completion of the transaction, the general counsel directly owned 234,667 shares of the company's stock, valued at $6,087,261.98. The trade was a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Pankaj Malik sold 4,174 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $32.77, for a total transaction of $136,781.98. Following the transaction, the chief accounting officer directly owned 62,756 shares of the company's stock, valued at $2,056,514.12. The trade was a 6.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,012 shares of company stock worth $2,028,483 over the last three months. Insiders own 18.20% of the company's stock.

Institutional Trading of Braze

A number of hedge funds and other institutional investors have recently made changes to their positions in BRZE. GAMMA Investing LLC raised its position in shares of Braze by 236.1% during the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company's stock worth $27,000 after buying an additional 517 shares in the last quarter. Quarry LP raised its position in shares of Braze by 296.0% during the 1st quarter. Quarry LP now owns 796 shares of the company's stock worth $29,000 after buying an additional 595 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Braze during the 1st quarter worth about $36,000. SBI Securities Co. Ltd. raised its position in shares of Braze by 173.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company's stock worth $39,000 after buying an additional 870 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company's stock worth $44,000 after buying an additional 1,404 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.

Braze Stock Performance

NASDAQ BRZE opened at $26.11 on Friday. Braze has a one year low of $23.91 and a one year high of $48.33. The company has a 50-day simple moving average of $28.27 and a 200-day simple moving average of $29.74. The firm has a market capitalization of $2.91 billion, a PE ratio of -25.11 and a beta of 1.10.

Braze (NASDAQ:BRZE - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.25). Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. The business had revenue of $180.11 million during the quarter, compared to analyst estimates of $171.63 million. During the same period last year, the firm posted $0.09 earnings per share. The company's quarterly revenue was up 23.8% on a year-over-year basis. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. Equities analysts forecast that Braze will post -0.98 earnings per share for the current year.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.

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