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

Key Points

• Consensus "Moderate Buy": Twenty‑four analysts cover Braze with an average 12‑month price target of $36.67, though several firms have recently trimmed targets (e.g., Mizuho, BTIG, Piper) despite mostly buy/overweight ratings.
• Quarterly results mixed: Revenue beat at $205.17M (+27.9% YoY) but EPS missed ($0.10 vs. $0.14), the company remains unprofitable (net margin -17.78%) and analysts forecast -0.98 EPS for the year.
• Shares trade around $20.68 (52‑week range $15.26–$37.67); insiders sold ~60,676 shares recently while institutional investors hold about 90.47% of the stock.

Shares of Braze, Inc. (NASDAQ:BRZE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-four analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-two have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $36.6667.

A number of equities analysts have recently commented on BRZE shares. Canaccord Genuity Group reissued a "buy" rating and issued a $43.00 target price on shares of Braze in a research note on Monday, March 23rd. Piper Sandler cut their target price on shares of Braze from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 25th. BTIG Research cut their target price on shares of Braze from $45.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, March 20th. Mizuho dropped their price target on shares of Braze from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 25th. Finally, Citigroup dropped their price target on shares of Braze from $53.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, March 25th.

Braze Trading Down 3.7%

Shares of BRZE stock opened at $20.68 on Friday. The company's fifty day simple moving average is $19.56 and its 200-day simple moving average is $25.93. Braze has a 52 week low of $15.26 and a 52 week high of $37.67. The company has a market cap of $2.35 billion, a PE ratio of -16.95 and a beta of 0.89.

Braze (NASDAQ:BRZE - Get Free Report) last issued its earnings results on Tuesday, March 24th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Braze had a negative net margin of 17.78% and a negative return on equity of 18.75%. The business had revenue of $205.17 million during the quarter, compared to analysts' expectations of $198.23 million. During the same period in the prior year, the business posted $0.12 EPS. The business's revenue was up 27.9% on a year-over-year basis. Equities research analysts expect that Braze will post -0.98 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Susan Wiseman sold 4,167 shares of Braze stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $17.03, for a total transaction of $70,964.01. Following the sale, the general counsel owned 209,864 shares of the company's stock, valued at $3,573,983.92. The trade was a 1.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William Magnuson sold 26,413 shares of Braze stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total transaction of $447,172.09. Following the sale, the chief executive officer directly owned 4,491,098 shares in the company, valued at $76,034,289.14. This trade represents a 0.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,676 shares of company stock worth $1,027,661 over the last three months. 18.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Braze

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Braze by 10.0% during the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company's stock worth $337,793,000 after buying an additional 892,635 shares during the period. Champlain Investment Partners LLC increased its stake in Braze by 10.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company's stock worth $76,445,000 after buying an additional 261,351 shares during the period. JPMorgan Chase & Co. increased its stake in Braze by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company's stock worth $69,831,000 after buying an additional 139,133 shares during the period. Battery Management CORP. increased its stake in Braze by 70.2% during the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company's stock worth $68,967,000 after buying an additional 1,000,000 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Braze by 28.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company's stock worth $65,197,000 after acquiring an additional 518,103 shares in the last quarter. Hedge funds and other institutional investors 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.

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