Braze, Inc. (NASDAQ:BRZE) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a favorable view: Twenty research firms give Braze a consensus “Moderate Buy” rating, with 18 buys, one strong buy and one sell. The average 12-month price target is $34.76.
• Quarterly results showed continued growth: Braze reported adjusted EPS of $0.10, in line with estimates, while revenue of $211 million exceeded expectations and increased 30.2% year over year.
• Shares trade at $27.68: The stock remains below its 12-month high of $37.33, while insiders have sold roughly $1.69 million of shares over the past 90 days; institutional investors own 90.47% of the company.

Shares of Braze, Inc. (NASDAQ:BRZE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $34.7647.

BRZE has been the subject of several research reports. UBS Group reaffirmed an "outperform" rating on shares of Braze in a research report on Thursday, May 28th. Weiss Ratings reissued a "sell (e+)" rating on shares of Braze in a report on Tuesday, July 7th. DA Davidson restated a "buy" rating and issued a $33.00 price objective on shares of Braze in a research note on Thursday, May 28th. Citizens Jmp reaffirmed a "market outperform" rating and set a $35.00 price objective on shares of Braze in a report on Thursday, May 28th. Finally, TD Cowen reiterated a "buy" rating on shares of Braze in a research report on Monday, June 15th.

Braze Stock Down 1.9%

Braze stock opened at $27.68 on Thursday. The business has a 50 day moving average price of $23.64 and a two-hundred day moving average price of $21.98. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of -24.71 and a beta of 0.83. Braze has a 12 month low of $15.26 and a 12 month high of $37.33.

Braze (NASDAQ:BRZE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. The company had revenue of $211.00 million during 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 company's quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, analysts expect that Braze will post -0.78 earnings per share for the current fiscal year.

Insider Transactions at Braze

In other news, insider Astha Malik sold 33,656 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $27.65, for a total value of $930,588.40. Following the completion of the transaction, the insider directly owned 278,138 shares of the company's stock, valued at approximately $7,690,515.70. This represents a 10.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 17,895 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $27.03, for a total value of $483,701.85. Following the transaction, the chief technology officer owned 1,265,564 shares of the company's stock, valued at $34,208,194.92. This trade represents a 1.39% 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. In the last 90 days, insiders have sold 61,699 shares of company stock valued at $1,691,026. Corporate insiders own 12.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Braze by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company's stock valued at $1,415,000 after purchasing an additional 1,700 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Braze by 18.8% during the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company's stock worth $1,453,000 after purchasing an additional 6,379 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Braze during the 2nd quarter worth about $272,000. Russell Investments Group Ltd. lifted its holdings in Braze by 1,353.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company's stock valued at $270,000 after purchasing an additional 8,957 shares during the last quarter. Finally, Amundi lifted its holdings in Braze by 8.9% during the 2nd quarter. Amundi now owns 32,581 shares of the company's stock valued at $918,000 after purchasing an additional 2,657 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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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