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

Key Points

• "Moderate Buy" consensus from 24 analysts (22 buy, 1 hold, 1 sell) with an average 12‑month price target of $36.90, though several firms have recently trimmed targets into the low $30s.
• Braze's latest quarter beat revenue expectations ($205.17M vs. $198.23M) with 27.9% YoY growth, but missed on EPS ($0.10 vs. $0.14) and remains unprofitable (net margin -17.78%, negative ROE).
• Insiders sold roughly 95,676 shares (~$1.74M) over the past three months; insiders still own 18.2% of the company while institutional investors hold about 90.47% of shares.

Braze, Inc. (NASDAQ:BRZE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-four analysts that are presently covering the stock, MarketBeat.com reports. One equities research 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 covered the stock in the last year is $36.9048.

A number of research analysts recently issued reports on BRZE shares. Piper Sandler decreased their target price on Braze from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Wednesday, March 25th. Citigroup decreased their price target on Braze from $53.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, March 25th. DA Davidson decreased their price target on Braze from $42.00 to $30.00 and set a "buy" rating for the company in a report on Friday, March 20th. BTIG Research reaffirmed a "buy" rating and set a $30.00 price target on shares of Braze in a report on Friday, April 17th. Finally, Oppenheimer decreased their price target on Braze from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, March 25th.

Braze Trading Up 2.6%

NASDAQ:BRZE opened at $24.17 on Tuesday. The firm has a market cap of $2.74 billion, a PE ratio of -19.81 and a beta of 0.78. The stock has a fifty day moving average price of $20.81 and a 200 day moving average price of $25.17. Braze has a 12-month low of $15.26 and a 12-month high of $37.67.

Braze (NASDAQ:BRZE - Get Free Report) last released its earnings results on Tuesday, March 24th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). The company had revenue of $205.17 million during the quarter, compared to analysts' expectations of $198.23 million. Braze had a negative net margin of 17.78% and a negative return on equity of 18.75%. The company's revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. Equities analysts forecast that Braze will post -0.87 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel Susan Wiseman sold 35,000 shares of the business's stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the completion of the sale, the general counsel directly owned 209,424 shares of the company's stock, valued at approximately $4,249,212.96. The trade was a 14.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Astha Malik sold 14,049 shares of the business's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total value of $237,849.57. Following the completion of the sale, the insider directly owned 205,289 shares of the company's stock, valued at $3,475,542.77. The trade was a 6.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 95,676 shares of company stock worth $1,737,811. Corporate insiders own 18.20% of the company's stock.

Institutional Trading of Braze

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bleakley Financial Group LLC purchased a new stake in shares of Braze in the 1st quarter valued at about $529,000. Citizens Financial Group Inc. RI lifted its holdings in shares of Braze by 4.0% in the 1st quarter. Citizens Financial Group Inc. RI now owns 27,287 shares of the company's stock valued at $644,000 after purchasing an additional 1,062 shares during the last quarter. Fifth Third Bancorp acquired a new position in Braze in the 1st quarter valued at about $27,000. Hsbc Holdings PLC acquired a new position in Braze in the 1st quarter valued at about $1,409,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Braze by 18.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,530 shares of the company's stock valued at $249,000 after acquiring an additional 1,665 shares during the period. 90.47% of the stock is owned by hedge funds and other institutional investors.

About Braze

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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