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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Braze, with 19 buy ratings, one hold, and one sell among 21 firms. The average 12-month price target is $38.21, representing potential upside from the $25.65 share price.
• Braze reported quarterly results above expectations, with EPS of $0.19 versus the $0.16 consensus and revenue of $227.23 million, up 26.2% year over year and above estimates.
• Insiders have sold 203,568 shares worth approximately $6.1 million over the past three months, while institutional investors own 90.47% of the company.

Shares of Braze, Inc. (NASDAQ:BRZE - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-one research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nineteen have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $38.21.

Several research firms have recently issued reports on BRZE. Cantor Fitzgerald restated an "overweight" rating and issued a $38.00 target price on shares of Braze in a report on Wednesday. Barclays upped their price target on shares of Braze from $31.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, September 2nd. TD Cowen increased their price objective on shares of Braze from $30.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Citizens Jmp reissued a "market outperform" rating and issued a $35.00 price objective on shares of Braze in a research note on Wednesday, September 9th. Finally, Needham & Company LLC restated a "buy" rating and set a $50.00 target price on shares of Braze in a research report on Wednesday, September 9th.

Insider Transactions at Braze

In related news, CRO Edward Mcdonnell sold 29,732 shares of the business's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.38, for a total transaction of $932,990.16. Following the completion of the transaction, the executive owned 409,630 shares in the company, valued at $12,854,189.40. The trade was a 6.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 15,724 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $29.57, for a total value of $464,958.68. Following the completion of the transaction, the insider directly owned 326,233 shares in the company, valued at $9,646,709.81. This trade represents a 4.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 203,568 shares of company stock worth $6,096,461. 12.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Westfield Capital Management Co. LP boosted its position in Braze by 0.4% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,187,275 shares of the company's stock valued at $75,002,000 after buying an additional 9,322 shares during the period. Geode Capital Management LLC increased its position in shares of Braze by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 2,082,739 shares of the company's stock worth $71,430,000 after acquiring an additional 84,365 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Braze by 30.4% during the first quarter. The Manufacturers Life Insurance Company now owns 1,885,577 shares of the company's stock valued at $44,518,000 after acquiring an additional 439,513 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Braze by 11.2% during the first quarter. Stephens Investment Management Group LLC now owns 1,370,986 shares of the company's stock valued at $32,369,000 after acquiring an additional 137,843 shares in the last quarter. Finally, Kettle Hill Capital Management LLC purchased a new stake in shares of Braze in the fourth quarter valued at approximately $25,639,000. 90.47% of the stock is currently owned by institutional investors.

Braze Price Performance

Shares of Braze stock opened at $25.65 on Friday. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of -24.90 and a beta of 0.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a 50 day moving average price of $27.59 and a 200-day moving average price of $24.27. Braze has a one year low of $15.26 and a one year high of $37.33.

Braze (NASDAQ:BRZE - Get Free Report) last issued its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $227.23 million during the quarter, compared to the consensus estimate of $220.27 million. During the same period last year, the company earned $0.15 earnings per share. Braze's revenue 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. Equities analysts expect that Braze will post -0.7 EPS for the current year.

Braze Company Profile

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.

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