Braze, Inc. (NASDAQ:BRZE) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Analyst consensus is “Hold”: Of 23 analysts covering Braze, 17 recommend holding, five recommend buying and one recommends selling. The average 12-month price target is $43.95.
• Quarterly results exceeded expectations: Braze reported $0.19 in EPS versus a $0.16 consensus estimate and revenue of $227.23 million, up 26.2% year over year. Analysts nevertheless expect a full-year loss of approximately $0.70 per share.
• Shares have rallied sharply, while insiders sold stock: BRZE opened at $45.84, near its 52-week high of $45.94, compared with a 52-week low of $15.26. Insiders sold 498,568 shares worth about $19.3 million over the prior 90 days, primarily through pre-arranged trading plans.

Braze, Inc. (NASDAQ:BRZE - Get Free Report) has received an average recommendation of "Hold" from the twenty-three research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $43.95.

Several research firms have recently weighed in on BRZE. Canaccord Genuity Group set a $47.50 price target on shares of Braze in a research note on Tuesday, October 20th. Citizens Jmp reaffirmed a "market outperform" rating and set a $35.00 price objective on shares of Braze in a research note on Monday, October 5th. The Goldman Sachs Group reissued a "buy" rating and issued a $38.00 target price on shares of Braze in a research note on Wednesday, September 9th. JPMorgan Chase & Co. lowered their target price on Braze from $35.00 to $34.00 and set an "overweight" rating on the stock in a report on Wednesday, September 9th. Finally, Needham & Company LLC lowered Braze from a "buy" rating to a "hold" rating in a research report on Tuesday, October 20th.

Braze Stock Performance

Shares of NASDAQ:BRZE opened at $45.84 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27. Braze has a 1 year low of $15.26 and a 1 year high of $45.94. The firm has a market capitalization of $5.21 billion, a PE ratio of -44.50 and a beta of 0.91. The business's 50 day moving average price is $29.91 and its 200-day moving average price is $24.34.

Braze (NASDAQ:BRZE - Get Free Report) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $227.23 million during the quarter, compared to the consensus estimate of $220.27 million. During the same period in the prior year, the company earned $0.15 EPS. The firm's revenue was up 26.2% compared to the same quarter last year. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. As a group, equities research analysts expect that Braze will post -0.70 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Braze news, insider Astha Malik sold 33,656 shares of the firm's stock in a transaction 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 sale, the insider directly owned 278,138 shares of the company's stock, valued at $7,690,515.70. This trade represents a 10.79% decrease in their position. The sale 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, CTO Jonathan Hyman sold 285,000 shares of the firm's stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $45.33, for a total value of $12,919,050.00. Following the completion of the sale, the chief technology officer directly owned 848,219 shares of the company's stock, valued at $38,449,767.27. This trade represents a 25.15% decrease in their ownership of the stock. 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 90 days, insiders have sold 498,568 shares of company stock worth $19,315,911. 12.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Braze

Several institutional investors and hedge funds have recently bought and sold shares of BRZE. Dimensional Fund Advisors LP purchased a new stake in Braze in the first quarter valued at approximately $14,294,000. Bank of New York Mellon Corp acquired a new position in shares of Braze during the 2nd quarter worth about $11,814,000. The Manufacturers Life Insurance Company increased its stake in Braze by 30.4% in 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 purchasing an additional 439,513 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Braze during the 2nd quarter worth approximately $7,847,000. Finally, Quantinno Capital Management LP lifted its position in Braze by 1,057.5% in the first quarter. Quantinno Capital Management LP now owns 199,292 shares of the company's stock valued at $4,705,000 after acquiring an additional 182,074 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

About Braze

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.

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