Scotiabank Issues Pessimistic Estimate for Braze Earnings

Braze, Inc. (NASDAQ:BRZE - Free Report) - Stock analysts at Scotiabank dropped their FY2026 EPS estimates for Braze in a research report issued on Monday, June 9th. Scotiabank analyst N. Altmann now forecasts that the company will post earnings per share of ($0.99) for the year, down from their previous estimate of ($0.86). The consensus estimate for Braze's current full-year earnings is ($0.98) per share.

Braze (NASDAQ:BRZE - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Braze had a negative net margin of 20.41% and a negative return on equity of 24.88%. The firm had revenue of $162.06 million during the quarter, compared to analysts' expectations of $158.60 million. During the same period in the previous year, the business posted ($0.05) earnings per share. The company's revenue for the quarter was up 19.6% compared to the same quarter last year.

A number of other research firms also recently commented on BRZE. JPMorgan Chase & Co. dropped their price target on Braze from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, June 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Braze in a research note on Friday, June 6th. Wells Fargo & Company reduced their target price on Braze from $55.00 to $40.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. JMP Securities restated a "market outperform" rating and set a $68.00 price target on shares of Braze in a report on Friday, June 6th. Finally, Citigroup increased their target price on Braze from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.60.

Braze Price Performance

BRZE stock traded up $0.05 during midday trading on Thursday, reaching $28.48. The company had a trading volume of 1,797,593 shares, compared to its average volume of 1,281,307. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of -24.98 and a beta of 1.22. The stock has a 50 day moving average price of $32.54 and a 200-day moving average price of $37.80. Braze has a 1-year low of $27.45 and a 1-year high of $48.33.

Institutional Investors Weigh In On Braze

Several institutional investors have recently bought and sold shares of BRZE. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Braze in the 4th quarter worth approximately $165,000. Principal Financial Group Inc. bought a new stake in shares of Braze in the 4th quarter worth approximately $236,000. Peregrine Capital Management LLC grew its position in shares of Braze by 1.8% in the 4th quarter. Peregrine Capital Management LLC now owns 229,006 shares of the company's stock worth $9,591,000 after buying an additional 4,109 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Braze by 73.1% in the 4th quarter. Handelsbanken Fonder AB now owns 16,100 shares of the company's stock worth $674,000 after buying an additional 6,800 shares during the last quarter. Finally, Sincerus Advisory LLC bought a new stake in shares of Braze in the 4th quarter worth approximately $854,000. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel Susan Wiseman sold 4,167 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $30.98, for a total transaction of $129,093.66. Following the transaction, the general counsel now directly owns 248,999 shares in the company, valued at approximately $7,713,989.02. This represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Myles Kleeger sold 9,189 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $35.88, for a total value of $329,701.32. Following the transaction, the insider now owns 159,693 shares in the company, valued at $5,729,784.84. This trade represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,150 shares of company stock worth $2,540,814 in the last ninety days. 18.20% of the stock is currently owned by insiders.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.