Weiss Ratings Reiterates "Sell (E+)" Rating for Braze (NASDAQ:BRZE)

Key Points

• Weiss Ratings has reiterated a "Sell (E+)" rating for Braze (NASDAQ:BRZE), amidst a mix of other ratings from analysts, including several "Buy" ratings with varying target prices.
• Braze reported a loss of ($0.22) earnings per share for the last quarter, missing expectations while also achieving a revenue of $180.11 million, up 23.8% year-over-year.
• The stock is currently priced at $28.08, with an average target price of $45.11 from analysts, indicating potential upside based on the consensus recommendations.

Braze (NASDAQ:BRZE - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by stock analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

BRZE has been the subject of a number of other reports. The Goldman Sachs Group set a $52.00 price objective on shares of Braze and gave the stock a "buy" rating in a research report on Saturday, September 6th. JMP Securities restated a "market outperform" rating and set a $68.00 price objective on shares of Braze in a research report on Friday, September 5th. DA Davidson restated a "buy" rating and set a $40.00 price objective on shares of Braze in a research report on Friday, September 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Braze in a report on Wednesday. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $43.00 target price on shares of Braze in a report on Friday, September 5th. Nineteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $45.11.

Braze Stock Performance

Shares of BRZE traded down $0.05 during trading hours on Friday, hitting $28.08. The stock had a trading volume of 1,509,157 shares, compared to its average volume of 1,561,037. The firm has a 50-day moving average price of $28.57 and a 200 day moving average price of $29.55. Braze has a fifty-two week low of $23.91 and a fifty-two week high of $48.33. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of -27.00 and a beta of 1.10.

Braze (NASDAQ:BRZE - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.25). The company had revenue of $180.11 million for the quarter, compared to analyst estimates of $171.63 million. Braze had a negative return on equity of 17.97% and a negative net margin of 16.62%.The business's revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. As a group, analysts predict that Braze will post -0.98 EPS for the current fiscal year.

Insider Transactions at Braze

In related news, CAO Pankaj Malik sold 4,174 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $32.77, for a total value of $136,781.98. Following the completion of the sale, the chief accounting officer owned 62,756 shares of the company's stock, valued at approximately $2,056,514.12. This represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Astha Malik sold 3,270 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $32.51, for a total transaction of $106,307.70. Following the completion of the sale, the insider directly owned 233,660 shares of the company's stock, valued at $7,596,286.60. This represents a 1.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,012 shares of company stock valued at $2,028,483 in the last three months. 18.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Braze by 5.3% during the first quarter. Vanguard Group Inc. now owns 8,911,907 shares of the company's stock worth $321,542,000 after buying an additional 447,746 shares during the period. Alliancebernstein L.P. boosted its stake in Braze by 28.8% during the second quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company's stock worth $65,197,000 after buying an additional 518,103 shares during the period. JPMorgan Chase & Co. boosted its stake in Braze by 2.8% during the second quarter. JPMorgan Chase & Co. now owns 2,316,234 shares of the company's stock worth $65,086,000 after buying an additional 64,025 shares during the period. Geode Capital Management LLC boosted its stake in Braze by 10.9% during the second quarter. Geode Capital Management LLC now owns 1,797,546 shares of the company's stock worth $50,517,000 after buying an additional 177,391 shares during the period. Finally, Westfield Capital Management Co. LP boosted its stake in Braze by 5.7% during the second quarter. Westfield Capital Management Co. LP now owns 1,600,304 shares of the company's stock worth $44,969,000 after buying an additional 85,791 shares during the period. Hedge funds and other institutional investors own 90.47% of the company's stock.

Braze Company Profile

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.

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