Braze, Inc. (NASDAQ:BRZE) Stock Has Average Price Target of $38.21

by · The Cerbat Gem

Shares of Braze, Inc. (NASDAQ:BRZE – Get Free Report) have earned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $38.21.

A number of research analysts recently issued reports on the company. DA Davidson restated a “buy” rating and set a $40.00 price target on shares of Braze in a research note on Wednesday, September 9th. Oppenheimer boosted their target price on Braze from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Barclays raised their price objective on shares of Braze from $31.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. TD Cowen lifted their price objective on Braze from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 target price on shares of Braze in a research report on Wednesday, September 30th.

Read Our Latest Stock Report on BRZE

Braze Price Performance

Shares of BRZE opened at $25.42 on Friday. The stock has a market capitalization of $2.89 billion, a PE ratio of -24.68 and a beta of 0.91. Braze has a 1 year low of $15.26 and a 1 year high of $37.33. 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 company’s 50-day simple moving average is $27.67 and its 200-day simple moving average is $24.31.

Braze (NASDAQ:BRZE – Get Free Report) last released its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $227.23 million during the quarter, compared to analyst estimates of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.Braze’s revenue was up 26.2% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Analysts forecast that Braze will post -0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Jonathan Hyman sold 42,000 shares of Braze stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the completion of the sale, the chief technology officer directly owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward M. Mcdonnell sold 29,732 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $31.38, for a total value of $932,990.16. Following the sale, the executive directly owned 409,630 shares in the company, valued at $12,854,189.40. This trade represents a 6.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 203,568 shares of company stock valued at $6,096,461 over the last quarter. Company insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Braze

Several hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its holdings in Braze by 3,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after buying an additional 803 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Braze during the first quarter valued at approximately $27,000. Harbor Investment Advisory LLC purchased a new position in shares of Braze during the second quarter valued at approximately $36,000. Essential Partners LLC boosted its position in Braze by 109.8% during the first quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock worth $51,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Braze during the second quarter worth approximately $50,000. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

About Braze

(Get Free Report)

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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