Braze, Inc. (NASDAQ:BRZE) Expected to Post Earnings of -$0.23 Per Share

Wall Street brokerages expect Braze, Inc. (NASDAQ:BRZEGet Rating) to report earnings per share of ($0.23) for the current quarter, according to Zacks. Five analysts have issued estimates for Braze’s earnings, with the highest EPS estimate coming in at ($0.21) and the lowest estimate coming in at ($0.32). The company is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Braze will report full year earnings of ($0.84) per share for the current financial year, with EPS estimates ranging from ($0.87) to ($0.82). For the next financial year, analysts expect that the firm will report earnings of ($0.64) per share, with EPS estimates ranging from ($0.82) to ($0.50). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Braze.

Braze (NASDAQ:BRZEGet Rating) last released its quarterly earnings data on Wednesday, March 30th. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01.

BRZE has been the subject of a number of recent analyst reports. Piper Sandler dropped their price objective on Braze from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, March 31st. Oppenheimer lowered their price target on Braze from $85.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, March 31st. Loop Capital lowered their price target on Braze from $90.00 to $75.00 in a report on Thursday, March 31st. Needham & Company LLC lowered their price target on Braze from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, March 31st. Finally, Canaccord Genuity Group lowered their price target on Braze from $85.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, March 31st. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $71.54.

NASDAQ BRZE traded up $1.06 on Friday, reaching $30.68. The company had a trading volume of 5,538 shares, compared to its average volume of 653,753. The company has a 50 day moving average of $38.78. Braze has a 52 week low of $27.09 and a 52 week high of $98.78.

In other news, CAO Pankaj Malik sold 5,943 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $31.53, for a total value of $187,382.79. Following the completion of the sale, the chief accounting officer now directly owns 80,360 shares of the company’s stock, valued at $2,533,750.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Isabelle Winkles sold 65,000 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $41.20, for a total value of $2,678,000.00. Following the completion of the sale, the chief financial officer now directly owns 20,491 shares of the company’s stock, valued at $844,229.20. The disclosure for this sale can be found here. Insiders have purchased 308,867 shares of company stock valued at $11,554,072 over the last three months.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ICONIQ Capital LLC increased its stake in shares of Braze by 134.2% during the first quarter. ICONIQ Capital LLC now owns 7,206,133 shares of the company’s stock worth $298,839,000 after purchasing an additional 4,128,680 shares during the period. Interwest Venture Management Co. bought a new position in shares of Braze during the first quarter worth approximately $140,758,000. Sapphire Ventures L.L.C. bought a new position in shares of Braze during the fourth quarter worth approximately $134,674,000. Spark Growth Management Partners II LLC bought a new position in shares of Braze during the first quarter worth approximately $55,888,000. Finally, Alliancebernstein L.P. bought a new position in shares of Braze during the fourth quarter worth approximately $68,082,000. 23.64% of the stock is owned by institutional investors.

Braze Company Profile (Get Rating)

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and the delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content cards, as well as can be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; and partner cohort syncing, which allow brands to sync user cohorts from partners.

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Earnings History and Estimates for Braze (NASDAQ:BRZE)

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