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

Braze (NASDAQ:BRZE)‘s stock had its “sell (e+)” rating reissued by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts have also issued reports about the stock. Wells Fargo & Company started coverage on shares of Braze in a research note on Tuesday, September 30th. They set an “overweight” rating and a $40.00 target price for the company. DA Davidson reaffirmed a “buy” rating and issued a $40.00 price target on shares of Braze in a research note on Friday, September 5th. Mizuho upped their price target on shares of Braze from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of Braze in a research note on Friday, September 5th. Finally, Citigroup upped their price target on shares of Braze from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Nineteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Braze has an average rating of “Moderate Buy” and an average target price of $45.11.

Braze Stock Down 2.1%

Braze stock opened at $27.57 on Wednesday. The firm has a 50-day moving average price of $28.32 and a two-hundred day moving average price of $30.13. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of -26.51 and a beta of 1.10. Braze has a 52-week low of $23.91 and a 52-week high of $48.33.

Braze (NASDAQ:BRZE) last posted its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). The firm had revenue of $180.11 million for the quarter, compared to analyst estimates of $171.63 million. Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Research analysts expect that Braze will post -0.98 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Astha Malik sold 3,270 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $32.51, for a total transaction of $106,307.70. Following the sale, the insider owned 233,660 shares in the company, valued at $7,596,286.60. The trade was a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Magnuson sold 24,325 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $630,990.50. Following the sale, the chief executive officer owned 721,444 shares in the company, valued at $18,714,257.36. This represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,798 shares of company stock worth $2,158,088. Company insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On Braze

A number of large investors have recently made changes to their positions in the company. US Bancorp DE increased its stake in Braze by 1.4% in the 1st quarter. US Bancorp DE now owns 21,314 shares of the company’s stock valued at $769,000 after buying an additional 302 shares during the period. IFP Advisors Inc grew its position in Braze by 15.3% in the first quarter. IFP Advisors Inc now owns 3,386 shares of the company’s stock worth $122,000 after acquiring an additional 449 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in Braze by 2.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 19,621 shares of the company’s stock worth $551,000 after acquiring an additional 461 shares in the last quarter. GAMMA Investing LLC grew its position in Braze by 236.1% in the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $27,000 after acquiring an additional 517 shares in the last quarter. Finally, CWM LLC grew its position in Braze by 9.7% in the second quarter. CWM LLC now owns 6,009 shares of the company’s stock worth $169,000 after acquiring an additional 532 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.