Braze (NASDAQ:BRZE) Trading Up 6.3% – Still a Buy?

Shares of Braze, Inc. (NASDAQ:BRZE) rose 6.3% during trading on Monday . The company traded as high as $27.00 and last traded at $26.7160. 934,050 shares were traded during mid-day trading, a decline of 70% from the average session volume of 3,076,453 shares. The stock had previously closed at $25.13.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup cut their target price on shares of Braze from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. TD Cowen restated a “buy” rating on shares of Braze in a report on Monday, June 15th. DA Davidson reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Braze in a research note on Thursday, May 28th. Mizuho lowered their target price on shares of Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, May 28th. Finally, Canaccord Genuity Group dropped their target price on shares of Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.76.

Braze Trading Up 6.7%

The company has a market capitalization of $3.02 billion, a P/E ratio of -23.84 and a beta of 0.85. The business has a 50 day moving average price of $22.42 and a 200 day moving average price of $22.78.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, analysts forecast that Braze, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Trading of Braze

A number of large investors have recently made changes to their positions in BRZE. NBC Securities Inc. acquired a new stake in Braze during the 4th quarter worth $27,000. Fifth Third Bancorp bought a new stake in shares of Braze in the first quarter worth about $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Braze by 3,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after acquiring an additional 803 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Braze during the second quarter worth about $36,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after purchasing an additional 1,404 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

About Braze

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.