Braze’s (BRZE) Buy Rating Reiterated at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Braze (NASDAQ:BRZE) in a report released on Thursday,Benzinga reports. They currently have a $35.00 price target on the stock.

A number of other analysts also recently issued reports on the company. DA Davidson restated a “buy” rating and issued a $40.00 price target on shares of Braze in a research report on Wednesday, September 9th. Piper Sandler reiterated an “overweight” rating and set a $30.00 price objective (up from $27.00) on shares of Braze in a research report on Wednesday, September 9th. Raymond James Financial increased their target price on shares of Braze from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday, September 9th. Citigroup restated a “market outperform” rating on shares of Braze in a report on Wednesday, September 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $38.00 price target on shares of Braze in a report on Wednesday, September 9th. Nineteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Braze has a consensus rating of “Moderate Buy” and an average price target of $38.21.

Braze Trading Down 0.9%

Shares of BRZE stock opened at $25.42 on Thursday. The company has a market cap 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 stock’s 50 day simple moving average is $27.67 and its two-hundred day simple moving average is $24.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27.

Braze (NASDAQ:BRZE) last announced its earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $227.23 million during the quarter, compared to analysts’ expectations of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.The company’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Research analysts predict that Braze will post -0.7 earnings per share for the current year.

Insider Buying and Selling at Braze

In other Braze news, CRO Edward Mcdonnell sold 29,732 shares of the stock in a transaction 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 owned 409,630 shares in the company, valued at $12,854,189.40. This trade represents a 6.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of Braze stock in a transaction on Monday, August 10th. The stock was sold at an average price of $27.65, for a total value of $930,588.40. Following the sale, the insider owned 278,138 shares of the company’s stock, valued at approximately $7,690,515.70. This trade represents a 10.79% decrease in their ownership of the stock. 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 in the last quarter. 12.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BRZE. Dimensional Fund Advisors LP purchased a new position in shares of Braze during the first quarter worth approximately $14,294,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Braze by 232,716.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 100,111 shares of the company’s stock valued at $3,433,000 after purchasing an additional 100,068 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Braze by 1,057.5% in the first quarter. Quantinno Capital Management LP now owns 199,292 shares of the company’s stock valued at $4,705,000 after purchasing an additional 182,074 shares during the period. First Trust Advisors LP grew its stake in Braze by 252.9% in the first quarter. First Trust Advisors LP now owns 167,498 shares of the company’s stock worth $3,955,000 after purchasing an additional 120,033 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in Braze by 13.3% in the second quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock worth $8,488,000 after purchasing an additional 46,049 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

About Braze

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.