Braze (NASDAQ:BRZE) Reaches New 12-Month Low – What’s Next?

Braze, Inc. (NASDAQ:BRZE) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.87 and last traded at $18.11, with a volume of 3135382 shares traded. The stock had previously closed at $17.79.

Analysts Set New Price Targets

Several research analysts recently weighed in on BRZE shares. Wolfe Research raised shares of Braze to an “overweight” rating in a report on Wednesday, December 10th. Mizuho upped their price objective on Braze from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Wells Fargo & Company lifted their target price on Braze from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. Citigroup boosted their price target on Braze from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $68.00 price target on shares of Braze in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.43.

Braze Stock Performance

The firm has a fifty day simple moving average of $28.97 and a two-hundred day simple moving average of $28.40. The firm has a market cap of $2.03 billion, a PE ratio of -16.46 and a beta of 1.07.

Braze (NASDAQ:BRZE) last posted its earnings results on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.The firm had revenue of $190.84 million during the quarter, compared to the consensus estimate of $198.25 million. During the same period in the prior year, the company earned $0.02 EPS. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. Equities analysts forecast that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Susan Wiseman sold 5,474 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total value of $145,827.36. Following the completion of the transaction, the general counsel owned 224,250 shares of the company’s stock, valued at approximately $5,974,020. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Magnuson sold 26,698 shares of Braze stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total value of $711,234.72. Following the completion of the transaction, the chief executive officer owned 694,746 shares of the company’s stock, valued at approximately $18,508,033.44. This represents a 3.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 69,923 shares of company stock worth $1,917,418. Insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On Braze

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Braze by 10.0% during the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after buying an additional 892,635 shares during the period. Champlain Investment Partners LLC increased its position in Braze by 10.8% during the third quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company’s stock valued at $76,445,000 after acquiring an additional 261,351 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Braze by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after acquiring an additional 139,133 shares during the period. Battery Management CORP. lifted its holdings in shares of Braze by 70.2% in the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after acquiring an additional 1,000,000 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Braze by 28.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after purchasing an additional 518,103 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Company Profile

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.