Braze (NASDAQ:BRZE) Upgraded to “Strong-Buy” at The Goldman Sachs Group

Braze (NASDAQ:BRZE) was upgraded by The Goldman Sachs Group to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. DA Davidson reaffirmed a “buy” rating and set a $33.00 price objective on shares of Braze in a research report on Thursday, May 28th. TD Cowen reissued a “buy” rating on shares of Braze in a research report on Monday, June 15th. Barclays boosted their target price on Braze from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. UBS Group reaffirmed an “outperform” rating on shares of Braze in a report on Thursday, May 28th. Finally, Stifel Nicolaus set a $30.00 price target on shares of Braze in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.65.

Braze Stock Up 1.1%

Shares of NASDAQ BRZE opened at $19.48 on Tuesday. The firm has a market cap of $2.19 billion, a P/E ratio of -17.39 and a beta of 0.83. Braze has a twelve month low of $15.26 and a twelve month high of $37.33. The company has a 50 day moving average of $22.39 and a 200 day moving average of $23.69.

Braze (NASDAQ:BRZE) last issued its earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The company’s revenue was up 30.2% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, equities analysts expect that Braze will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Braze

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $20.29, for a total value of $710,150.00. Following the completion of the transaction, the general counsel directly owned 209,424 shares in the company, valued at $4,249,212.96. This represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Braze

A number of institutional investors have recently bought and sold shares of BRZE. Vanguard Group Inc. grew its position in shares of Braze by 10.0% during the fourth quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock worth $337,793,000 after purchasing an additional 892,635 shares in the last quarter. Dana Investment Advisors Inc. bought a new stake in Braze during the 4th quarter valued at approximately $1,980,000. SG Americas Securities LLC lifted its holdings in Braze by 5,412.5% in the 4th quarter. SG Americas Securities LLC now owns 289,790 shares of the company’s stock worth $9,937,000 after purchasing an additional 284,533 shares in the last quarter. Jefferies Financial Group Inc. lifted its holdings in Braze by 412.2% in the 3rd quarter. Jefferies Financial Group Inc. now owns 99,761 shares of the company’s stock worth $2,837,000 after purchasing an additional 80,285 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Braze by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock worth $69,831,000 after purchasing an additional 139,133 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.