Braze, Inc. (NASDAQ:BRZE) Given Average Rating of “Moderate Buy” by Brokerages

Braze, Inc. (NASDAQ:BRZE) has been given an average recommendation of “Moderate Buy” by the twenty brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $34.7647.

BRZE has been the topic of a number of recent research reports. Mizuho reduced their price target on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. JPMorgan Chase & Co. increased their price objective on shares of Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. DA Davidson reissued a “buy” rating and issued a $33.00 target price on shares of Braze in a report on Thursday, May 28th. Finally, UBS Group restated an “outperform” rating on shares of Braze in a research note on Thursday, May 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BRZE. Handelsbanken Fonder AB increased its position in Braze by 18.9% in the second quarter. Handelsbanken Fonder AB now owns 28,900 shares of the company’s stock worth $627,000 after buying an additional 4,600 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of Braze during the second quarter valued at $36,000. Versant Capital Management Inc grew its position in shares of Braze by 13.3% during the second quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock worth $102,000 after acquiring an additional 552 shares during the last quarter. Optiver Holding B.V. increased its holdings in shares of Braze by 532.2% in the 1st quarter. Optiver Holding B.V. now owns 2,712 shares of the company’s stock worth $64,000 after acquiring an additional 2,283 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in Braze by 36.5% in the 1st quarter. Glenmede Trust Co. NA now owns 538,845 shares of the company’s stock valued at $12,722,000 after purchasing an additional 144,176 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors.

Braze Trading Up 2.5%

BRZE stock opened at $21.76 on Friday. The firm has a market cap of $2.45 billion, a P/E ratio of -19.43 and a beta of 0.85. Braze has a 12-month low of $15.26 and a 12-month high of $37.33. The stock’s 50 day simple moving average is $23.12 and its 200 day simple moving average is $22.16.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The firm had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The firm’s revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, research analysts forecast that Braze will post -0.78 EPS for the current fiscal year.

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.