Braze, Inc. (NASDAQ:BRZE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Braze, Inc. (NASDAQ:BRZE) have been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $54.47.

Several research analysts have issued reports on BRZE shares. Piper Sandler cut their price target on Braze from $51.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Barclays cut their price target on Braze from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Stifel Nicolaus started coverage on Braze in a report on Tuesday, October 22nd. They issued a “buy” rating and a $37.00 price target on the stock. DA Davidson cut their price target on Braze from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. dropped their target price on Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a report on Friday, October 25th.

Braze Price Performance

NASDAQ BRZE opened at $39.12 on Tuesday. The business has a 50 day simple moving average of $33.07 and a 200 day simple moving average of $37.38. Braze has a one year low of $29.18 and a one year high of $61.53. The stock has a market capitalization of $4.02 billion, a P/E ratio of -33.15 and a beta of 1.03.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.12. The business had revenue of $145.50 million for the quarter, compared to analyst estimates of $141.32 million. Braze had a negative return on equity of 25.89% and a negative net margin of 22.01%. The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.30) earnings per share. Equities analysts expect that Braze will post -1.02 earnings per share for the current year.

Insider Activity at Braze

In other Braze news, Director Fernando Machado sold 1,377 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $30.65, for a total value of $42,205.05. Following the completion of the sale, the director now directly owns 8,937 shares of the company’s stock, valued at $273,919.05. This trade represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Jonathan Hyman sold 6,930 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.45, for a total value of $238,738.50. Following the completion of the sale, the chief technology officer now directly owns 163,020 shares of the company’s stock, valued at $5,616,039. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,479 shares of company stock valued at $4,414,911. 24.03% of the stock is owned by insiders.

Institutional Trading of Braze

Large investors have recently bought and sold shares of the company. Comerica Bank grew its position in shares of Braze by 29.4% in the first quarter. Comerica Bank now owns 1,216 shares of the company’s stock valued at $54,000 after purchasing an additional 276 shares in the last quarter. Blair William & Co. IL grew its position in shares of Braze by 2.2% in the second quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock valued at $502,000 after purchasing an additional 283 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Braze by 17.8% in the first quarter. Advisors Asset Management Inc. now owns 1,917 shares of the company’s stock valued at $85,000 after purchasing an additional 290 shares in the last quarter. American International Group Inc. grew its position in shares of Braze by 1.2% in the first quarter. American International Group Inc. now owns 26,369 shares of the company’s stock valued at $1,168,000 after purchasing an additional 310 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Braze by 18.9% in the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after purchasing an additional 358 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Braze Company Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.