Analysts Set Braze, Inc. (NASDAQ:BRZE) Target Price at $54.47

Braze, Inc. (NASDAQ:BRZE - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $53.95.

A number of research firms have recently weighed in on BRZE. Loop Capital reaffirmed a "buy" rating and issued a $75.00 target price on shares of Braze in a research report on Tuesday, September 24th. JMP Securities reaffirmed a "market outperform" rating and set a $68.00 target price on shares of Braze in a research note on Tuesday, September 24th. DA Davidson lowered their target price on shares of Braze from $65.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, September 24th. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 price objective on shares of Braze in a research report on Tuesday, September 24th. Finally, Macquarie began coverage on Braze in a report on Thursday, October 31st. They issued a "neutral" rating and a $30.00 target price on the stock.

Braze Stock Down 0.1 %

Shares of BRZE traded down $0.02 during trading hours on Tuesday, reaching $39.10. 2,787,742 shares of the company traded hands, compared to its average volume of 1,044,084. Braze has a 12 month low of $29.18 and a 12 month high of $61.53. The company's fifty day moving average price is $33.07 and its two-hundred day moving average price is $37.38. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of -33.02 and a beta of 1.03.

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

Insider Buying and Selling

In other Braze news, CFO Isabelle Winkles sold 4,500 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $195,345.00. Following the sale, the chief financial officer now directly owns 216,208 shares of the company's stock, valued at $9,385,589.28. This trade represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jonathan Hyman sold 6,930 shares of the company's stock in a transaction dated 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 transaction, the chief technology officer now directly owns 163,020 shares of the company's stock, valued at approximately $5,616,039. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,479 shares of company stock valued at $4,414,911. 24.03% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BRZE. Stephens Investment Management Group LLC purchased a new position in shares of Braze in the third quarter worth $20,794,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Braze by 69.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,494,100 shares of the company's stock valued at $48,319,000 after acquiring an additional 612,400 shares during the last quarter. Granite Investment Partners LLC purchased a new stake in Braze in the 2nd quarter worth $12,925,000. State Street Corp grew its position in shares of Braze by 21.5% during the third quarter. State Street Corp now owns 1,575,701 shares of the company's stock valued at $50,958,000 after purchasing an additional 279,050 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Braze in the second quarter worth about $10,166,000. 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.