DA Davidson Issues Pessimistic Forecast for Braze (NASDAQ:BRZE) Stock Price

Braze (NASDAQ:BRZE - Free Report) had its price objective cut by DA Davidson from $50.00 to $40.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock. DA Davidson also issued estimates for Braze's FY2026 earnings at ($0.85) EPS and FY2027 earnings at ($0.73) EPS.

A number of other research analysts have also recently weighed in on BRZE. Canaccord Genuity Group boosted their target price on shares of Braze from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, March 28th. Needham & Company LLC reissued a "buy" rating and set a $50.00 price objective on shares of Braze in a report on Friday, March 28th. Citigroup raised their target price on Braze from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. Stifel Nicolaus set a $50.00 price target on Braze and gave the company a "buy" rating in a research report on Friday, March 28th. Finally, Stephens initiated coverage on Braze in a report on Wednesday, March 19th. They issued an "overweight" rating and a $43.00 price objective for the company. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Braze currently has a consensus rating of "Buy" and a consensus target price of $52.50.

Braze Stock Performance

Shares of Braze stock traded up $0.79 during mid-day trading on Monday, hitting $29.21. 1,005,433 shares of the stock were exchanged, compared to its average volume of 1,227,796. Braze has a 12 month low of $27.75 and a 12 month high of $48.33. The company has a 50-day simple moving average of $35.24 and a 200 day simple moving average of $37.61. The company has a market capitalization of $3.06 billion, a P/E ratio of -25.62 and a beta of 1.13.

Braze (NASDAQ:BRZE - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.07. The business had revenue of $160.40 million for the quarter, compared to analyst estimates of $155.72 million. Braze had a negative return on equity of 24.88% and a negative net margin of 20.41%. Braze's quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. Analysts predict that Braze will post -0.98 EPS for the current year.

Insider Activity

In other Braze news, CEO William Magnuson sold 18,050 shares of Braze stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total value of $736,801.00. Following the transaction, the chief executive officer now directly owns 564,766 shares of the company's stock, valued at $23,053,748.12. The trade was a 3.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Phillip M. Fernandez sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $41.30, for a total value of $61,950.00. Following the completion of the sale, the director now owns 15,269 shares of the company's stock, valued at $630,609.70. The trade was a 8.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,937 shares of company stock valued at $2,707,581. Corporate insiders own 24.03% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in Braze by 168.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company's stock worth $27,000 after acquiring an additional 405 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Braze by 236.1% in the first quarter. GAMMA Investing LLC now owns 736 shares of the company's stock worth $27,000 after purchasing an additional 517 shares during the last quarter. Aster Capital Management DIFC Ltd increased its holdings in Braze by 9,188.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company's stock valued at $35,000 after purchasing an additional 827 shares during the period. EverSource Wealth Advisors LLC raised its position in Braze by 8,436.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company's stock valued at $39,000 after purchasing an additional 928 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Braze in the 4th quarter worth approximately $47,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

About Braze

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.