What is DA Davidson's Estimate for Braze FY2025 Earnings?

Braze, Inc. (NASDAQ:BRZE - Free Report) - Stock analysts at DA Davidson increased their FY2025 earnings per share estimates for shares of Braze in a research report issued to clients and investors on Tuesday, December 10th. DA Davidson analyst G. Luria now forecasts that the company will post earnings of ($0.98) per share for the year, up from their prior estimate of ($1.02). DA Davidson has a "Buy" rating and a $50.00 price objective on the stock. The consensus estimate for Braze's current full-year earnings is ($1.02) per share. DA Davidson also issued estimates for Braze's FY2026 earnings at ($0.91) EPS.

A number of other research analysts have also issued reports on BRZE. UBS Group reduced their price target on Braze from $56.00 to $51.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Oppenheimer reaffirmed an "outperform" rating and set a $51.00 target price on shares of Braze in a research note on Tuesday. Barclays lowered their target price on Braze from $80.00 to $70.00 and set an "overweight" rating on the stock in a report on Monday, August 26th. Piper Sandler lifted their target price on Braze from $40.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Macquarie lifted their target price on Braze from $30.00 to $39.00 and gave the stock a "neutral" rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $53.74.

Braze Stock Down 0.9 %

BRZE stock traded down $0.37 during trading on Thursday, reaching $42.01. 1,277,986 shares of the company's stock were exchanged, compared to its average volume of 1,079,478. Braze has a 1-year low of $29.18 and a 1-year high of $61.53. The company's fifty day moving average price is $34.67 and its 200-day moving average price is $37.29. The firm has a market cap of $4.32 billion, a PE ratio of -37.18 and a beta of 1.15.

Insider Activity

In other news, CFO Isabelle Winkles sold 4,500 shares of Braze stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $32.12, for a total transaction of $144,540.00. Following the completion of the sale, the chief financial officer now directly owns 216,208 shares in the company, valued at $6,944,600.96. The trade was a 2.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fernando Machado sold 1,377 shares of Braze stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $30.65, for a total value of $42,205.05. Following the sale, the director now owns 8,937 shares of the company's stock, valued at approximately $273,919.05. This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,979 shares of company stock worth $3,688,914 in the last three months. 24.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Braze

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in Braze by 12.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company's stock worth $16,486,000 after purchasing an additional 57,713 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Braze in the 2nd quarter worth approximately $10,166,000. Victory Capital Management Inc. lifted its holdings in Braze by 5.0% in the 3rd quarter. Victory Capital Management Inc. now owns 411,544 shares of the company's stock worth $13,309,000 after purchasing an additional 19,567 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Braze in the 2nd quarter worth approximately $971,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Braze by 195.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company's stock worth $2,512,000 after purchasing an additional 51,411 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.