DA Davidson Has Bearish Estimate for Braze FY2026 Earnings

Braze, Inc. (NASDAQ:BRZE - Free Report) - Stock analysts at DA Davidson cut their FY2026 earnings per share (EPS) estimates for shares of Braze in a report released on Tuesday, April 15th. DA Davidson analyst G. Luria now expects that the company will post earnings per share of ($0.85) for the year, down from their prior forecast of ($0.84). DA Davidson currently has a "Buy" rating and a $40.00 target price on the stock. The consensus estimate for Braze's current full-year earnings is ($0.98) per share. DA Davidson also issued estimates for Braze's FY2027 earnings at ($0.73) EPS.

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. Braze had a negative return on equity of 24.88% and a negative net margin of 20.41%. The company had revenue of $160.40 million during the quarter, compared to analysts' expectations of $155.72 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The firm's revenue was up 22.4% compared to the same quarter last year.

Several other equities analysts have also weighed in on the company. Canaccord Genuity Group lifted their price target on Braze from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, March 28th. Raymond James lifted their target price on shares of Braze from $45.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Wells Fargo & Company lowered their price objective on Braze from $55.00 to $40.00 and set an "overweight" rating on the stock in a report on Tuesday. Stifel Nicolaus set a $50.00 target price 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 on the stock. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Braze has an average rating of "Buy" and a consensus price target of $51.75.

Braze Stock Performance

Shares of Braze stock traded up $0.14 during trading on Thursday, hitting $27.82. 263,665 shares of the company's stock were exchanged, compared to its average volume of 1,223,035. Braze has a 52-week low of $27.45 and a 52-week high of $48.33. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -24.39 and a beta of 1.13. The business has a 50-day simple moving average of $34.98 and a 200-day simple moving average of $37.68.

Insider Buying and Selling

In other Braze news, General Counsel Susan Wiseman sold 4,167 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $30.98, for a total transaction of $129,093.66. Following the sale, the general counsel now directly owns 248,999 shares of the company's stock, valued at approximately $7,713,989.02. This represents a 1.65 % decrease in their ownership of the stock. 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 stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $41.30, for a total transaction of $61,950.00. Following the sale, the director now owns 15,269 shares in the company, valued at approximately $630,609.70. This trade represents a 8.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,937 shares of company stock worth $2,707,581. 24.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Braze

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Braze by 21.1% in the fourth quarter. Vanguard Group Inc. now owns 8,464,161 shares of the company's stock valued at $354,479,000 after purchasing an additional 1,476,423 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Braze by 2.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,693,357 shares of the company's stock worth $112,798,000 after purchasing an additional 63,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Braze by 27.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,309,244 shares of the company's stock valued at $96,711,000 after purchasing an additional 500,667 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Braze by 121.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,407 shares of the company's stock valued at $92,028,000 after acquiring an additional 1,203,149 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Braze by 107.0% during the 4th quarter. Invesco Ltd. now owns 1,963,841 shares of the company's stock valued at $82,246,000 after purchasing an additional 1,015,007 shares during the period. Institutional investors own 90.47% of the company's stock.

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.