Equities Analysts Issue Forecasts for Braze FY2025 Earnings

Braze, Inc. (NASDAQ:BRZE - Free Report) - Equities researchers at Scotiabank upped their FY2025 EPS estimates for Braze in a report issued on Wednesday, January 8th. Scotiabank analyst N. Altmann now anticipates that the company will post earnings per share of ($0.98) for the year, up from their prior estimate of ($1.02). The consensus estimate for Braze's current full-year earnings is ($1.01) per share.

Several other equities research analysts have also issued reports on the stock. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective (down previously from $70.00) on shares of Braze in a research report on Tuesday, December 10th. William Blair reissued an "outperform" rating on shares of Braze in a research report on Thursday, December 19th. 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 reiterated a "market outperform" rating and set a $68.00 target price on shares of Braze in a report on Tuesday, September 24th. Finally, DA Davidson decreased their price target on Braze from $55.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $53.74.

Braze Trading Down 3.4 %

Shares of BRZE traded down $1.52 during mid-day trading on Friday, reaching $42.63. The company had a trading volume of 799,616 shares, compared to its average volume of 1,317,903. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of -37.39 and a beta of 1.11. The firm has a fifty day simple moving average of $40.04 and a 200-day simple moving average of $38.25. Braze has a fifty-two week low of $29.18 and a fifty-two week high of $61.53.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. lifted its stake in Braze by 3.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company's stock valued at $453,000 after buying an additional 346 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Braze during the fourth quarter valued at approximately $253,000. JPMorgan Chase & Co. lifted its position in shares of Braze by 146.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,808,577 shares of the company's stock valued at $58,489,000 after acquiring an additional 1,075,998 shares in the last quarter. Virtu Financial LLC acquired a new position in Braze in the 3rd quarter worth approximately $253,000. Finally, Geode Capital Management LLC grew its position in Braze by 18.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,497,188 shares of the company's stock worth $48,428,000 after purchasing an additional 229,660 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company's stock.

Insider Activity at Braze

In related news, CEO William Magnuson sold 17,933 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.45, for a total value of $617,791.85. Following the sale, the chief executive officer now directly owns 582,816 shares in the company, valued at $20,078,011.20. This trade represents a 2.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction 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. The trade was a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 173,083 shares of company stock valued at $7,260,773. Corporate insiders own 24.03% 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.