Braze, Inc. (NASDAQ:BRZE – Get Free Report) has earned an average recommendation of “Buy” from the seventeen analysts that are currently covering the stock, Marketbeat Ratings reports. Seventeen research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is $60.50.
A number of research analysts recently commented on BRZE shares. Raymond James lowered their price objective on shares of Braze from $65.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, June 7th. DA Davidson reiterated a “buy” rating and set a $65.00 price objective on shares of Braze in a research note on Friday, September 6th. TD Cowen lowered their price objective on shares of Braze from $65.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Canaccord Genuity Group raised their price objective on shares of Braze from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, BTIG Research decreased their price target on shares of Braze from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, May 31st.
Check Out Our Latest Report on Braze
Insiders Place Their Bets
Institutional Investors Weigh In On Braze
A number of large investors have recently bought and sold shares of BRZE. 1832 Asset Management L.P. boosted its holdings in Braze by 537.4% during the fourth quarter. 1832 Asset Management L.P. now owns 1,527,100 shares of the company’s stock valued at $81,135,000 after acquiring an additional 1,287,500 shares during the period. Norges Bank acquired a new stake in shares of Braze during the fourth quarter worth approximately $37,584,000. Fiera Capital Corp acquired a new stake in shares of Braze during the fourth quarter worth approximately $31,153,000. Vanguard Group Inc. increased its holdings in shares of Braze by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company’s stock worth $305,315,000 after buying an additional 480,179 shares in the last quarter. Finally, Granite Investment Partners LLC bought a new stake in shares of Braze during the second quarter valued at approximately $12,925,000. 90.47% of the stock is currently owned by institutional investors.
Braze Trading Up 1.7 %
BRZE opened at $35.13 on Thursday. The business’s 50 day moving average is $40.76 and its 200-day moving average is $42.14. The stock has a market cap of $3.57 billion, a PE ratio of -27.45 and a beta of 1.07. Braze has a twelve month low of $33.24 and a twelve month high of $61.53.
Braze (NASDAQ:BRZE – Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. The company had revenue of $145.50 million for the quarter, compared to analysts’ expectations of $141.32 million. Braze had a negative return on equity of 25.89% and a negative net margin of 22.01%. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) earnings per share. As a group, analysts forecast that Braze will post -1.05 EPS for the current year.
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.
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