Braze, Inc. (NASDAQ:BRZE – Get Free Report) has earned a consensus rating of “Buy” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Seventeen equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $61.13.
BRZE has been the subject of several recent research reports. BTIG Research decreased their target price on shares of Braze from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Wells Fargo & Company cut their price target on shares of Braze from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of Braze in a report on Monday, June 17th. Citigroup increased their price target on shares of Braze from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, TD Cowen cut their price target on shares of Braze from $65.00 to $52.00 and set a “buy” rating for the company in a report on Friday, May 31st.
Read Our Latest Analysis on BRZE
Insider Activity
Hedge Funds Weigh In On Braze
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its holdings in shares of Braze by 29.4% during the 1st quarter. Comerica Bank now owns 1,216 shares of the company’s stock valued at $54,000 after acquiring an additional 276 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Braze by 17.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,917 shares of the company’s stock worth $85,000 after buying an additional 290 shares in the last quarter. American International Group Inc. lifted its holdings in Braze by 1.2% in the 1st quarter. American International Group Inc. now owns 26,369 shares of the company’s stock worth $1,168,000 after buying an additional 310 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Braze by 2.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,831 shares of the company’s stock worth $1,266,000 after buying an additional 588 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Braze by 401.1% in the 1st quarter. Covestor Ltd now owns 922 shares of the company’s stock worth $41,000 after buying an additional 738 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.
Braze Price Performance
NASDAQ BRZE opened at $42.92 on Wednesday. Braze has a 1 year low of $33.93 and a 1 year high of $61.53. The company has a market capitalization of $4.36 billion, a PE ratio of -33.53 and a beta of 1.06. The company has a fifty day moving average of $38.57 and a two-hundred day moving average of $45.60.
Braze (NASDAQ:BRZE – Get Free Report) last announced its earnings results on Thursday, June 6th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.01. Braze had a negative net margin of 25.06% and a negative return on equity of 27.85%. The business had revenue of $135.46 million during the quarter, compared to the consensus estimate of $131.56 million. On average, research analysts expect that Braze will post -1.21 earnings per share for the current year.
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.
Read More
- Five stocks we like better than Braze
- How to Invest in the FAANG Stocks
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- What is a Bond Market Holiday? How to Invest and Trade
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- What is the Dogs of the Dow Strategy? Overview and Examples
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Receive News & Ratings for Braze Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braze and related companies with MarketBeat.com's FREE daily email newsletter.