Braze (NASDAQ:BRZE) Releases Q3 Earnings Guidance

Braze (NASDAQ:BRZE) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.00-$(0.01) for the period, compared to the consensus EPS estimate of ($0.02). The company issued revenue guidance of $147.5-$148.5 million, compared to the consensus revenue estimate of $148.02 million. Braze also updated its FY 2025 guidance to 0.060-0.070 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BTIG Research cut 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. Citigroup raised their price objective on Braze from $52.00 to $58.00 and gave the stock a buy rating in a research report on Friday, June 7th. Barclays reduced their target price on Braze from $80.00 to $70.00 and set an overweight rating for the company in a research report on Monday, August 26th. Scotiabank raised shares of Braze from a sector perform rating to a sector outperform rating and boosted their price target for the company from $48.00 to $56.00 in a report on Wednesday, July 10th. Finally, JMP Securities reaffirmed a market outperform rating and set a $68.00 price objective on shares of Braze in a report on Friday. Seventeen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Braze has an average rating of Buy and an average price target of $60.50.

Braze Price Performance

BRZE opened at $35.57 on Friday. The company’s 50 day simple moving average is $41.21 and its 200-day simple moving average is $43.01. The stock has a market capitalization of $3.61 billion, a P/E ratio of -27.79 and a beta of 1.07. Braze has a one year low of $33.93 and a one year high of $61.53.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.12. Braze had a negative net margin of 25.06% and a negative return on equity of 27.85%. The firm had revenue of $145.50 million during the quarter, compared to analyst estimates of $141.32 million. During the same period in the previous year, the business posted ($0.30) EPS. The business’s quarterly revenue was up 26.4% on a year-over-year basis. As a group, analysts anticipate that Braze will post -1.21 EPS for the current year.

Insider Buying and Selling at Braze

In other news, CEO William Magnuson sold 17,840 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $41.37, for a total transaction of $738,040.80. Following the transaction, the chief executive officer now directly owns 600,749 shares of the company’s stock, valued at $24,852,986.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO William Magnuson sold 17,840 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $41.37, for a total value of $738,040.80. Following the transaction, the chief executive officer now owns 600,749 shares in the company, valued at $24,852,986.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Pankaj Malik sold 2,618 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $35.23, for a total transaction of $92,232.14. Following the sale, the chief accounting officer now directly owns 76,623 shares of the company’s stock, valued at approximately $2,699,428.29. The disclosure for this sale can be found here. Insiders sold a total of 187,898 shares of company stock worth $8,081,257 over the last three months. Company 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.