Braze (NASDAQ:BRZE) Given Buy Rating at DA Davidson

DA Davidson restated their buy rating on shares of Braze (NASDAQ:BRZE) in a report issued on Friday, Benzinga reports. DA Davidson currently has a $65.00 price objective on the stock. DA Davidson also issued estimates for Braze’s Q3 2025 earnings at ($0.28) EPS.

A number of other analysts also recently weighed in on BRZE. Barclays cut their price target on shares of Braze from $80.00 to $70.00 and set an overweight rating for the company in a report on Monday, August 26th. Oppenheimer restated an outperform rating and set a $60.00 target price on shares of Braze in a research note on Wednesday, June 12th. Scotiabank upgraded Braze from a sector perform rating to a sector outperform rating and lifted their price target for the company from $48.00 to $56.00 in a research note on Wednesday, July 10th. Piper Sandler restated an overweight rating and set a $51.00 price objective on shares of Braze in a research report on Friday. Finally, JMP Securities reaffirmed a market outperform rating and issued a $68.00 price objective on shares of Braze in a research note on Friday. Seventeen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Braze presently has a consensus rating of Buy and an average price target of $60.50.

Braze Price Performance

Braze stock opened at $36.28 on Friday. The firm has a market cap of $3.69 billion, a PE ratio of -28.34 and a beta of 1.07. The stock’s fifty day moving average price is $41.14 and its two-hundred day moving average price is $42.68. Braze has a one year low of $33.93 and a one year high of $61.53.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.12. Braze had a negative return on equity of 26.10% and a negative net margin of 22.01%. The company had revenue of $145.50 million for the quarter, compared to analysts’ expectations of $141.32 million. During the same quarter last year, the business earned ($0.30) earnings per share. Braze’s revenue was up 26.4% on a year-over-year basis. Sell-side analysts expect that Braze will post -1.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Braze news, General Counsel Susan Wiseman sold 3,447 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $44.00, for a total value of $151,668.00. Following the completion of the transaction, the general counsel now directly owns 206,930 shares in the company, valued at approximately $9,104,920. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Pankaj Malik sold 2,618 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $35.23, for a total value of $92,232.14. Following the completion of the sale, the chief accounting officer now owns 76,623 shares of the company’s stock, valued at $2,699,428.29. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Susan Wiseman sold 3,447 shares of Braze stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $44.00, for a total value of $151,668.00. Following the completion of the transaction, the general counsel now directly owns 206,930 shares in the company, valued at $9,104,920. The disclosure for this sale can be found here. Insiders have sold a total of 191,345 shares of company stock worth $8,232,925 in the last ninety days. Company insiders own 24.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Braze by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 5,894,938 shares of the company’s stock valued at $261,146,000 after purchasing an additional 148,366 shares during the period. Champlain Investment Partners LLC lifted its stake in Braze by 6.6% in the first quarter. Champlain Investment Partners LLC now owns 2,084,805 shares of the company’s stock valued at $92,357,000 after buying an additional 128,645 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of Braze by 537.4% during the 4th quarter. 1832 Asset Management L.P. now owns 1,527,100 shares of the company’s stock worth $81,135,000 after buying an additional 1,287,500 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of Braze by 1.0% during the 2nd quarter. Fiera Capital Corp now owns 780,630 shares of the company’s stock worth $30,320,000 after buying an additional 7,570 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Braze during the 4th quarter worth approximately $37,584,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.