-$0.23 Earnings Per Share Expected for Braze, Inc. (NASDAQ:BRZE) This Quarter

Wall Street brokerages predict that Braze, Inc. (NASDAQ:BRZE – Get Rating) will post ($0.23) earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Braze’s earnings, with the lowest EPS estimate coming in at ($0.32) and the highest estimate coming in at ($0.21). The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Braze will report full-year earnings of ($0.84) per share for the current financial year, with EPS estimates ranging from ($0.87) to ($0.82). For the next year, analysts forecast that the firm will post earnings of ($0.64) per share, with EPS estimates ranging from ($0.82) to ($0.50). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Braze.

Braze (NASDAQ:BRZE – Get Rating) last released its quarterly earnings results on Wednesday, March 30th. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01.

A number of research analysts have issued reports on BRZE shares. Needham & Company LLC reduced their price objective on Braze from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, March 31st. Oppenheimer decreased their target price on Braze from $85.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, March 31st. Loop Capital decreased their price objective on Braze from $90.00 to $75.00 in a report on Thursday, March 31st. Piper Sandler decreased their price objective on Braze from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, March 31st. Finally, William Blair reaffirmed an “outperform” rating on shares of Braze in a report on Thursday, March 31st. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $71.54.

In related news, major shareholder Iconiq Strategic Partners Vi, acquired 17,172 shares of the stock in a transaction on Friday, April 8th. The stock was purchased at an average price of $37.58 per share, for a total transaction of $645,323.76. Following the completion of the transaction, the insider now owns 322,390 shares of the company’s stock, valued at approximately $12,115,416.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Douglas A. Pepper acquired 175,169 shares of the stock in a transaction on Wednesday, April 6th. The stock was bought at an average price of $37.37 per share, with a total value of $6,546,065.53. The disclosure for this purchase can be found here. Insiders purchased a total of 308,867 shares of company stock valued at $11,554,072 in the last 90 days.

A number of hedge funds have recently made changes to their positions in the business. Interwest Venture Management Co. purchased a new position in shares of Braze during the first quarter valued at approximately $140,758,000. Sapphire Ventures L.L.C. purchased a new position in shares of Braze during the fourth quarter valued at approximately $134,674,000. Spark Growth Management Partners II LLC purchased a new position in shares of Braze during the first quarter valued at approximately $55,888,000. Alliancebernstein L.P. purchased a new position in shares of Braze during the fourth quarter valued at approximately $68,082,000. Finally, Citadel Advisors LLC purchased a new position in shares of Braze during the fourth quarter valued at approximately $22,150,000. Hedge funds and other institutional investors own 1.92% of the company’s stock.

NASDAQ BRZE opened at $40.19 on Friday. The company has a fifty day moving average of $40.52. Braze has a 12 month low of $30.76 and a 12 month high of $98.78.

Braze Company Profile (Get Rating)

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and the delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content cards, as well as can be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; and partner cohort syncing, which allow brands to sync user cohorts from partners.

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