Needham & Company LLC Reiterates Buy Rating for Braze (NASDAQ:BRZE)

Braze (NASDAQ:BRZE)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a report issued on Wednesday,Benzinga reports. They presently have a $50.00 price objective on the stock. Needham & Company LLC’s target price would indicate a potential upside of 77.75% from the company’s previous close.

BRZE has been the subject of several other reports. JMP Securities reaffirmed a “market outperform” rating and set a $68.00 price target on shares of Braze in a research note on Friday, September 5th. Wells Fargo & Company assumed coverage on shares of Braze in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $40.00 target price for the company. DA Davidson reissued a “buy” rating and issued a $40.00 target price on shares of Braze in a research note on Friday, September 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Braze in a research note on Wednesday, October 8th. Finally, Mizuho raised their target price on shares of Braze from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Nineteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Braze has an average rating of “Moderate Buy” and a consensus price target of $45.11.

Braze Price Performance

Shares of NASDAQ:BRZE opened at $28.13 on Wednesday. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of -27.05 and a beta of 1.10. The firm’s 50 day simple moving average is $28.57 and its 200 day simple moving average is $29.55. Braze has a fifty-two week low of $23.91 and a fifty-two week high of $48.33.

Braze (NASDAQ:BRZE) last announced its earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.25). The company had revenue of $180.11 million for the quarter, compared to analyst estimates of $171.63 million. Braze had a negative return on equity of 17.97% and a negative net margin of 16.62%.The business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. Equities research analysts expect that Braze will post -0.98 earnings per share for the current year.

Insider Activity

In other news, General Counsel Susan Wiseman sold 4,988 shares of Braze stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total transaction of $129,388.72. Following the completion of the sale, the general counsel owned 234,667 shares of the company’s stock, valued at approximately $6,087,261.98. This trade represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Astha Malik sold 13,049 shares of Braze stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total value of $338,491.06. Following the sale, the insider directly owned 236,930 shares of the company’s stock, valued at $6,145,964.20. This represents a 5.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,012 shares of company stock valued at $2,028,483. 18.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Braze

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Braze by 236.1% in the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $27,000 after purchasing an additional 517 shares in the last quarter. Quarry LP raised its stake in Braze by 296.0% in the first quarter. Quarry LP now owns 796 shares of the company’s stock valued at $29,000 after purchasing an additional 595 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Braze in the first quarter valued at about $36,000. SBI Securities Co. Ltd. raised its stake in Braze by 173.3% in the second quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock valued at $39,000 after purchasing an additional 870 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after purchasing an additional 1,404 shares in the last quarter. Institutional investors and hedge funds own 90.47% 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.