Braze (NASDAQ:BRZE) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Braze (NASDAQ:BRZE) in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a $50.00 price target on the stock.

Several other analysts also recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price objective on shares of Braze in a research note on Wednesday, December 10th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $68.00 target price on shares of Braze in a report on Wednesday, December 10th. DA Davidson lifted their price target on Braze from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Wells Fargo & Company lifted their target price on Braze from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of Braze in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Braze presently has an average rating of “Moderate Buy” and a consensus price target of $46.95.

Braze Price Performance

Shares of Braze stock opened at $27.24 on Wednesday. The business has a 50-day simple moving average of $31.05 and a 200 day simple moving average of $29.15. Braze has a one year low of $23.91 and a one year high of $48.33. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of -24.76 and a beta of 1.08.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.The firm had revenue of $190.84 million during the quarter, compared to analysts’ expectations of $198.25 million. During the same quarter last year, the firm posted $0.02 earnings per share. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. On average, sell-side analysts expect that Braze will post -0.98 EPS for the current year.

Insider Buying and Selling

In related news, CTO Jonathan Hyman sold 9,789 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $260,778.96. Following the completion of the transaction, the chief technology officer owned 195,317 shares of the company’s stock, valued at approximately $5,203,244.88. The trade was a 4.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Astha Malik sold 14,322 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $381,538.08. Following the transaction, the insider owned 219,338 shares of the company’s stock, valued at $5,843,164.32. This trade represents a 6.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 69,923 shares of company stock valued at $1,917,418 in the last three months. Insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On Braze

A number of institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its position in Braze by 173.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock worth $39,000 after buying an additional 870 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Braze by 821.1% in the 2nd 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. Quarry LP purchased a new position in Braze in the 3rd quarter worth $46,000. Clearstead Advisors LLC lifted its stake in Braze by 58.2% in the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock worth $48,000 after purchasing an additional 620 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Braze by 35.7% in the third quarter. Covestor Ltd now owns 2,894 shares of the company’s stock worth $82,000 after purchasing an additional 761 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

Braze Company Profile

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.