Braze (NASDAQ:BRZE) Shares Gap Up – Here’s Why

Braze, Inc. (NASDAQ:BRZE)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $21.22, but opened at $21.98. Braze shares last traded at $21.5620, with a volume of 52,649 shares changing hands.

Wall Street Analysts Forecast Growth

BRZE has been the topic of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $33.00 price target on shares of Braze in a research report on Thursday, May 28th. Canaccord Genuity Group reduced their price objective on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price objective on shares of Braze in a research report on Thursday, May 28th. UBS Group restated an “outperform” rating on shares of Braze in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.76.

Braze Stock Up 2.5%

The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -19.43 and a beta of 0.85. The business has a 50-day moving average of $23.12 and a two-hundred day moving average of $22.16.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Equities analysts predict that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BRZE. Vanguard Group Inc. increased its holdings in Braze by 10.0% in the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after buying an additional 892,635 shares during the period. Dana Investment Advisors Inc. bought a new position in shares of Braze during the 4th quarter worth about $1,980,000. SG Americas Securities LLC lifted its holdings in shares of Braze by 5,412.5% during the 4th quarter. SG Americas Securities LLC now owns 289,790 shares of the company’s stock worth $9,937,000 after acquiring an additional 284,533 shares during the period. Stephens Investment Management Group LLC boosted its position in shares of Braze by 8.7% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,233,143 shares of the company’s stock valued at $42,284,000 after acquiring an additional 98,854 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Braze by 232,716.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 100,111 shares of the company’s stock valued at $3,433,000 after acquiring an additional 100,068 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.