Scotiabank Predicts Braze’s FY2025 Earnings (NASDAQ:BRZE)

Braze, Inc. (NASDAQ:BRZE) – Equities researchers at Scotiabank lifted their FY2025 EPS estimates for Braze in a research report issued on Wednesday, January 8th. Scotiabank analyst N. Altmann now expects that the company will post earnings of ($0.98) per share for the year, up from their prior forecast of ($1.02). The consensus estimate for Braze’s current full-year earnings is ($1.01) per share.

A number of other analysts have also recently commented on BRZE. JPMorgan Chase & Co. lowered their price target on Braze from $55.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Citigroup increased their price target on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. TD Cowen cut their price objective on Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Wells Fargo & Company dropped their target price on shares of Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. Finally, Stifel Nicolaus upped their price target on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $53.74.

Braze Stock Down 1.0 %

NASDAQ:BRZE opened at $44.15 on Friday. The stock’s fifty day simple moving average is $40.04 and its 200-day simple moving average is $38.25. The firm has a market capitalization of $4.57 billion, a P/E ratio of -38.73 and a beta of 1.11. Braze has a 12-month low of $29.18 and a 12-month high of $61.53.

Insider Transactions at Braze

In related news, insider Myles Kleeger sold 9,225 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.45, for a total value of $317,801.25. Following the transaction, the insider now owns 190,738 shares in the company, valued at approximately $6,570,924.10. This represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Phillip M. Fernandez sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $42.02, for a total value of $63,030.00. Following the sale, the director now owns 15,269 shares of the company’s stock, valued at approximately $641,603.38. This represents a 8.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 173,083 shares of company stock worth $7,260,773 in the last ninety days. Insiders own 24.03% of the company’s stock.

Hedge Funds Weigh In On Braze

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in Braze during the second quarter valued at approximately $50,000. KBC Group NV grew its holdings in shares of Braze by 41.5% during the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after purchasing an additional 615 shares during the last quarter. Amalgamated Bank grew its holdings in Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after acquiring an additional 358 shares during the last quarter. Evoke Wealth LLC bought a new position in shares of Braze during the second quarter valued at $215,000. Finally, Canada Pension Plan Investment Board bought a new position in Braze during the 2nd quarter worth $229,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.