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

Braze, Inc. (NASDAQ:BRZE) – Research analysts at Scotiabank raised their FY2025 earnings per share (EPS) estimates for shares of Braze in a note issued to investors on Wednesday, January 8th. Scotiabank analyst N. Altmann now anticipates that the company will earn ($0.98) per share for the year, up from their previous forecast of ($1.02). The consensus estimate for Braze’s current full-year earnings is ($1.01) per share.

Several other analysts have also commented on BRZE. William Blair reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. Citigroup raised their price objective on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer reiterated an “outperform” rating and set a $51.00 price target on shares of Braze in a research report on Tuesday, December 10th. Piper Sandler lifted their target price on shares of Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Loop Capital restated a “buy” rating and set a $75.00 price target on shares of Braze in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.74.

Braze Trading Down 1.0 %

Braze stock opened at $44.15 on Friday. The company has a 50-day moving average price of $40.04 and a 200 day moving average price of $38.25. Braze has a 12-month low of $29.18 and a 12-month high of $61.53. The stock has a market cap of $4.57 billion, a P/E ratio of -38.73 and a beta of 1.11.

Insider Buying and Selling

In related news, CAO Pankaj Malik sold 3,700 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $45.77, for a total value of $169,349.00. Following the completion of the sale, the chief accounting officer now owns 54,784 shares in the company, valued at $2,507,463.68. This trade represents a 6.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Myles Kleeger sold 9,225 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.45, for a total transaction of $317,801.25. Following the completion of the transaction, the insider now directly owns 190,738 shares of the company’s stock, valued at approximately $6,570,924.10. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 173,083 shares of company stock valued at $7,260,773 over the last ninety days. Corporate insiders own 24.03% of the company’s stock.

Hedge Funds Weigh In On Braze

Hedge funds have recently made changes to their positions in the business. Blair William & Co. IL increased its position in shares of Braze by 2.2% in the 2nd quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock worth $502,000 after purchasing an additional 283 shares during the last quarter. Amalgamated Bank raised its stake in shares of Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after purchasing an additional 358 shares in the last quarter. Creative Planning boosted its holdings in shares of Braze by 1.7% in the second quarter. Creative Planning now owns 23,121 shares of the company’s stock valued at $898,000 after acquiring an additional 384 shares in the last quarter. KBC Group NV increased its position in shares of Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after purchasing an additional 615 shares during the period. Finally, Arizona State Retirement System raised its position in Braze by 4.8% in the second quarter. Arizona State Retirement System now owns 15,466 shares of the company’s stock worth $601,000 after acquiring an additional 712 shares in the last quarter. Hedge funds and other institutional investors 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.