Scotiabank Has Positive Outlook for Braze FY2025 Earnings

Braze, Inc. (NASDAQ:BRZE) – Equities research analysts at Scotiabank raised their FY2025 EPS estimates for shares of Braze in a research note issued to investors 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 previous estimate of ($1.02). The consensus estimate for Braze’s current full-year earnings is ($1.01) per share.

A number of other research analysts have also commented on the company. JMP Securities restated a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research note on Tuesday, September 24th. Loop Capital restated a “buy” rating and issued a $75.00 price objective on shares of Braze in a research note on Tuesday, September 24th. Oppenheimer reaffirmed an “outperform” rating and set a $51.00 price objective on shares of Braze in a report on Tuesday, December 10th. Stifel Nicolaus upped their target price on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Braze from $55.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.74.

Braze Stock Down 3.4 %

Braze stock opened at $42.63 on Friday. The business has a 50 day moving average price of $40.04 and a two-hundred 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 $4.41 billion, a price-to-earnings ratio of -37.39 and a beta of 1.11.

Insiders Place Their Bets

In other Braze news, General Counsel Susan Wiseman sold 3,853 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.45, for a total transaction of $132,735.85. Following the completion of the sale, the general counsel now directly owns 203,077 shares of the company’s stock, valued at approximately $6,996,002.65. The trade was a 1.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Myles Kleeger sold 9,225 shares of the stock in a transaction that occurred on 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 owns 190,738 shares in the company, valued at $6,570,924.10. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 173,083 shares of company stock valued at $7,260,773. 24.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Braze

Several institutional investors and hedge funds have recently made changes to their positions in BRZE. Quarry LP acquired a new stake in shares of Braze in the 2nd quarter valued at approximately $50,000. KBC Group NV increased its stake in Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after purchasing an additional 615 shares in the last quarter. Amalgamated Bank raised its holdings in Braze by 18.9% in the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after purchasing an additional 358 shares during the period. Evoke Wealth LLC bought a new position in shares of Braze during the second quarter worth $215,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Braze in the 2nd quarter valued at $229,000. Institutional investors own 90.47% of the company’s stock.

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.