Braze, Inc. (NASDAQ:BRZE) Expected to Post Earnings of -$0.23 Per Share

Wall Street analysts predict that Braze, Inc. (NASDAQ:BRZEGet Rating) will announce ($0.23) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Braze’s earnings, with estimates ranging from ($0.32) to ($0.21). The company is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Braze will report full year earnings of ($0.84) per share for the current fiscal year, with EPS estimates ranging from ($0.87) to ($0.82). For the next financial year, analysts anticipate that the business will post earnings of ($0.64) per share, with EPS estimates ranging from ($0.82) to ($0.50). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Braze.

Braze (NASDAQ:BRZEGet Rating) last posted its quarterly earnings data on Wednesday, March 30th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.01.

BRZE has been the topic of several recent research reports. Oppenheimer decreased their price objective on Braze from $85.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, March 31st. Zacks Investment Research raised Braze from a “sell” rating to a “hold” rating in a research note on Monday, February 21st. Canaccord Genuity Group decreased their target price on Braze from $85.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, March 31st. Raymond James decreased their target price on Braze from $85.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, March 31st. Finally, William Blair reissued an “outperform” rating on shares of Braze in a research note on Thursday, March 31st. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Braze currently has a consensus rating of “Buy” and an average target price of $71.54.

Shares of NASDAQ BRZE traded up $1.06 during trading on Friday, hitting $30.68. The company had a trading volume of 5,538 shares, compared to its average volume of 653,753. The company has a 50 day simple moving average of $38.78. Braze has a 12 month low of $27.09 and a 12 month high of $98.78.

In other Braze news, major shareholder Iconiq Strategic Partners Vi, purchased 17,172 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The stock was purchased at an average cost of $37.58 per share, with a total value of $645,323.76. Following the purchase, the insider now owns 322,390 shares of the company’s stock, valued at $12,115,416.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Pankaj Malik sold 5,943 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $31.53, for a total value of $187,382.79. Following the sale, the chief accounting officer now directly owns 80,360 shares of the company’s stock, valued at $2,533,750.80. The disclosure for this sale can be found here. In the last quarter, insiders bought 308,867 shares of company stock valued at $11,554,072.

Hedge funds have recently modified their holdings of the stock. WINTON GROUP Ltd bought a new stake in shares of Braze during the 4th quarter worth approximately $206,000. Renaissance Capital LLC bought a new stake in Braze during the 4th quarter valued at $277,000. Malaga Cove Capital LLC bought a new stake in Braze during the 1st quarter valued at $309,000. Millennium Management LLC bought a new stake in Braze during the 4th quarter valued at $324,000. Finally, Geode Capital Management LLC bought a new stake in Braze during the 4th quarter valued at $328,000. 23.64% of the stock is owned by hedge funds and other institutional investors.

About Braze (Get Rating)

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and the delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content cards, as well as can be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; and partner cohort syncing, which allow brands to sync user cohorts from partners.

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Earnings History and Estimates for Braze (NASDAQ:BRZE)

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