Braze Inc. (NASDAQ: BRZE) stock fell -3.84% on Tuesday to $32.29 against a previous-day closing price of $33.58. With 1.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.65 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $33.62 whereas the lowest price it dropped to was $31.95. The 52-week range on BRZE shows that it touched its highest point at $50.97 and its lowest point at $22.53 during that stretch. It currently has a 1-year price target of $40.00.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BRZE was up-trending over the past week, with a rise of 7.92%, but this was up by 1.67% over a month. Three-month performance surged to 3.00% while six-month performance rose 31.10%. The stock lost -0.03% in the past year, while it has gained 18.37% so far this year. A look at the trailing 12-month EPS for BRZE yields -1.47 with Next year EPS estimates of -0.14. For the next quarter, that number is -0.16. This implies an EPS growth rate of -78.10% for this year and 74.50% for next year.
Float and Shares Shorts:
At present, 95.77 million BRZE shares are outstanding with a float of 51.56 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.56 million, which was 3.70% higher than short shares on Mar 30, 2023. In addition to Mr. William Magnuson as the firm’s Co-Founder, Chairman & CEO, Mr. Myles Kleeger serves as its Pres & Chief Commercial Officer.
Through their ownership of 65.82% of BRZE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.29% of BRZE, in contrast to 35.93% held by mutual funds. Shares owned by individuals account for 13.36%. As the largest shareholder in BRZE with 12.40% of the stake, Iconiq Capital LLC holds 7,669,763 shares worth 7,669,763. A second-largest stockholder of BRZE, Cadian Capital Management LP, holds 5,175,799 shares, controlling over 8.37% of the firm’s shares. Morgan Stanley & Co. LLC is the third largest shareholder in BRZE, holding 3,448,131 shares or 5.58% stake. With a 1.89% stake in BRZE, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,170,476 shares are owned by the mutual fund manager. The AB Small Cap Growth Portfolio, which owns about 1.86% of BRZE stock, is the second-largest Mutual Fund holder. It holds 1,151,775 shares valued at 33.86 million. Vanguard Small Cap Index Fund holds 1.57% of the stake in BRZE, owning 971,940 shares worth 28.58 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jan 30, 2023, BRZE reported revenue of $77.50M and operating income of -$39.65M. The EBITDA in the recently reported quarter was -$38.68M and diluted EPS was -$0.42.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BRZE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BRZE analysts setting a high price target of $50.00 and a low target of $34.00, the average target price over the next 12 months is $39.75. Based on these targets, BRZE could surge 54.85% to reach the target high and rise by 5.3% to reach the target low. Reaching the average price target will result in a growth of 23.1% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded BRZE stock several times over the past three months with 11 Buys and 27 Sells. In these transactions, 1,381,632 shares were bought while 5,559,936 shares were sold. The number of buy transactions has increased to 87 while that of sell transactions has risen to 51 over the past year. The total number of shares bought during that period was 4,637,656 while 5,693,267 shares were sold.