Blaize Holdings, Inc. (NASDAQ:BZAI) Receives Average Rating of “Moderate Buy” from Analysts

Blaize Holdings, Inc. (NASDAQ:BZAI) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $4.6250.

A number of analysts have commented on BZAI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a research report on Friday, March 27th. B. Riley Financial lowered their price target on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Roth Mkm reaffirmed a “buy” rating and set a $4.50 price target on shares of Blaize in a research report on Friday, May 15th. DA Davidson reaffirmed a “buy” rating and set a $3.00 price target on shares of Blaize in a research report on Wednesday, April 29th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $6.00 price target on shares of Blaize in a research report on Thursday, April 16th.

Blaize Price Performance

Blaize stock opened at $1.61 on Wednesday. The stock has a market capitalization of $228.39 million, a price-to-earnings ratio of -2.14 and a beta of 0.05. Blaize has a 1-year low of $1.00 and a 1-year high of $6.76. The business has a fifty day moving average price of $1.81 and a 200-day moving average price of $1.76.

Blaize (NASDAQ:BZAI) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The business had revenue of $2.74 million during the quarter. Blaize had a negative return on equity of 551.04% and a negative net margin of 202.65%. On average, equities research analysts anticipate that Blaize will post -0.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Blaize news, CFO Harminder Sehmi sold 40,609 shares of Blaize stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1.82, for a total transaction of $73,908.38. Following the completion of the sale, the chief financial officer owned 300,382 shares of the company’s stock, valued at approximately $546,695.24. The trade was a 11.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dinakar Munagala sold 50,000 shares of Blaize stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $2.54, for a total value of $127,000.00. Following the sale, the chief executive officer directly owned 551,422 shares of the company’s stock, valued at approximately $1,400,611.88. This represents a 8.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 354,678 shares of company stock valued at $742,397. 17.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Blaize

Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc acquired a new position in shares of Blaize in the 3rd quarter valued at about $26,000. Virtu Financial LLC acquired a new position in shares of Blaize in the 3rd quarter valued at about $42,000. ProShare Advisors LLC acquired a new position in shares of Blaize in the 3rd quarter valued at about $43,000. Resurgent Financial Advisors LLC acquired a new position in shares of Blaize in the 4th quarter valued at about $26,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Blaize in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 97.12% of the company’s stock.

Blaize Company Profile

Blaize (NASDAQ: BZAI) is a fabless semiconductor company that designs and develops hardware and software solutions for artificial intelligence (AI) and machine learning applications at the edge. The company’s core technology is centered on its proprietary Graph Streaming Processor (GSP) architecture, which combines dataflow computing with a highly parallel matrix processing engine to deliver real-time AI inference with low power consumption. Blaize’s platform is aimed at customers seeking to deploy sophisticated AI workloads in environments where power efficiency, latency and form factor are critical.

The company offers a hardware portfolio that includes standalone GSP modules, PCIe cards and M.2 form-factor boards, alongside its Blaize AI software stack.