Blaize Holdings, Inc. (NASDAQ:BZAI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $4.6250.

Several analysts have recently issued reports on BZAI shares. Roth Mkm reiterated a “buy” rating and set a $4.50 price target on shares of Blaize in a research note on Friday, May 15th. B. Riley Financial decreased their price target on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Rosenblatt Securities reiterated a “buy” rating and set a $6.00 price target on shares of Blaize in a research note on Thursday, April 16th. Zacks Research downgraded Blaize from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, DA Davidson reiterated a “buy” rating and set a $3.00 price target on shares of Blaize in a research note on Wednesday, April 29th.

Insider Buying and Selling

In related news, CEO Dinakar Munagala sold 50,000 shares of Blaize stock in a transaction on Friday, April 17th. The shares were sold at an average price of $2.54, for a total value of $127,000.00. Following the transaction, the chief executive officer owned 551,422 shares in the company, valued at $1,400,611.88. This trade represents a 8.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Harminder Sehmi sold 123,460 shares of Blaize stock in a transaction on Monday, April 20th. The stock was sold at an average price of $2.28, for a total transaction of $281,488.80. Following the completion of the transaction, the chief financial officer owned 381,600 shares in the company, valued at $870,048. This trade represents a 24.44% 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. Insiders have sold 404,678 shares of company stock worth $826,397 in the last quarter. 17.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BZAI. Goldman Sachs Group Inc. bought a new position in shares of Blaize during the 1st quarter worth about $348,000. Geode Capital Management LLC increased its holdings in shares of Blaize by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock worth $1,955,000 after purchasing an additional 3,031 shares during the period. XTX Topco Ltd bought a new position in shares of Blaize during the 2nd quarter worth about $189,000. AQR Arbitrage LLC bought a new position in shares of Blaize during the 2nd quarter worth about $298,000. Finally, New York State Common Retirement Fund bought a new position in shares of Blaize during the 3rd quarter worth about $102,000. Institutional investors own 97.12% of the company’s stock.

Blaize Trading Down 6.1%

Blaize stock opened at $1.55 on Wednesday. The company has a market capitalization of $220.57 million, a P/E ratio of -2.07 and a beta of 0.05. The firm’s fifty day simple moving average is $1.79 and its 200-day simple moving average is $1.73. Blaize has a 1-year low of $1.00 and a 1-year high of $6.76.

Blaize (NASDAQ:BZAI) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.06). The company had revenue of $2.74 million for 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 predict that Blaize will post -0.66 earnings per share for the current year.

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.