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

Blaize Holdings, Inc. (NASDAQ:BZAI) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $4.6250.

Several equities analysts have issued reports on BZAI shares. DA Davidson reiterated a “buy” rating and issued a $3.00 target price on shares of Blaize in a research note on Wednesday, April 29th. Zacks Research lowered shares of Blaize from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of Blaize from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $6.00 price objective on shares of Blaize in a research note on Thursday, April 16th.

Insider Buying and Selling at Blaize

In other news, CFO Harminder Sehmi sold 40,609 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1.37, for a total transaction of $55,634.33. Following the transaction, the chief financial officer directly owned 259,773 shares of the company’s stock, valued at approximately $355,889.01. This represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Cannestra sold 50,000 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $1.35, for a total value of $67,500.00. Following the sale, the director owned 50,000 shares of the company’s stock, valued at approximately $67,500. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 445,287 shares of company stock worth $862,031 over the last three months. Corporate insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. UBS Group AG increased its stake in Blaize by 153.4% during the 4th quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock valued at $2,619,000 after purchasing an additional 813,121 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Blaize by 1,951.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,498 shares of the company’s stock valued at $102,000 after acquiring an additional 28,060 shares during the period. Quantbot Technologies LP purchased a new position in Blaize in the 3rd quarter worth $239,000. RK Capital Management LLC FL acquired a new stake in Blaize during the 3rd quarter worth about $844,000. Finally, Kera Capital Partners Inc. purchased a new stake in Blaize during the 1st quarter valued at about $48,000. 97.12% of the stock is owned by institutional investors and hedge funds.

Blaize Price Performance

NASDAQ BZAI traded up $0.02 during midday trading on Friday, hitting $1.23. 1,892,190 shares of the company traded hands, compared to its average volume of 3,431,752. Blaize has a 52 week low of $1.00 and a 52 week high of $6.76. The company’s 50-day simple moving average is $1.56 and its 200-day simple moving average is $1.62. The company has a market cap of $175.03 million, a PE ratio of -1.64 and a beta of 0.08.

Blaize (NASDAQ:BZAI) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). The company 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, 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.