Blaize Holdings, Inc. (NASDAQ:BZAI) Receives $4.63 Average PT from Analysts

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.6250.

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Blaize from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. B. Riley Financial lowered their target price on shares of Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a report on Friday, March 27th. Roth Mkm restated a “buy” rating and issued a $4.50 target price on shares of Blaize in a report on Friday, May 15th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $6.00 target price on shares of Blaize in a report on Thursday, April 16th.

Insider Activity at Blaize

In related news, Director Anthony Cannestra sold 50,000 shares of Blaize stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1.68, for a total transaction of $84,000.00. Following the completion of the sale, the director owned 50,000 shares in the company, valued at $84,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 shares were sold at an average price of $2.54, for a total transaction of $127,000.00. Following the sale, the chief executive officer owned 551,422 shares of the company’s stock, valued at $1,400,611.88. The trade was a 8.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 404,678 shares of company stock worth $826,397 in the last 90 days. 17.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blaize

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BZAI. UBS Group AG raised its holdings in shares of Blaize by 153.4% in 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. Aristides Capital LLC bought a new stake in shares of Blaize in the 4th quarter valued at about $86,000. X Square Capital LLC bought a new stake in shares of Blaize in the 4th quarter valued at about $390,000. ProShare Advisors LLC raised its holdings in shares of Blaize by 571.7% in the 4th quarter. ProShare Advisors LLC now owns 84,109 shares of the company’s stock valued at $164,000 after purchasing an additional 71,587 shares in the last quarter. Finally, BRC Group Holdings Inc. bought a new stake in shares of Blaize in the 4th quarter valued at about $163,000. Institutional investors own 97.12% of the company’s stock.

Blaize Stock Performance

Blaize stock opened at $1.47 on Wednesday. The firm has a 50-day moving average price of $1.80 and a 200-day moving average price of $1.74. The firm has a market capitalization of $209.18 million, a PE ratio of -1.96 and a beta of 0.05. Blaize has a 12-month low of $1.00 and a 12-month high of $6.76.

Blaize (NASDAQ:BZAI) last released its 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 firm 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%. As a group, sell-side analysts predict that Blaize will post -0.66 earnings per share for the current fiscal 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.