Blaize (NASDAQ:BZAI) Upgraded to “Hold” at Zacks Research

Blaize (NASDAQ:BZAI) was upgraded by Zacks Research to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also weighed in on BZAI. Rosenblatt Securities restated a “buy” rating and set a $6.00 price objective on shares of Blaize in a research report on Friday, August 15th. B. Riley initiated coverage on shares of Blaize in a research note on Tuesday. They set a “buy” rating and a $9.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $7.38.

Blaize Stock Performance

NASDAQ:BZAI opened at $3.27 on Wednesday. Blaize has a twelve month low of $1.70 and a twelve month high of $19.25. The company has a 50-day moving average of $3.58 and a 200-day moving average of $2.98.

Blaize (NASDAQ:BZAI) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $1.98 million for the quarter. Blaize has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Institutional Trading of Blaize

A number of hedge funds have recently made changes to their positions in BZAI. D.A. Davidson & CO. purchased a new stake in shares of Blaize in the second quarter worth approximately $54,000. Vontobel Holding Ltd. purchased a new stake in shares of Blaize in the second quarter worth approximately $60,000. HighTower Advisors LLC purchased a new stake in shares of Blaize in the first quarter worth approximately $81,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Blaize in the first quarter worth approximately $123,000. Finally, XTX Topco Ltd purchased a new stake in shares of Blaize in the second quarter worth approximately $189,000. 97.12% of the stock is owned by hedge funds and other institutional investors.

Blaize Company Profile

Blaize® has created a transformative new compute solution that unites silicon and software to optimize AI from the edge to the core. We’re partnering with customers to transform their products so they can deliver better experiences and better lives.