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

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One 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 1 year price target among brokers that have updated their coverage on the stock in the last year is $4.6250.

A number of research firms have issued reports on BZAI. B. Riley Financial reduced their target price on shares of Blaize from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Roth Mkm restated a “buy” rating and issued a $4.50 price target on shares of Blaize in a research note on Friday, May 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $6.00 price objective on shares of Blaize in a research report on Thursday, April 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research note on Wednesday, June 24th. Finally, Zacks Research lowered Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th.

Insider Buying and Selling at Blaize

In other 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 value of $73,908.38. Following the completion of the transaction, the chief financial officer owned 300,382 shares in the company, valued at approximately $546,695.24. This trade represents a 11.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 the business’s 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 transaction, 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 ownership of the stock. 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 have sold 404,678 shares of company stock valued at $826,397 in the last quarter. Corporate insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Blaize

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Blaize by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock valued at $1,955,000 after purchasing an additional 3,031 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Blaize during the third quarter worth $26,000. Bank of America Corp DE grew its stake in shares of Blaize by 11.4% during the first quarter. Bank of America Corp DE now owns 93,844 shares of the company’s stock worth $171,000 after purchasing an additional 9,598 shares in the last quarter. Virtu Financial LLC purchased a new position in Blaize in the third quarter valued at $42,000. Finally, Resurgent Financial Advisors LLC purchased a new position in Blaize in the fourth quarter valued at $26,000. 97.12% of the stock is owned by hedge funds and other institutional investors.

Blaize Price Performance

Shares of NASDAQ:BZAI opened at $1.34 on Friday. The firm has a market capitalization of $190.68 million, a PE ratio of -1.79 and a beta of 0.08. Blaize has a 1 year low of $1.00 and a 1 year high of $6.76. The firm’s 50-day moving average is $1.63 and its two-hundred day moving average is $1.65.

Blaize (NASDAQ:BZAI) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). The business had revenue of $2.74 million during the quarter. Blaize had a negative net margin of 202.65% and a negative return on equity of 551.04%. Analysts expect that Blaize will post -0.66 EPS 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.