Blaize Holdings, Inc. (NASDAQ:BZAI) Receives $4.62 Average Price Target from Analysts

Blaize Holdings, Inc. (NASDAQ:BZAI) has earned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $4.6250.

BZAI has been the subject of a number of recent research reports. Roth Capital reiterated a “buy” rating and issued a $4.50 price objective on shares of Blaize in a report on Friday, May 15th. DA Davidson restated a “buy” rating and set a $3.00 target price on shares of Blaize in a report on Wednesday, April 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research report on Wednesday, June 24th. Wall Street Zen cut Blaize from a “sell” rating to a “strong sell” rating in a 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 report on Thursday, April 16th.

Insider Buying and Selling at Blaize

In other news, Director Anthony Cannestra sold 50,000 shares of Blaize stock in a transaction on Monday, July 6th. The stock was sold at an average price of $1.35, for a total transaction of $67,500.00. Following the transaction, the director owned 50,000 shares in the company, valued at $67,500. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Harminder Sehmi sold 40,609 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were 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 in the company, valued at approximately $355,889.01. The trade was a 13.52% 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. Over the last 90 days, insiders sold 231,218 shares of company stock valued at $373,543. 17.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Blaize

Several hedge funds and other institutional investors have recently bought and sold shares of BZAI. Lazard Asset Management LLC acquired a new stake in Blaize during the 1st quarter worth approximately $2,192,000. Themes Management Co LLC purchased a new stake in shares of Blaize during the first quarter worth $1,531,000. UBS Group AG increased its position in shares of Blaize by 153.4% during the fourth quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock worth $2,619,000 after acquiring an additional 813,121 shares during the period. AlphaCore Capital LLC raised its stake in shares of Blaize by 79.9% in the fourth quarter. AlphaCore Capital LLC now owns 328,727 shares of the company’s stock valued at $641,000 after acquiring an additional 146,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Blaize by 1,951.3% in the third 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 in the last quarter. 97.12% of the stock is currently owned by institutional investors and hedge funds.

Blaize Stock Up 5.7%

Blaize stock opened at $0.84 on Thursday. The company has a fifty day simple moving average of $1.34 and a 200-day simple moving average of $1.49. The firm has a market capitalization of $118.85 million, a price-to-earnings ratio of -1.11 and a beta of 0.08. Blaize has a 52-week low of $0.74 and a 52-week high of $6.76.

Blaize (NASDAQ:BZAI) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.19) earnings per share 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 return on equity of 551.04% and a negative net margin of 202.65%. On average, research analysts anticipate 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.