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

Blaize Holdings, Inc. (NASDAQ:BZAI) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $4.6250.

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

Insider Activity

In other news, CEO Dinakar Munagala sold 50,000 shares of Blaize stock in a transaction on Friday, April 17th. The shares were sold at an average price of $2.54, for a total value of $127,000.00. Following the completion of the sale, the chief executive officer owned 551,422 shares in the company, valued at $1,400,611.88. The trade was a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Harminder Sehmi sold 40,609 shares of Blaize stock in a transaction on Friday, May 1st. The shares were sold at an average price of $1.97, for a total transaction of $79,999.73. Following the completion of the sale, the chief financial officer owned 340,991 shares of the company’s stock, valued at $671,752.27. This represents a 10.64% 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. Insiders sold 314,069 shares of company stock worth $668,489 in the last quarter. 17.40% of the stock is owned by corporate insiders.

Institutional Trading of Blaize

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Blaize by 301.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock valued at $12,379,000 after acquiring an additional 2,695,204 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Blaize by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 1,536,900 shares of the company’s stock valued at $2,997,000 after acquiring an additional 66,178 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Blaize by 947.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,404,159 shares of the company’s stock valued at $2,556,000 after acquiring an additional 1,270,096 shares in the last quarter. UBS Group AG increased its stake 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 acquiring an additional 813,121 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Blaize by 2.3% in the 4th quarter. State Street Corp now owns 1,292,591 shares of the company’s stock valued at $2,521,000 after acquiring an additional 29,222 shares in the last quarter. Institutional investors own 97.12% of the company’s stock.

Blaize Stock Performance

Blaize stock opened at $1.47 on Friday. Blaize has a 52-week low of $1.00 and a 52-week high of $6.76. The firm has a 50 day moving average price of $1.69 and a two-hundred day moving average price of $1.87. The firm has a market cap of $181.27 million, a price-to-earnings ratio of -1.96 and a beta of 0.08.

Blaize (NASDAQ:BZAI) last released its quarterly 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). Blaize had a negative return on equity of 551.04% and a negative net margin of 202.65%.The firm had revenue of $2.74 million for the quarter. As a group, equities research analysts predict that Blaize will post -0.48 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.