Blaize Holdings, Inc. (BZAI) – What Are Researchers Thinking About This Stock?

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $1.98.

A number of equities research analysts have recently weighed in on BZAI shares. Craig Hallum cut Blaize from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. DA Davidson cut shares of Blaize from a “buy” rating to a “neutral” rating and reduced their target price for the company from $3.00 to $1.00 in a research report on Friday, August 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research note on Monday, September 21st. Rosenblatt Securities downgraded Blaize from a “buy” rating to a “hold” rating and set a $0.40 target price on the stock. in a research note on Tuesday, October 6th. Finally, B. Riley Financial decreased their price objective on Blaize from $4.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, August 14th.

Hedge Funds Weigh In On Blaize

A number of institutional investors and hedge funds have recently modified their holdings of BZAI. Abel Hall LLC acquired a new stake in Blaize during the first quarter worth approximately $32,000. Corient Private Wealth LP acquired a new stake in Blaize in the 2nd quarter valued at $28,000. Kera Capital Partners Inc. acquired a new position in Blaize during the first quarter worth about $48,000. Caerus Investment Advisors LLC acquired a new position in Blaize during the first quarter worth $53,000. Finally, Spark Investment Management LLC purchased a new stake in Blaize in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Blaize Stock Up 2.9%

BZAI stock opened at $0.20 on Friday. The stock has a market cap of $29.66 million, a price-to-earnings ratio of -0.30 and a beta of 0.18. The business has a fifty day moving average of $0.38 and a two-hundred day moving average of $1.13. Blaize has a 52-week low of $0.17 and a 52-week high of $3.54.

Blaize (NASDAQ:BZAI) last issued its earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). The business had revenue of $11.99 million during the quarter. Blaize had a negative net margin of 160.85% and a negative return on equity of 306.51%. As a group, sell-side analysts anticipate that Blaize will post -0.72 EPS for the current year.

About Blaize

Blaize, Inc is an artificial intelligence computing company that develops hardware and software for running AI applications at the edge. Its technology is designed to process data locally on devices and systems, reducing the need to send information to centralized cloud infrastructure and supporting applications that require low latency, lower power consumption, or enhanced data privacy.

The company’s offerings include purpose-built edge AI processors, embedded computing platforms, and software tools for developing and deploying machine-learning models.