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

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $4.6250.

BZAI has been the subject of several analyst reports. Wall Street Zen cut shares of Blaize from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. DA Davidson reaffirmed a “buy” rating and set a $3.00 price target on shares of Blaize in a research report on Wednesday, April 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $6.00 price objective on shares of Blaize in a report on Thursday, April 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research report on Wednesday, June 24th. Finally, Zacks Research cut Blaize from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th.

Blaize Price Performance

NASDAQ BZAI opened at $1.34 on Friday. The business’s fifty day simple moving average is $1.63 and its 200-day simple moving average is $1.65. The firm has a market cap of $190.68 million, a PE ratio of -1.79 and a beta of 0.08. Blaize has a 52 week low of $1.00 and a 52 week high of $6.76.

Blaize (NASDAQ:BZAI) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Blaize had a negative net margin of 202.65% and a negative return on equity of 551.04%. The firm had revenue of $2.74 million during the quarter. Research analysts expect that Blaize will post -0.66 EPS for the current year.

Insider Buying and Selling

In other Blaize news, CFO Harminder Sehmi sold 40,609 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1.82, for a total value of $73,908.38. Following the transaction, the chief financial officer owned 300,382 shares of the company’s stock, valued at $546,695.24. This represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dinakar Munagala sold 50,000 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $2.54, for a total transaction 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 trade represents a 8.31% decrease in their position. 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. In the last ninety days, insiders sold 404,678 shares of company stock valued at $826,397. 17.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Blaize

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. purchased a new position in shares of Blaize during the 1st quarter worth approximately $348,000. Geode Capital Management LLC raised its position in Blaize by 0.5% in the second 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 during the period. XTX Topco Ltd acquired a new position in Blaize during the second quarter worth $189,000. AQR Arbitrage LLC purchased a new position in shares of Blaize during the second quarter worth $298,000. Finally, Rhumbline Advisers acquired a new stake in shares of Blaize in the third quarter valued at $218,000. 97.12% of the stock is currently owned by institutional investors and hedge funds.

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.