B. Riley Financial Cuts Blaize (NASDAQ:BZAI) Price Target to $5.00

Blaize (NASDAQ:BZAI) had its price target trimmed by B. Riley Financial from $8.00 to $5.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also commented on BZAI. Rosenblatt Securities reissued a “buy” rating and set a $6.00 target price on shares of Blaize in a research note on Wednesday. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.00.

Blaize Trading Down 1.1%

NASDAQ:BZAI opened at $1.73 on Wednesday. The company has a 50-day moving average of $1.33 and a 200-day moving average of $2.50. The firm has a market cap of $192.01 million, a price-to-earnings ratio of -0.80 and a beta of 0.35. Blaize has a twelve month low of $1.00 and a twelve month high of $6.76.

Institutional Trading of Blaize

Several institutional investors and hedge funds have recently bought and sold shares of BZAI. Legal & General Group Plc purchased a new stake in Blaize during the third quarter valued at about $26,000. Resurgent Financial Advisors LLC purchased a new position in shares of Blaize in the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Blaize during the fourth quarter valued at approximately $29,000. Bank of Montreal Can acquired a new stake in shares of Blaize during the fourth quarter valued at approximately $30,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Blaize in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 97.12% of the company’s stock.

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.