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

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $7.60.

BZAI has been the subject of several analyst reports. Roth Capital began coverage on Blaize in a research note on Tuesday, October 7th. They issued a “buy” rating and a $8.50 price objective for the company. B. Riley assumed coverage on Blaize in a research note on Tuesday, September 9th. They set a “buy” rating and a $9.00 price objective for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research note on Monday. Finally, Zacks Research upgraded shares of Blaize to a “hold” rating in a research report on Wednesday, September 10th.

Blaize Trading Down 0.5%

BZAI opened at $2.11 on Wednesday. The company’s 50 day moving average is $3.06 and its 200 day moving average is $3.34. The company has a market cap of $234.18 million, a price-to-earnings ratio of -2.97 and a beta of 0.32. Blaize has a 12-month low of $1.70 and a 12-month high of $19.25.

Institutional Investors Weigh In On Blaize

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. purchased a new position in Blaize during the first quarter valued at $644,000. HighTower Advisors LLC bought a new position in shares of Blaize during the 1st quarter valued at about $81,000. ATW Spac Management LLC purchased a new position in shares of Blaize during the first quarter valued at about $694,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Blaize in the first quarter worth about $123,000. Finally, Quarry LP purchased a new stake in shares of Blaize in the first quarter worth about $1,364,000. 97.12% of the stock is owned by institutional investors.

About Blaize

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.