Blaize (NASDAQ:BZAI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Blaize (NASDAQ:BZAI) from a sell rating to a hold rating in a report published on Saturday morning.

Several other equities analysts have also commented on BZAI. B. Riley Financial cut their price target on Blaize from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research note on Friday, March 27th. Zacks Research upgraded Blaize from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. Finally, Rosenblatt Securities restated a “buy” rating and set a $6.00 price target on shares of Blaize in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.50.

Blaize Trading Down 8.6%

Shares of Blaize stock opened at $1.91 on Friday. The firm has a market cap of $234.45 million and a P/E ratio of -0.88. Blaize has a 12 month low of $1.00 and a 12 month high of $6.76. The stock’s fifty day moving average price is $1.35 and its 200-day moving average price is $2.36.

Insider Transactions at Blaize

In other Blaize news, Director Anthony Cannestra sold 50,000 shares of Blaize stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $1.75, for a total value of $87,500.00. Following the transaction, the director owned 50,000 shares in the company, valued at $87,500. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Blaize

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG grew its stake in Blaize by 153.4% in the fourth quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock valued at $2,619,000 after purchasing an additional 813,121 shares during the last quarter. AlphaCore Capital LLC grew its stake in Blaize by 79.9% in the fourth quarter. AlphaCore Capital LLC now owns 328,727 shares of the company’s stock valued at $641,000 after purchasing an additional 146,000 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Blaize by 1,951.3% in the third quarter. JPMorgan Chase & Co. now owns 29,498 shares of the company’s stock valued at $102,000 after purchasing an additional 28,060 shares during the last quarter. Quantbot Technologies LP purchased a new position in Blaize in the third quarter valued at about $239,000. Finally, RK Capital Management LLC FL purchased a new stake in shares of Blaize during the third quarter worth about $844,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

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.