Blaize Holdings, Inc. (NASDAQ:BZAI) Given Average Recommendation of “Hold” by Brokerages

Blaize Holdings, Inc. (NASDAQ:BZAIGet Free Report) has received an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $3.3750.

Several analysts have weighed in on BZAI shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a research note on Wednesday, June 24th. Wall Street Zen lowered Blaize from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Roth Capital restated a “buy” rating and set a $4.50 price target on shares of Blaize in a research report on Friday, May 15th. B. Riley Financial lowered their price objective on Blaize from $4.00 to $2.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Finally, DA Davidson reissued a “neutral” rating and set a $1.00 price objective (down from $3.00) on shares of Blaize in a research note on Friday, August 14th.

View Our Latest Research Report on Blaize

Insiders Place Their Bets

In related news, CFO Harminder Sehmi sold 40,609 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1.37, for a total transaction of $55,634.33. Following the transaction, the chief financial officer owned 259,773 shares in the company, valued at $355,889.01. The trade was a 13.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Cannestra sold 50,000 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $1.35, for a total value of $67,500.00. Following the completion of the sale, the director owned 50,000 shares of the company’s stock, valued at approximately $67,500. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 181,218 shares of company stock worth $281,043. Insiders own 17.40% of the company’s stock.

Hedge Funds Weigh In On Blaize

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new position in Blaize during the 1st quarter valued at $348,000. Geode Capital Management LLC raised its holdings in Blaize by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock worth $1,955,000 after purchasing an additional 3,031 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Blaize in the 2nd quarter worth about $189,000. AQR Arbitrage LLC bought a new stake in shares of Blaize during the 2nd quarter valued at about $298,000. Finally, Rhumbline Advisers bought a new stake in shares of Blaize during the 3rd quarter valued at about $218,000. Institutional investors own 97.12% of the company’s stock.

Blaize Trading Up 3.6%

Shares of NASDAQ BZAI opened at $0.53 on Monday. The stock’s 50-day moving average is $1.00 and its 200 day moving average is $1.36. The stock has a market cap of $76.76 million, a price-to-earnings ratio of -0.78 and a beta of 0.13. Blaize has a 1-year low of $0.42 and a 1-year high of $6.76.

Blaize (NASDAQ:BZAIGet Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). The business had revenue of $11.99 million for the quarter. Blaize had a negative net margin of 160.85% and a negative return on equity of 306.51%. On average, analysts forecast that Blaize will post -0.76 EPS for the current fiscal year.

Blaize Company Profile

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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.

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Analyst Recommendations for Blaize (NASDAQ:BZAI)

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