Shares of Blaize Holdings, Inc. (NASDAQ:BZAI – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.6250.
Several equities research analysts have recently weighed in on BZAI shares. Zacks Research downgraded Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a research report on Friday, March 27th. Roth Mkm reaffirmed a “buy” rating and set a $4.50 target price on shares of Blaize in a research report on Friday, May 15th. B. Riley Financial dropped their target price on Blaize from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Finally, DA Davidson reaffirmed a “buy” rating and set a $3.00 target price on shares of Blaize in a research report on Wednesday, April 29th.
Read Our Latest Research Report on Blaize
Blaize Price Performance
Blaize (NASDAQ:BZAI – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.06). Blaize had a negative return on equity of 551.04% and a negative net margin of 202.65%.The business had revenue of $2.74 million during the quarter. Equities research analysts expect that Blaize will post -0.66 EPS for the current year.
Insider Buying and Selling at Blaize
In other Blaize news, CEO Dinakar Munagala sold 50,000 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $2.54, for a total transaction of $127,000.00. Following the sale, the chief executive officer 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 on Monday, May 11th. The shares were sold at an average price of $1.85, for a total value of $92,500.00. Following the sale, the director directly owned 50,000 shares in the company, valued at $92,500. 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 90 days, insiders have sold 354,678 shares of company stock valued at $742,397. 17.40% of the stock is currently owned by corporate insiders.
Institutional Trading of Blaize
A number of institutional investors have recently made changes to their positions in BZAI. Goldman Sachs Group Inc. acquired a new stake in shares of Blaize in the 1st quarter worth $348,000. Geode Capital Management LLC boosted its position in shares of 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 acquired a new stake in shares of Blaize in the 2nd quarter worth $189,000. AQR Arbitrage LLC acquired a new stake in shares of Blaize in the 2nd quarter worth $298,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Blaize in the 3rd quarter worth $102,000. 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.
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