Blaize Holdings, Inc. (NASDAQ:BZAI) Receives $4.63 Average Price Target from Analysts

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $4.6250.

Several research firms recently issued reports on BZAI. DA Davidson reiterated a “buy” rating and issued a $3.00 price target on shares of Blaize in a report on Wednesday, April 29th. Zacks Research lowered shares of Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Roth Mkm reissued a “buy” rating and set a $4.50 price objective on shares of Blaize in a research report on Friday, May 15th. Rosenblatt Securities restated a “buy” rating and set a $6.00 price objective on shares of Blaize in a report on Thursday, April 16th. Finally, B. Riley Financial decreased their price target on shares of Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th.

Insider Transactions at Blaize

In other news, Director Anthony Cannestra sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1.68, for a total transaction of $84,000.00. Following the sale, the director owned 50,000 shares in the company, valued at $84,000. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Harminder Sehmi sold 40,609 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1.82, for a total value of $73,908.38. Following the sale, the chief financial officer owned 300,382 shares in the company, valued at approximately $546,695.24. This represents a 11.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 404,678 shares of company stock worth $826,397 in the last 90 days. Corporate insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BZAI. Goldman Sachs Group Inc. acquired a new stake in Blaize during the first quarter worth approximately $348,000. Geode Capital Management LLC grew its position in Blaize by 0.5% in the second quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock valued at $1,955,000 after acquiring an additional 3,031 shares during the last quarter. XTX Topco Ltd bought a new position in Blaize in the second quarter valued at about $189,000. AQR Arbitrage LLC bought a new position in Blaize in the second quarter valued at about $298,000. Finally, New York State Common Retirement Fund bought a new position in Blaize in the third quarter valued at about $102,000. Institutional investors own 97.12% of the company’s stock.

Blaize Price Performance

Blaize stock opened at $1.47 on Wednesday. The stock has a fifty day moving average price of $1.80 and a two-hundred day moving average price of $1.75. The firm has a market capitalization of $209.18 million, a P/E ratio of -1.96 and a beta of 0.05. Blaize has a 52-week low of $1.00 and a 52-week high of $6.76.

Blaize (NASDAQ:BZAI) last announced its earnings results on Thursday, May 14th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). The business had revenue of $2.74 million for the quarter. Blaize had a negative return on equity of 551.04% and a negative net margin of 202.65%. On average, equities research analysts predict that Blaize will post -0.66 EPS for the current fiscal year.

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.