Blaize Holdings, Inc. (BZAI) – What Are Investment Firms Thinking About This Stock?

Blaize Holdings, Inc. (NASDAQ:BZAI) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $1.98.

Several research firms have weighed in on BZAI. Rosenblatt Securities lowered Blaize from a “buy” rating to a “hold” rating and set a $0.40 target price on the stock. in a research note on Tuesday, October 6th. DA Davidson restated a “neutral” rating and set a $1.00 target price (down from $3.00) on shares of Blaize in a research report on Friday, August 14th. B. Riley Financial decreased their target price on Blaize from $4.00 to $2.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a research note on Monday, September 21st. Finally, Craig Hallum downgraded shares of Blaize from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Blaize during the second quarter worth $10,194,000. Renaissance Technologies LLC grew its holdings in shares of Blaize by 947.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,404,159 shares of the company’s stock valued at $2,556,000 after buying an additional 1,270,096 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Blaize in the 1st quarter valued at $2,192,000. Themes Management Co LLC acquired a new position in shares of Blaize in the 1st quarter valued at $1,531,000. Finally, EFG International AG bought a new stake in shares of Blaize in the 2nd quarter valued at $594,000. Institutional investors and hedge funds own 97.12% of the company’s stock.

Blaize Price Performance

BZAI stock opened at $0.25 on Tuesday. Blaize has a twelve month low of $0.23 and a twelve month high of $5.15. The business’s fifty day moving average is $0.50 and its 200-day moving average is $1.16.

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

About Blaize

Blaize, Inc is an artificial intelligence computing company that develops hardware and software for running AI applications at the edge. Its technology is designed to process data locally on devices and systems, reducing the need to send information to centralized cloud infrastructure and supporting applications that require low latency, lower power consumption, or enhanced data privacy.

The company’s offerings include purpose-built edge AI processors, embedded computing platforms, and software tools for developing and deploying machine-learning models.