Investors Purchase High Volume of Call Options on Blaize (NASDAQ:BZAI)

Blaize Holdings, Inc. (NASDAQ:BZAI) was the target of unusually large options trading activity on Monday. Stock investors acquired 4,661 call options on the company. This is an increase of 197% compared to the typical volume of 1,571 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Roth Capital started coverage on Blaize in a report on Tuesday, October 7th. They issued a “buy” rating and a $8.50 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a report on Monday, December 29th. B. Riley started coverage on shares of Blaize in a report on Tuesday, September 9th. They set a “buy” rating and a $9.00 price target for the company. Finally, Zacks Research raised shares of Blaize to a “hold” rating in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.60.

Hedge Funds Weigh In On Blaize

A number of hedge funds have recently made changes to their positions in BZAI. Legal & General Group Plc purchased a new position in Blaize in the third quarter valued at about $26,000. Virtu Financial LLC acquired a new position in shares of Blaize during the third quarter worth $42,000. ProShare Advisors LLC purchased a new position in shares of Blaize in the third quarter valued at $43,000. Voya Investment Management LLC purchased a new stake in Blaize during the 3rd quarter worth $44,000. Finally, Strs Ohio acquired a new stake in shares of Blaize during the third quarter valued at about $46,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Blaize Stock Up 7.7%

Shares of BZAI traded up $0.16 during mid-day trading on Monday, hitting $2.23. The company had a trading volume of 427,932 shares, compared to its average volume of 850,823. The stock has a market cap of $247.50 million, a PE ratio of -3.14 and a beta of 0.34. Blaize has a 1-year low of $1.70 and a 1-year high of $19.25. The business’s 50-day simple moving average is $2.60 and its 200-day simple moving average is $3.31.

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.