Analysts Set Blaize Holdings, Inc. (NASDAQ:BZAI) PT at $4.62

Blaize Holdings, Inc. (NASDAQ:BZAI) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One equities research 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 12-month price objective among brokers that have covered the stock in the last year is $4.6250.

BZAI has been the subject of several research analyst reports. Zacks Research lowered Blaize from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Wall Street Zen downgraded shares of Blaize from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. B. Riley Financial decreased their price objective 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. Roth Capital reissued a “buy” rating and issued a $4.50 price objective on shares of Blaize in a research report on Friday, May 15th. Finally, DA Davidson reissued a “buy” rating and issued a $3.00 price objective on shares of Blaize in a research report on Wednesday, April 29th.

Blaize Stock Down 1.6%

NASDAQ:BZAI opened at $1.21 on Friday. The company has a market cap of $172.18 million, a P/E ratio of -1.61 and a beta of 0.08. The firm’s 50 day moving average is $1.57 and its two-hundred day moving average is $1.62. Blaize has a fifty-two week low of $1.00 and a fifty-two week high of $6.76.

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

Insider Buying and Selling at Blaize

In related news, CEO Dinakar Munagala sold 50,000 shares of the firm’s stock in a transaction dated 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 directly owned 551,422 shares in the company, valued at approximately $1,400,611.88. This trade represents a 8.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $1.85, for a total value of $92,500.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at $92,500. This trade represents a 50.00% decrease in their ownership of the stock. 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 445,287 shares of company stock valued at $862,031 over the last three months. 17.40% of the stock is owned by company insiders.

Institutional Trading of Blaize

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Blaize by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock valued at $1,955,000 after purchasing an additional 3,031 shares in the last quarter. Legal & General Group Plc acquired a new position in Blaize in the 3rd quarter worth $26,000. Bank of America Corp DE boosted its position in Blaize by 11.4% in the 1st quarter. Bank of America Corp DE now owns 93,844 shares of the company’s stock valued at $171,000 after buying an additional 9,598 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Blaize during the third quarter worth about $42,000. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of Blaize in the fourth quarter worth about $26,000. Hedge funds and other institutional investors 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.