Blaize Holdings, Inc. (NASDAQ:BZAI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have been given an average rating of “Moderate Buy” by the seven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $7.60.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a research report on Monday, December 29th.

Institutional Investors Weigh In On Blaize

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Blaize by 301.9% during the third quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock valued at $12,379,000 after acquiring an additional 2,695,204 shares in the last quarter. UBS Group AG boosted its stake in Blaize by 153.4% during the 4th quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock valued at $2,619,000 after purchasing an additional 813,121 shares during the last quarter. Geode Capital Management LLC increased its holdings 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. RK Capital Management LLC FL purchased a new position in shares of Blaize in the third quarter worth $844,000. Finally, Raymond James Financial Inc. raised its stake in shares of Blaize by 93,097.5% in the third quarter. Raymond James Financial Inc. now owns 186,395 shares of the company’s stock worth $643,000 after purchasing an additional 186,195 shares during the last quarter. 97.12% of the stock is owned by hedge funds and other institutional investors.

Blaize Stock Performance

Shares of BZAI opened at $1.20 on Thursday. Blaize has a fifty-two week low of $1.18 and a fifty-two week high of $6.76. The firm’s 50-day simple moving average is $2.07 and its two-hundred day simple moving average is $3.15. The stock has a market cap of $133.19 million, a PE ratio of -1.69 and a beta of 0.33.

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.