Blaize Holdings, Inc. (NASDAQ:BZAI) Given Average Recommendation of “Moderate Buy” by Analysts

Blaize Holdings, Inc. (NASDAQ:BZAI) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $4.6250.

BZAI has been the topic of several recent research reports. DA Davidson reaffirmed a “buy” rating and set a $3.00 target price 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 Capital restated a “buy” rating and issued a $4.50 price target on shares of Blaize in a research report on Friday, May 15th. Rosenblatt Securities reiterated a “buy” rating and set a $6.00 price objective on shares of Blaize in a research report on Thursday, April 16th. Finally, Wall Street Zen downgraded shares of Blaize from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th.

Insider Transactions at Blaize

In related news, CFO Harminder Sehmi sold 40,609 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1.37, for a total transaction of $55,634.33. Following the sale, the chief financial officer owned 259,773 shares in the company, valued at $355,889.01. This represents a 13.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $1.85, for a total value of $92,500.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at approximately $92,500. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 271,827 shares of company stock worth $453,542 over the last three months. 17.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc acquired a new stake in Blaize in the third quarter worth $26,000. Resurgent Financial Advisors LLC acquired a new position in shares of Blaize during the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Blaize during the 4th quarter worth about $29,000. Bank of Montreal Can acquired a new stake in shares of Blaize in the 4th quarter valued at about $30,000. Finally, Abel Hall LLC bought a new stake in Blaize in the 1st quarter valued at about $32,000. 97.12% of the stock is owned by institutional investors.

Blaize Stock Down 11.4%

NASDAQ BZAI opened at $0.76 on Thursday. Blaize has a twelve month low of $0.76 and a twelve month high of $6.76. The company has a market cap of $108.48 million, a price-to-earnings ratio of -1.02 and a beta of 0.08. The business’s fifty day moving average is $1.38 and its 200 day moving average is $1.52.

Blaize (NASDAQ:BZAI) last issued its earnings results on Thursday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Blaize had a negative return on equity of 551.04% and a negative net margin of 202.65%.The firm had revenue of $2.74 million during the quarter. On average, research analysts anticipate that Blaize will post -0.66 earnings per share 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.