Blaize Holdings, Inc. (NASDAQ:BZAI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $7.00.

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

Hedge Funds Weigh In On Blaize

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AlphaCore Capital LLC boosted its holdings in shares of Blaize by 597.0% in the 2nd quarter. AlphaCore Capital LLC now owns 69,700 shares of the company’s stock worth $208,000 after acquiring an additional 59,700 shares in the last quarter. Two Sigma Investments LP bought a new position in Blaize in the 3rd quarter valued at $159,000. Bridgeway Capital Management LLC acquired a new position in Blaize in the third quarter worth $172,000. Squarepoint Ops LLC acquired a new position in Blaize in the third quarter worth $443,000. Finally, UBS Group AG grew its holdings in shares of Blaize by 194.2% during the third quarter. UBS Group AG now owns 529,914 shares of the company’s stock worth $1,828,000 after purchasing an additional 349,808 shares during the last quarter. 97.12% of the stock is currently owned by institutional investors and hedge funds.

Blaize Price Performance

Shares of BZAI stock opened at $1.18 on Monday. The stock’s fifty day simple moving average is $1.70 and its 200 day simple moving average is $2.82. Blaize has a one year low of $1.08 and a one year high of $6.76. The firm has a market cap of $130.97 million, a price-to-earnings ratio of -1.66 and a beta of 0.35.

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.