Blaize Holdings, Inc. (NASDAQ:BZAI) Stock Rated “Hold” by Sell-Side Analysts

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $1.98.

Several research firms have recently weighed in on BZAI. Craig Hallum lowered Blaize from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. B. Riley Financial dropped their target price on Blaize from $4.00 to $2.00 and set a “buy” rating for the company in a report on Friday, August 14th. Rosenblatt Securities downgraded Blaize from a “buy” rating to a “hold” rating and set a $0.40 target price for the company. in a research report on Tuesday, October 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a research note on Monday, September 21st. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $1.00 price target (down from $3.00) on shares of Blaize in a research note on Friday, August 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Spark Investment Management LLC acquired a new stake in shares of Blaize in the 2nd quarter valued at $42,000. Corient Private Wealth LP bought a new stake in shares of Blaize in the 2nd quarter worth about $28,000. Bank of America Corp DE bought a new stake in shares of Blaize in the 2nd quarter worth about $100,000. EFG International AG acquired a new stake in shares of Blaize during the 2nd quarter worth about $594,000. Finally, X Square Capital LLC acquired a new stake in shares of Blaize during the 2nd quarter worth about $276,000. 97.12% of the stock is currently owned by institutional investors and hedge funds.

Blaize Stock Down 8.3%

NASDAQ BZAI opened at $0.25 on Tuesday. The stock has a market cap of $36.50 million, a P/E ratio of -0.37 and a beta of 0.08. The company’s 50-day simple moving average is $0.52 and its 200 day simple moving average is $1.18. Blaize has a twelve month low of $0.23 and a twelve month high of $5.37.

Blaize (NASDAQ:BZAI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.01). The business had revenue of $11.99 million during the quarter. Blaize had a negative return on equity of 306.51% and a negative net margin of 160.85%. Research analysts anticipate that Blaize will post -0.76 earnings per share for the current year.

Blaize Company Profile

Blaize, Inc is an artificial intelligence computing company that develops hardware and software for running AI applications at the edge. Its technology is designed to process data locally on devices and systems, reducing the need to send information to centralized cloud infrastructure and supporting applications that require low latency, lower power consumption, or enhanced data privacy.

The company’s offerings include purpose-built edge AI processors, embedded computing platforms, and software tools for developing and deploying machine-learning models.