Wall Street Zen Upgrades Blaize (NASDAQ:BZAI) to “Hold”
by Scott Moore · The Cerbat GemBlaize (NASDAQ:BZAI – Get Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.
Other analysts have also issued research reports about the stock. Rosenblatt Securities reiterated a “buy” rating and set a $6.00 price target on shares of Blaize in a research report on Wednesday, March 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research report on Friday, March 27th. B. Riley Financial reduced their price target on shares of Blaize from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Finally, Zacks Research upgraded shares of Blaize from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.50.
Check Out Our Latest Report on Blaize
Blaize Price Performance
Shares of NASDAQ BZAI opened at $2.09 on Friday. The stock has a market capitalization of $256.55 million and a PE ratio of -0.96. The business has a fifty day moving average price of $1.34 and a two-hundred day moving average price of $2.38. Blaize has a fifty-two week low of $1.00 and a fifty-two week high of $6.76.
Insider Transactions at Blaize
In other Blaize news, Director Anthony Cannestra sold 50,000 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $1.75, for a total value of $87,500.00. Following the completion of the transaction, the director owned 50,000 shares of the company’s stock, valued at $87,500. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.40% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Blaize
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Blaize by 301.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock valued at $12,379,000 after buying an additional 2,695,204 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Blaize by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 1,536,900 shares of the company’s stock valued at $2,997,000 after buying an additional 66,178 shares during the last quarter. UBS Group AG grew its position in shares of Blaize by 153.4% in the 4th quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock valued at $2,619,000 after buying an additional 813,121 shares during the last quarter. State Street Corp grew its position in shares of Blaize by 2.3% in the 4th quarter. State Street Corp now owns 1,292,591 shares of the company’s stock valued at $2,521,000 after buying an additional 29,222 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Blaize in the 4th quarter valued at about $1,887,000. Institutional investors own 97.12% of the company’s stock.
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.