NASDAQ:BLZE Backblaze (BLZE) Stock Price, News & Analysis → The Best AI Stock to Own in the World Today is Trading for Just $25 (From Banyan Hill Publishing) (Ad) Free BLZE Stock Alerts $9.32 0.00 (0.00%) (As of 04/24/2024 ET) Add Compare Share Share Today's Range$9.21▼$9.4350-Day Range$8.15▼$11.8352-Week Range$3.50▼$12.65Volume101,666 shsAverage Volume222,105 shsMarket Capitalization$383.98 millionP/E RatioN/ADividend YieldN/APrice Target$14.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Backblaze alerts: Email Address Backblaze MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside50.2% Upside$14.00 Price TargetShort InterestHealthy4.71% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$851,676 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.12) to ($0.85) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.66 out of 5 starsComputer And Technology Sector319th out of 587 stocksPrepackaged Software Industry110th out of 197 stocks 3.5 Analyst's Opinion Consensus RatingBackblaze has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageBackblaze has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted4.71% of the float of Backblaze has been sold short.Short Interest Ratio / Days to CoverBackblaze has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Backblaze has recently decreased by 12.68%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldBackblaze does not currently pay a dividend.Dividend GrowthBackblaze does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BLZE. Previous Next 1.3 News and Social Media Coverage News SentimentBackblaze has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.43 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Backblaze this week, compared to 1 article on an average week.Search InterestOnly 2 people have searched for BLZE on MarketBeat in the last 30 days. This is a decrease of -87% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Backblaze to their MarketBeat watchlist in the last 30 days. This is a decrease of -42% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Backblaze insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $851,676.00 in company stock.Percentage Held by InsidersOnly 5.20% of the stock of Backblaze is held by insiders.Percentage Held by Institutions54.03% of the stock of Backblaze is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Backblaze are expected to grow in the coming year, from ($1.12) to ($0.85) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Backblaze is -5.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Backblaze is -5.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBackblaze has a P/B Ratio of 8.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Schaeffer’s ResearchJust Released: Insider's Secret to Trading OptionsThis Surprisingly Simple Formula Can Double Your Money Collecting Consistent Profits From The Stock Market Is More Accessible Than You Think A small group of individuals are using a legitimate yet rarely discussed strategy to generate income from the stock market. They're NOT day traders. And they're NOT Wall Street suits either. I'm talking about normal "working stiffs" and retirees generating steady income from a source that 99% of investors completely overlook. This overlooked income source can be yours today.Yes! Show Me This Strategy About Backblaze Stock (NASDAQ:BLZE)Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.Read More BLZE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BLZE Stock News HeadlinesMarch 29, 2024 | insidertrades.comBackblaze, Inc. (NASDAQ:BLZE) VP Tina Cessna Sells 20,000 SharesApril 20, 2024 | finance.yahoo.comBackblaze, Inc. (BLZE)April 25, 2024 | Schaeffer’s Research (Ad)Just Released: Insider's Secret to Trading OptionsThis Surprisingly Simple Formula Can Double Your Money Collecting Consistent Profits From The Stock Market Is More Accessible Than You Think A small group of individuals are using a legitimate yet rarely discussed strategy to generate income from the stock market. They're NOT day traders. And they're NOT Wall Street suits either. I'm talking about normal "working stiffs" and retirees generating steady income from a source that 99% of investors completely overlook. This overlooked income source can be yours today.April 18, 2024 | americanbankingnews.comBackblaze (NASDAQ:BLZE) Price Target Increased to $13.00 by Analysts at OppenheimerApril 17, 2024 | globenewswire.comBackblaze to Announce First Quarter 2024 Results on May 8, 2024April 17, 2024 | morningstar.comBackblaze Inc Class AApril 17, 2024 | markets.businessinsider.comAssessing Backblaze: Insights From 4 Financial AnalystsApril 15, 2024 | finance.yahoo.comBackblaze Enables Automated Cloud Workflows With Event NotificationsApril 25, 2024 | Schaeffer’s Research (Ad)Just Released: Insider's Secret to Trading OptionsThis Surprisingly Simple Formula Can Double Your Money Collecting Consistent Profits From The Stock Market Is More Accessible Than You Think A small group of individuals are using a legitimate yet rarely discussed strategy to generate income from the stock market. They're NOT day traders. And they're NOT Wall Street suits either. I'm talking about normal "working stiffs" and retirees generating steady income from a source that 99% of investors completely overlook. This overlooked income source can be yours today.April 15, 2024 | globenewswire.comBackblaze Enables Automated Cloud Workflows With Event NotificationsApril 11, 2024 | globenewswire.comBackblaze Completes Trusted Partner Network Assessment, Receiving Blue Shield StatusApril 9, 2024 | finance.yahoo.comBackblaze Launches Next-Gen Cloud Workflow Tools, Security Announcements, and More at NAB 2024April 9, 2024 | globenewswire.comBackblaze Launches Next-Gen Cloud Workflow Tools, Security Announcements, and More at NAB 2024March 28, 2024 | globenewswire.comBackblaze Achieves StateRAMP Progressing Snapshot and TX-RAMP Provisional AuthorizationsMarch 21, 2024 | finance.yahoo.comBackblaze’s Solutions Now Available on Carahsoft’s NASPO ValuePoint ContractMarch 21, 2024 | globenewswire.comBackblaze's Solutions Now Available on Carahsoft's NASPO ValuePoint ContractMarch 17, 2024 | finance.yahoo.comA Look At The Fair Value Of Backblaze, Inc. (NASDAQ:BLZE)March 16, 2024 | finance.yahoo.comBLZE Oct 2024 20.000 callMarch 16, 2024 | finance.yahoo.comBLZE May 2024 15.000 callFebruary 24, 2024 | finance.yahoo.comBackblaze Inc CEO Gleb Budman Sells 150,000 SharesFebruary 19, 2024 | finance.yahoo.comAt US$11.83, Is It Time To Put Backblaze, Inc. (NASDAQ:BLZE) On Your Watch List?February 18, 2024 | finance.yahoo.comBLZE Mar 2024 12.500 putFebruary 17, 2024 | seekingalpha.comMVIS, IRDM and GRTS are among after hour moversFebruary 17, 2024 | finance.yahoo.comBLZE Mar 2024 10.000 callFebruary 16, 2024 | theglobeandmail.comWhy Backblaze Stock Skyrocketed TodayFebruary 16, 2024 | fool.comWhy Backblaze Stock Skyrocketed TodayFebruary 16, 2024 | finanznachrichten.deBackblaze, Inc.: Backblaze Announces Fourth Quarter and Full Year 2023 Financial ResultsSee More Headlines Receive BLZE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Backblaze and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/15/2024Today4/25/2024Next Earnings (Confirmed)5/08/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:BLZE CUSIPN/A CIK1462056 Webwww.backblaze.com Phone650-352-3738Fax650-472-8095Employees393Year FoundedN/APrice Target and Rating Average Stock Price Target$14.00 High Stock Price Target$18.00 Low Stock Price Target$11.00 Potential Upside/Downside+50.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($1.65) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-59,710,000.00 Net Margins-57.70% Pretax Margin-58.53% Return on Equity-105.94% Return on Assets-40.33% Debt Debt-to-Equity Ratio0.39 Current Ratio0.67 Quick Ratio0.67 Sales & Book Value Annual Sales$102.02 million Price / Sales3.76 Cash FlowN/A Price / Cash FlowN/A Book Value$1.15 per share Price / Book8.10Miscellaneous Outstanding Shares41,200,000Free Float39,058,000Market Cap$383.98 million OptionableOptionable Beta1.20 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Gleb Budman (Age 49)Co-Founder, CEO & Chairman Comp: $429.87kMr. Tim Nufire (Age 59)Co-Founder Mr. Brian Wilson (Age 56)Co-Founder Comp: $429.87kMr. Francis P. Patchel (Age 66)Chief Financial Officer Comp: $454.15kMr. Casey JonesCo-FounderMr. Hang Ng KwokCo-FounderMr. Nilay PatelCo-Founder & VP of SalesDamon UyedaCo-FounderMs. Anu PatilVice President of Revenue Strategy & OperationsMr. Brian BeachChief Technology OfficerMore ExecutivesKey CompetitorsCerenceNASDAQ:CRNCBigBear.aiNYSE:BBAIMiX TelematicsNYSE:MIXTAmerican SoftwareNASDAQ:AMSWAInnovidNYSE:CTVView All CompetitorsInsiders & InstitutionsTina CessnaSold 20,000 sharesTotal: $199,000.00 ($9.95/share)Francis P PatchelSold 3,434 sharesTotal: $33,790.56 ($9.84/share)Tina CessnaSold 2,129 sharesTotal: $20,949.36 ($9.84/share)Virtu Financial LLCBought 33,220 shares on 2/26/2024Ownership: 0.088%Gleb BudmanSold 50,000 sharesTotal: $533,000.00 ($10.66/share)View All Insider TransactionsView All Institutional Transactions BLZE Stock Analysis - Frequently Asked Questions Should I buy or sell Backblaze stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Backblaze in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BLZE shares. View BLZE analyst ratings or view top-rated stocks. What is Backblaze's stock price target for 2024? 4 Wall Street research analysts have issued twelve-month target prices for Backblaze's shares. Their BLZE share price targets range from $11.00 to $18.00. On average, they expect the company's share price to reach $14.00 in the next twelve months. This suggests a possible upside of 50.2% from the stock's current price. View analysts price targets for BLZE or view top-rated stocks among Wall Street analysts. How have BLZE shares performed in 2024? Backblaze's stock was trading at $7.59 at the beginning of 2024. Since then, BLZE stock has increased by 22.8% and is now trading at $9.32. View the best growth stocks for 2024 here. Are investors shorting Backblaze? Backblaze saw a decrease in short interest in March. As of March 31st, there was short interest totaling 1,240,000 shares, a decrease of 12.7% from the March 15th total of 1,420,000 shares. Based on an average daily volume of 402,300 shares, the days-to-cover ratio is presently 3.1 days. Currently, 4.7% of the shares of the stock are sold short. View Backblaze's Short Interest. When is Backblaze's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our BLZE earnings forecast. How can I listen to Backblaze's earnings call? Backblaze will be holding an earnings conference call on Wednesday, May 8th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link. How were Backblaze's earnings last quarter? Backblaze, Inc. (NASDAQ:BLZE) posted its earnings results on Thursday, February, 15th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $0.04. The company had revenue of $28.74 million for the quarter, compared to analysts' expectations of $28.18 million. Backblaze had a negative trailing twelve-month return on equity of 105.94% and a negative net margin of 57.70%. What guidance has Backblaze issued on next quarter's earnings? Backblaze updated its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $29.6 million-$30.0 million, compared to the consensus revenue estimate of $28.9 million. When did Backblaze IPO? Backblaze (BLZE) raised $101 million in an initial public offering (IPO) on Thursday, November 11th 2021. The company issued 6,300,000 shares at $15.00-$17.00 per share. Oppenheimer & Co., William Blair and Raymond James served as the underwriters for the IPO and JMP Securities, Lake Street and B. Riley Securities were co-managers. How do I buy shares of Backblaze? Shares of BLZE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:BLZE) was last updated on 4/25/2024 by MarketBeat.com Staff From Our PartnersThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingThis Apple-like Innovator is Revolutionizing HealthcareWall Street StarHe Is Giving Away BitcoinCrypto Swap ProfitsBitcoin Rockets To Record High But Buy THIS InsteadParadigm Presstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyPrepare for a recession unlike any otherAmerican Hartford Gold GroupRed Alert: Your Money's Disappearance Act - Banks' Greed Unleashed!Priority GoldThe #1 Crypto for 2024InvestorPlace Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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