NASDAQ:BLZE Backblaze (BLZE) Stock Price, News & Analysis → World’s biggest multibillionaire investor is buying THIS by the ton [picture] (From Stansberry Research) (Ad) Free BLZE Stock Alerts $8.96 -0.36 (-3.86%) (As of 04/25/2024 ET) Add Compare Share Share Today's Range$8.92▼$9.2050-Day Range$8.15▼$11.8352-Week Range$3.50▼$12.65Volume153,902 shsAverage Volume365,073 shsMarket Capitalization$369.15 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/Downside56.3% Upside$14.00 Price TargetShort InterestBearish5.09% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.31Based on 2 Articles This WeekInsider 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.1.86 out of 5 starsComputer And Technology Sector318th out of 586 stocksPrepackaged Software Industry108th out of 194 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 2.0 Short Interest Percentage of Shares Shorted5.09% of the float of Backblaze has been sold short.Short Interest Ratio / Days to CoverBackblaze has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Backblaze has recently increased by 8.06%, indicating that investor sentiment is decreasing 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 1.8 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 2 news articles 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 -5.43, 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 -5.43, 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 7.79. 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 Behind the MarketsThe World's First "$20 Trillion Drug?"One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!Get the name of the stock here >>> 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 | Behind the Markets (Ad)The World's First "$20 Trillion Drug?"One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!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 | Behind the Markets (Ad)The World's First "$20 Trillion Drug?"One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!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+55.4%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 / Sales3.64 Cash FlowN/A Price / Cash FlowN/A Book Value$1.15 per share Price / Book7.83Miscellaneous Outstanding Shares41,200,000Free Float39,058,000Market Cap$371.21 million OptionableOptionable Beta1.20 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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 analysts have issued "buy," "hold," and "sell" ratings for Backblaze in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street 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 1 year price targets 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 56.3% 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 shares have increased by 18.1% and is now trading at $8.96. View the best growth stocks for 2024 here. Are investors shorting Backblaze? Backblaze saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,340,000 shares, an increase of 8.1% from the March 31st total of 1,240,000 shares. Based on an average daily volume of 417,700 shares, the days-to-cover ratio is currently 3.2 days. Currently, 5.1% of the company's shares are short sold. 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) released its quarterly earnings data on Thursday, February, 15th. The company reported ($0.30) earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.04. The company had revenue of $28.74 million for the quarter, compared to analyst estimates 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 (EPS) 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 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 acted 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 PartnersConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingThese AI trades triggered this morning (545% return)Prosper Trading AcademyThe A.I. story nobody is telling you (Read ASAP)TradeSmithHe Is Giving Away BitcoinCrypto Swap ProfitsJim Cramer’s “The Biggest Drug Ever”Behind the MarketsYour Money is Not SafeAmerican AlternativeThe AI stock to buy right nowStockEarnings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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