NASDAQ:BLZE Backblaze (BLZE) Stock Price, News & Analysis → Central Bank Gold Heist In Progress (From Colonial Metals) (Ad) Free BLZE Stock Alerts $10.40 +0.03 (+0.29%) (As of 08:35 AM ET) Add Compare Share Share Today's Range$10.40▼$10.4050-Day Range$7.04▼$11.8352-Week Range$3.50▼$12.65Volume124 shsAverage Volume427,989 shsMarket Capitalization$391.04 millionP/E RatioN/ADividend YieldN/APrice Target$12.40 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/Downside19.6% Upside$12.40 Price TargetShort InterestBearish5.36% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.79Based on 5 Articles This WeekInsider TradingSelling Shares$934,276 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.1.70 out of 5 starsComputer And Technology Sector452nd out of 606 stocksPrepackaged Software Industry162nd out of 206 stocks 2.5 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 5 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.40, Backblaze has a forecasted upside of 19.6% from its current price of $10.37.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 Shorted5.36% of the float of Backblaze has been sold short.Short Interest Ratio / Days to CoverBackblaze has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Backblaze has recently increased by 70.46%, 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 3.8 News and Social Media Coverage News SentimentBackblaze has a news sentiment score of 0.79. 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 higher news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Backblaze this week, compared to 1 article on an average week.Search Interest15 people have searched for BLZE on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat Follows17 people have added Backblaze to their MarketBeat watchlist in the last 30 days. This is an increase of 240% compared to the previous 30 days. Previous Next 2.5 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 $934,276.00 in company stock.Percentage Held by Insiders27.14% of the stock of Backblaze is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 15.23% of the stock of Backblaze is held by institutions. 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 -6.28, 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 -6.28, 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 5.03. 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 Porter & CompanyThe world’s greatest investmentI believe this could change your life forever. I’m talking about transforming everything for you, financially. You see, a rare market anomaly has emerged that I believe is going to make some people very wealthy. Almost nobody in the mainstream media or Wall Street has connected the dots on what’s going on, but that ignorance won’t last for long. When they wake up to this situation, billions of dollars will flood in.Click here now to sign up 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 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 19, 2024 | Weiss Ratings (Ad)The ONE AI sSock to own now. (It’s not Nvidia.)Don’t panic — you haven’t missed the boat on AI. In fact, it has barely launched. Sure, the early stages of this boom were big … But I believe the real wealth in AI has yet to be made …March 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 moversMarch 19, 2024 | Weiss Ratings (Ad)The ONE AI sSock to own now. (It’s not Nvidia.)Don’t panic — you haven’t missed the boat on AI. In fact, it has barely launched. Sure, the early stages of this boom were big … But I believe the real wealth in AI has yet to be made …February 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 ResultsFebruary 16, 2024 | finance.yahoo.comBackblaze, Inc. (NASDAQ:BLZE) Q4 2023 Earnings Call TranscriptFebruary 15, 2024 | seekingalpha.comAPLT, BLZE and CORZZ are among after hour moversFebruary 15, 2024 | benzinga.comBackblaze: Q4 Earnings InsightsFebruary 15, 2024 | finance.yahoo.comBackblaze Announces Fourth Quarter and Full Year 2023 Financial ResultsFebruary 15, 2024 | finance.yahoo.comBackblaze Inc (BLZE) Reports Revenue Growth and Adjusted EBITDA Profitability in Q4 2023February 15, 2024 | globenewswire.comBackblaze Announces Fourth Quarter and Full Year 2023 Financial ResultsFebruary 14, 2024 | benzinga.comPreview: Backblaze's EarningsFebruary 9, 2024 | seekingalpha.comBackblaze: Lacking A Competitive Offering As Losses AccumulateFebruary 7, 2024 | finance.yahoo.comBackblaze, Inc. (BLZE) Moves 8.6% Higher: Will This Strength Last?February 6, 2024 | finance.yahoo.comBackblaze Launches Powered by Backblaze to Enable Platform Providers to Offer Cloud StorageFebruary 5, 2024 | benzinga.comBackblaze Stock (NASDAQ:BLZE) Dividends: History, Yield and DatesJanuary 25, 2024 | finance.yahoo.comBackblaze to Announce Fourth Quarter and Fiscal Year 2023 Results on February 15, 2024January 23, 2024 | finance.yahoo.comBackblaze Names David Ngo Chief Product OfficerJanuary 17, 2024 | finance.yahoo.comBackblaze Launches Enterprise Control to Support Advanced Administration and Data Protection NeedsSee 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 Earnings2/15/2024Today3/18/2024Next Earnings (Estimated)5/14/2024Fiscal 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$12.40 High Stock Price Target$18.00 Low Stock Price Target$8.00 Potential Upside/Downside+19.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($1.65) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-58,860,000.00 Net Margins-57.70% Pretax Margin-64.41% Return on Equity-101.48% Return on Assets-39.91% Debt Debt-to-Equity Ratio0.30 Current Ratio0.74 Quick Ratio0.74 Sales & Book Value Annual Sales$102.02 million Price / Sales3.82 Cash FlowN/A Price / Cash FlowN/A Book Value$2.06 per share Price / Book5.03Miscellaneous Outstanding Shares37,600,000Free Float27,395,000Market Cap$389.91 million OptionableOptionable Beta1.22 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. 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 CompetitorsCS DiscoNYSE:LAWPorch GroupNASDAQ:PRCHAmerican SoftwareNASDAQ:AMSWABigBear.aiNYSE:BBAIDomoNASDAQ:DOMOView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Bought 132,263 shares on 3/11/2024Ownership: 4.354%Goldman Sachs Group Inc.Sold 8,388 shares on 3/1/2024Ownership: 0.110%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%View All Insider TransactionsView All Institutional Transactions BLZE Stock Analysis - Frequently Asked Questions Should I buy or sell Backblaze stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Backblaze in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities 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? 5 Wall Street research analysts have issued 12-month price targets for Backblaze's stock. Their BLZE share price targets range from $8.00 to $18.00. On average, they expect the company's share price to reach $12.40 in the next twelve months. This suggests a possible upside of 19.6% 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 on January 1st, 2024. Since then, BLZE shares have increased by 36.6% and is now trading at $10.37. View the best growth stocks for 2024 here. Are investors shorting Backblaze? Backblaze saw a increase in short interest in the month of February. As of February 29th, there was short interest totaling 1,340,000 shares, an increase of 70.5% from the February 14th total of 786,100 shares. Based on an average trading volume of 403,800 shares, the days-to-cover ratio is currently 3.3 days. Approximately 5.4% 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 Tuesday, May 14th 2024. View our BLZE earnings forecast. How were Backblaze's earnings last quarter? Backblaze, Inc. (NASDAQ:BLZE) issued its quarterly earnings results on Thursday, February, 15th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.04. The business had revenue of $28.74 million for the quarter, compared to the consensus estimate of $28.18 million. Backblaze had a negative net margin of 57.70% and a negative trailing twelve-month return on equity of 101.48%. What ETF holds Backblaze's stock? Gabelli Automation ETF holds 4,427 shares of BLZE stock, representing 0.64% of its portfolio. What guidance has Backblaze issued on next quarter's earnings? Backblaze issued an update on 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? (BLZE) raised $101 million in an initial public offering 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. Who are Backblaze's major shareholders? Backblaze's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.35%), Vanguard Group Inc. (4.35%), First Eagle Investment Management LLC (1.75%), Gilder Gagnon Howe & Co. LLC (0.93%), Scalar Gauge Management LLC (0.59%) and GSA Capital Partners LLP (0.25%). Insiders that own company stock include Brian K Wilson, Charles J Jones, Francis P Patchel, Gleb Budman, Kwok Hang Ng, Timothy M Nufire, Tina Cessna and Tmt Investments Plc. View institutional ownership trends. 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 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial MetalsLike Tiny Crypto Retirement FundsCrypto 101 MediaThe world’s greatest investmentPorter & CompanyBiden out June 13?Paradigm PressMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academytop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders Agency 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. Adding Backblaze, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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