Blaize (NASDAQ:BZAI) Research Coverage Started at B. Riley

B. Riley initiated coverage on shares of Blaize (NASDAQ:BZAI) in a research report released on Monday, Marketbeat reports. The firm issued a buy rating and a $9.00 price objective on the stock.

Separately, Rosenblatt Securities reaffirmed a “buy” rating and set a $6.00 price target on shares of Blaize in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, Blaize currently has a consensus rating of “Buy” and an average price target of $7.38.

Blaize Trading Down 4.3%

Shares of BZAI stock opened at $3.34 on Monday. The company has a 50 day moving average price of $3.57 and a 200-day moving average price of $2.98. Blaize has a 52 week low of $1.70 and a 52 week high of $19.25.

Blaize (NASDAQ:BZAI) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.28) EPS for the quarter. The firm had revenue of $1.98 million for the quarter. Blaize has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Institutional Investors Weigh In On Blaize

Large investors have recently bought and sold shares of the business. Temasek Holdings Private Ltd bought a new stake in Blaize in the first quarter worth $12,833,000. Charles Schwab Investment Management Inc. bought a new position in Blaize during the first quarter valued at $644,000. Quarry LP bought a new position in Blaize during the first quarter valued at $1,364,000. ATW Spac Management LLC bought a new position in Blaize during the first quarter valued at $694,000. Finally, HighTower Advisors LLC bought a new position in Blaize during the first quarter valued at $81,000. Institutional investors own 97.12% of the company’s stock.

About Blaize

Blaize® has created a transformative new compute solution that unites silicon and software to optimize AI from the edge to the core. We’re partnering with customers to transform their products so they can deliver better experiences and better lives.