AlphaCore Capital LLC Boosts Stake in Blaize Holdings, Inc. $BZAI

AlphaCore Capital LLC lifted its holdings in Blaize Holdings, Inc. (NASDAQ:BZAI) by 597.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,700 shares of the company’s stock after buying an additional 59,700 shares during the quarter. AlphaCore Capital LLC owned approximately 0.07% of Blaize worth $208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. D.A. Davidson & CO. purchased a new position in shares of Blaize during the second quarter worth approximately $54,000. Vontobel Holding Ltd. bought a new position in Blaize in the second quarter worth approximately $60,000. HighTower Advisors LLC bought a new position in Blaize in the first quarter worth approximately $81,000. OMERS ADMINISTRATION Corp purchased a new position in Blaize during the 1st quarter worth $123,000. Finally, Goldman Sachs Group Inc. bought a new stake in Blaize during the 1st quarter valued at $348,000. 97.12% of the stock is owned by institutional investors.

Blaize Stock Performance

Shares of NASDAQ BZAI opened at $2.36 on Wednesday. Blaize Holdings, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $19.25. The company has a market cap of $261.94 million, a PE ratio of -3.32 and a beta of 0.29. The business has a 50-day simple moving average of $3.80 and a two-hundred day simple moving average of $3.34.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BZAI shares. Rosenblatt Securities restated a “buy” rating and set a $6.00 price target on shares of Blaize in a research note on Friday, August 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a research report on Monday. Roth Capital started coverage on shares of Blaize in a report on Tuesday, October 7th. They issued a “buy” rating and a $8.50 price target for the company. Zacks Research raised shares of Blaize to a “hold” rating in a research report on Wednesday, September 10th. Finally, B. Riley initiated coverage on shares of Blaize in a report on Tuesday, September 9th. They set a “buy” rating and a $9.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Blaize has a consensus rating of “Moderate Buy” and a consensus price target of $7.60.

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.