Blaize Holdings, Inc. (NASDAQ:BZAI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $7.60.

BZAI has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a research note on Monday, December 29th. Roth Capital began coverage on Blaize in a research note on Tuesday, October 7th. They issued a “buy” rating and a $8.50 price target for the company.

Blaize Stock Performance

NASDAQ BZAI opened at $2.13 on Friday. Blaize has a 1-year low of $1.70 and a 1-year high of $19.25. The firm’s fifty day simple moving average is $2.40 and its 200-day simple moving average is $3.29. The company has a market capitalization of $236.40 million, a PE ratio of -3.00 and a beta of 0.34.

Hedge Funds Weigh In On Blaize

Several hedge funds have recently bought and sold shares of the business. Legal & General Group Plc bought a new stake in Blaize during the third quarter worth approximately $26,000. Virtu Financial LLC acquired a new stake in shares of Blaize in the third quarter worth $42,000. ProShare Advisors LLC bought a new stake in shares of Blaize during the 3rd quarter worth $43,000. Voya Investment Management LLC acquired a new position in Blaize in the 3rd quarter valued at $44,000. Finally, Strs Ohio acquired a new position in Blaize in the 3rd quarter valued at $46,000. 97.12% of the stock is owned by institutional investors and hedge funds.

About Blaize

Blaize (NASDAQ: BZAI) is a fabless semiconductor company that designs and develops hardware and software solutions for artificial intelligence (AI) and machine learning applications at the edge. The company’s core technology is centered on its proprietary Graph Streaming Processor (GSP) architecture, which combines dataflow computing with a highly parallel matrix processing engine to deliver real-time AI inference with low power consumption. Blaize’s platform is aimed at customers seeking to deploy sophisticated AI workloads in environments where power efficiency, latency and form factor are critical.

The company offers a hardware portfolio that includes standalone GSP modules, PCIe cards and M.2 form-factor boards, alongside its Blaize AI software stack.