Blaize (NASDAQ:BZAI) Upgraded at Zacks Research

Zacks Research upgraded shares of Blaize (NASDAQ:BZAI) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on the company. B. Riley Financial reduced their price objective on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a report on Friday, March 27th. Finally, Rosenblatt Securities restated a “buy” rating and set a $6.00 price target on shares of Blaize in a research report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Blaize currently has an average rating of “Moderate Buy” and a consensus target price of $6.00.

Blaize Trading Up 3.8%

Shares of Blaize stock opened at $1.89 on Monday. The business’s fifty day simple moving average is $1.31 and its 200 day simple moving average is $2.46. The firm has a market capitalization of $209.77 million and a P/E ratio of -0.87. Blaize has a 12 month low of $1.00 and a 12 month high of $6.76.

Hedge Funds Weigh In On Blaize

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Blaize in the fourth quarter worth $29,000. Aristides Capital LLC purchased a new position in shares of Blaize during the 4th quarter valued at $86,000. Virtu Financial LLC lifted its position in shares of Blaize by 179.1% during the 4th quarter. Virtu Financial LLC now owns 33,641 shares of the company’s stock valued at $66,000 after buying an additional 21,589 shares during the last quarter. Millennium Management LLC bought a new position in shares of Blaize during the 4th quarter worth $1,887,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Blaize during the 4th quarter worth $759,000. 97.12% of the stock is owned by institutional investors.

Blaize Company Profile

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.