Blaize (NASDAQ:BZAI) Rating Increased to Hold at Wall Street Zen

Blaize (NASDAQ:BZAI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other brokerages also recently weighed in on BZAI. Rosenblatt Securities reiterated a “buy” rating and issued a $6.00 price target on shares of Blaize in a report on Wednesday, March 25th. B. Riley Financial cut their price target on Blaize from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Zacks Research raised shares of Blaize from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Blaize presently has an average rating of “Moderate Buy” and an average target price of $6.50.

Blaize Price Performance

NASDAQ BZAI opened at $2.09 on Friday. The stock’s fifty day moving average price is $1.34 and its 200 day moving average price is $2.40. Blaize has a 1 year low of $1.00 and a 1 year high of $6.76. The company has a market cap of $256.55 million and a price-to-earnings ratio of -0.96.

Insider Transactions at Blaize

In other Blaize news, Director Anthony Cannestra sold 50,000 shares of Blaize stock in a transaction on Monday, April 6th. The shares were sold at an average price of $1.75, for a total transaction of $87,500.00. Following the sale, the director owned 50,000 shares of the company’s stock, valued at $87,500. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Blaize by 301.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock worth $12,379,000 after acquiring an additional 2,695,204 shares during the period. Millennium Management LLC purchased a new stake in shares of Blaize in the 4th quarter valued at approximately $1,887,000. UBS Group AG raised its position in shares of Blaize by 153.4% during the 4th quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock valued at $2,619,000 after buying an additional 813,121 shares during the period. Cantor Fitzgerald L. P. acquired a new position in Blaize in the fourth quarter valued at approximately $1,500,000. Finally, Polar Asset Management Partners Inc. purchased a new position in Blaize in the fourth quarter worth approximately $759,000. 97.12% of the stock is currently 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.