Blaize Sees Unusually High Options Volume (NASDAQ:BZAI)

Blaize Holdings, Inc. (NASDAQ:BZAI) was the recipient of some unusual options trading on Monday. Stock traders bought 4,661 call options on the stock. This represents an increase of approximately 197% compared to the average volume of 1,571 call options.

Blaize Trading Down 2.3%

NASDAQ:BZAI opened at $2.10 on Wednesday. The stock has a market capitalization of $233.08 million, a PE ratio of -2.96 and a beta of 0.34. Blaize has a 1-year low of $1.70 and a 1-year high of $19.25. The firm has a fifty day simple moving average of $2.51 and a 200 day simple moving average of $3.31.

Institutional Investors Weigh In On Blaize

Institutional investors and hedge funds have recently modified their holdings of the company. Temasek Holdings Private Ltd bought a new position in Blaize during the first quarter worth about $12,833,000. Vanguard Group Inc. raised its stake in Blaize by 301.9% in the third quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock valued at $12,379,000 after buying an additional 2,695,204 shares during the period. UBS Group AG lifted its position in shares of Blaize by 194.2% in the third quarter. UBS Group AG now owns 529,914 shares of the company’s stock valued at $1,828,000 after buying an additional 349,808 shares during the last quarter. RK Capital Management LLC FL bought a new position in shares of Blaize during the 3rd quarter worth approximately $844,000. Finally, Raymond James Financial Inc. increased its holdings in shares of Blaize by 93,097.5% during the 3rd quarter. Raymond James Financial Inc. now owns 186,395 shares of the company’s stock worth $643,000 after acquiring an additional 186,195 shares during the last quarter. 97.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BZAI. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a research note on Monday, December 29th. B. Riley started coverage on shares of Blaize in a research report on Tuesday, September 9th. They issued a “buy” rating and a $9.00 target price for the company. Roth Capital started coverage on shares of Blaize in a research note on Tuesday, October 7th. They issued a “buy” rating and a $8.50 price target on the stock. Finally, Zacks Research upgraded shares of Blaize to a “hold” rating in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.60.

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.