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

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.60.

A number of brokerages have recently commented on BZAI. Roth Capital initiated coverage on Blaize in a report on Tuesday, October 7th. They set a “buy” rating and a $8.50 price target for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a research report on Monday, December 29th.

Blaize Stock Performance

NASDAQ BZAI opened at $2.13 on Friday. The stock has a 50-day simple moving average of $2.40 and a 200 day simple moving average of $3.29. Blaize has a twelve month low of $1.70 and a twelve month high of $19.25. The stock has a market capitalization of $236.40 million, a PE ratio of -3.00 and a beta of 0.34.

Institutional Investors Weigh In On Blaize

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc bought a new position in Blaize during the third quarter valued at about $26,000. Virtu Financial LLC bought a new stake in shares of Blaize in the 3rd quarter worth approximately $42,000. ProShare Advisors LLC acquired a new stake in shares of Blaize during the 3rd quarter worth approximately $43,000. Voya Investment Management LLC bought a new stake in shares of Blaize during the third quarter valued at approximately $44,000. Finally, Strs Ohio bought a new stake in shares of Blaize during the third quarter valued at approximately $46,000. Institutional investors own 97.12% of the company’s stock.

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.