Backblaze (NASDAQ:BLZE - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Thursday, August 7th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $35.41 million for the quarter.
Backblaze Price Performance
Shares of NASDAQ:BLZE traded up $0.21 during trading on Monday, reaching $5.10. The company had a trading volume of 146,875 shares, compared to its average volume of 424,737. The company has a fifty day moving average of $5.40 and a two-hundred day moving average of $5.51. The stock has a market capitalization of $280.10 million, a P/E ratio of -5.04 and a beta of 1.13. Backblaze has a 12 month low of $3.94 and a 12 month high of $8.08. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.21.
Wall Street Analyst Weigh In
BLZE has been the topic of a number of research analyst reports. JMP Securities initiated coverage on shares of Backblaze in a report on Tuesday, June 24th. They issued a "market outperform" rating and a $7.00 price target on the stock. Citizens Jmp started coverage on shares of Backblaze in a report on Tuesday, June 24th. They set a "strong-buy" rating and a $7.00 target price on the stock. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $9.88.
Check Out Our Latest Report on BLZE
Hedge Funds Weigh In On Backblaze
Several institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in shares of Backblaze by 27.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 261,610 shares of the company's stock valued at $1,264,000 after purchasing an additional 55,720 shares during the last quarter. Millennium Management LLC boosted its position in Backblaze by 32.5% during the 1st quarter. Millennium Management LLC now owns 825,422 shares of the company's stock valued at $3,987,000 after buying an additional 202,609 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Backblaze by 17.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,094 shares of the company's stock valued at $131,000 after buying an additional 4,060 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Backblaze during the 1st quarter valued at $426,000. Institutional investors own 54.03% of the company's stock.
About Backblaze
(
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Backblaze, Inc, a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.
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