Backblaze (BLZE) to Release Quarterly Earnings on Thursday

Key Points

• Backblaze (NASDAQ:BLZE) is scheduled to announce its Q2 2025 earnings on August 7th, with analysts predicting a loss of ($0.05) per share and projected revenue of $35.41 million.
• Recent institutional investments include MIRAE ASSET GLOBAL ETFS lifting its holdings by 17.6% and Goldman Sachs increasing its stake by 27.1%, with institutional investors owning 54.03% of the company's stock.
• Analysts have a consensus rating of "Buy" for Backblaze, with a price target averaging $9.88, following recent strong-buy recommendations from several research firms.

Backblaze (NASDAQ:BLZE - Get Free Report) is anticipated to release its Q2 2025 earnings data before the market opens on Thursday, August 7th. Analysts expect Backblaze to post earnings of ($0.05) per share and revenue of $35.41 million for the quarter.

Backblaze Stock Down 2.0%

BLZE stock traded down $0.10 during trading hours on Friday, hitting $4.89. The company's stock had a trading volume of 551,326 shares, compared to its average volume of 261,083. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $268.46 million, a PE ratio of -4.84 and a beta of 1.13. Backblaze has a 12 month low of $3.94 and a 12 month high of $8.08. The stock has a 50 day moving average price of $5.40 and a two-hundred day moving average price of $5.52.

Analyst Ratings Changes

Several research firms have commented on BLZE. JMP Securities assumed coverage on shares of Backblaze in a research report on Tuesday, June 24th. They issued a "market outperform" rating and a $7.00 target price for the company. Citizens Jmp assumed coverage on shares of Backblaze in a report on Tuesday, June 24th. They set a "strong-buy" rating and a $7.00 price objective for the company. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Backblaze presently has a consensus rating of "Buy" and a consensus price target of $9.88.

Hedge Funds Weigh In On Backblaze

Several large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 purchasing an additional 4,060 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in 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. AQR Capital Management LLC acquired a new position in Backblaze during the 1st quarter valued at $426,000. Finally, Millennium Management LLC raised its stake 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 purchasing an additional 202,609 shares during the last quarter. 54.03% of the stock is currently owned by institutional investors and hedge funds.

Backblaze Company Profile

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.