Blaize (NASDAQ:BZAI) Issues Earnings Results

Key Points

• Blaize reported a quarterly earnings per share (EPS) loss of ($0.28) and updated its FY 2025 guidance.
• The company's shares saw a slight increase, trading up 1.1% to $3.78 during midday trading, with high trading volume.
• Rosenblatt Securities upgraded Blaize's rating from "neutral" to "buy" and raised its price target for the stock from $3.00 to $6.00.

Blaize (NASDAQ:BZAI - Get Free Report) announced its earnings results on Thursday. The company reported ($0.28) EPS for the quarter, Zacks reports. The business had revenue of $1.98 million during the quarter. Blaize updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Blaize Stock Down 1.4%

Shares of NASDAQ:BZAI traded down $0.05 during midday trading on Tuesday, reaching $3.47. The company's stock had a trading volume of 943,186 shares, compared to its average volume of 1,642,775. The firm has a 50 day moving average price of $3.28 and a two-hundred day moving average price of $3.03. Blaize has a fifty-two week low of $1.70 and a fifty-two week high of $19.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BZAI. Goldman Sachs Group Inc. acquired a new position in shares of Blaize in the 1st quarter valued at about $348,000. Geode Capital Management LLC lifted its stake in shares of Blaize by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 655,679 shares of the company's stock valued at $1,955,000 after purchasing an additional 3,031 shares during the period. XTX Topco Ltd acquired a new position in shares of Blaize in the 2nd quarter valued at about $189,000. Finally, AQR Arbitrage LLC acquired a new position in shares of Blaize in the 2nd quarter valued at about $298,000. 97.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reaffirmed a "buy" rating and set a $6.00 target price on shares of Blaize in a report on Friday. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $6.83.

About Blaize

Blaize® has created a transformative new compute solution that unites silicon and software to optimize AI from the edge to the core. We're partnering with customers to transform their products so they can deliver better experiences and better lives.