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) issued its quarterly earnings data on Thursday. The company reported ($0.28) earnings per share (EPS) for the quarter, Zacks reports. Blaize updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Blaize Trading Up 1.1%

Shares of NASDAQ BZAI traded up $0.04 during midday trading on Thursday, reaching $3.78. The company had a trading volume of 1,173,311 shares, compared to its average volume of 1,349,897. Blaize has a 1 year low of $1.70 and a 1 year high of $19.25. The company's 50-day moving average is $3.19.

Analyst Ratings Changes

Separately, Rosenblatt Securities raised shares of Blaize from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $3.00 to $6.00 in a report on Monday, July 21st.

Institutional Investors Weigh In On Blaize

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new stake in Blaize during the 1st quarter valued at approximately $348,000. Geode Capital Management LLC boosted its holdings in Blaize by 0.5% in the second 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 last quarter. Finally, XTX Topco Ltd acquired a new stake in Blaize during the 2nd quarter worth about $189,000. Hedge funds and other institutional investors own 97.12% of the company's stock.

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.

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