Blaize (NASDAQ:BZAI) Sees Strong Trading Volume - Here's What Happened

Key Points

• Blaize Holdings, Inc. (NASDAQ:BZAI) experienced a significant surge in trading volume, with approximately 6.17 million shares traded, marking a 298% increase compared to the prior session.
• Analysts have varied opinions on Blaize, with ratings ranging from a Strong Buy to a Sell, and a consensus target price of $7.38.
• The company's stock price rose by 28.5%, closing at $5.08, following the recent quarterly earnings report which revealed a loss of $0.28 earnings per share.

Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 6,172,570 shares changed hands during mid-day trading, an increase of 298% from the previous session's volume of 1,552,255 shares.The stock last traded at $5.08 and had previously closed at $3.93.

Analyst Ratings Changes

Several research firms have weighed in on BZAI. Rosenblatt Securities reiterated a "buy" rating and set a $6.00 target price on shares of Blaize in a research note on Friday, August 15th. Zacks Research upgraded shares of Blaize to a "hold" rating in a research note on Wednesday, September 10th. Weiss Ratings restated a "sell (e+)" rating on shares of Blaize in a research note on Saturday, September 27th. Finally, B. Riley began coverage on Blaize in a report on Tuesday, September 9th. They set a "buy" rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Blaize has a consensus rating of "Moderate Buy" and an average target price of $7.38.

Blaize Trading Up 28.5%

The business has a 50-day moving average price of $3.59 and a 200-day moving average price of $3.00.

Blaize (NASDAQ:BZAI - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $1.98 million during the quarter. Blaize has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Institutional Investors Weigh In On Blaize

A number of institutional investors have recently made changes to their positions in BZAI. D.A. Davidson & CO. acquired a new stake in shares of Blaize in the 2nd quarter valued at approximately $54,000. Vontobel Holding Ltd. acquired a new stake in Blaize in the second quarter worth $60,000. HighTower Advisors LLC bought a new position in shares of Blaize during the first quarter worth $81,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Blaize in the 1st quarter valued at $123,000. Finally, XTX Topco Ltd bought a new stake in shares of Blaize in the 2nd quarter valued at $189,000. 97.12% of the stock is owned by institutional investors and hedge funds.

Blaize Company Profile

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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