Blaize (NASDAQ:BZAI) Shares Up 5.2% - What's Next?

Key Points

• Blaize Holdings, Inc. shares rose by 5.2% to $3.65, although trading volume hit only 530,000 shares, significantly down from the average of 1,431,395 shares.
• Analysts maintain a positive outlook for Blaize, with a "buy" rating and a consensus price target of $6.83, indicating expected growth potential.
• Institutional investors dominate company ownership, holding 97.12% of shares, with significant recent investments and acquisitions reported in the 2nd quarter.

Shares of Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) shot up 5.2% on Thursday . The company traded as high as $3.72 and last traded at $3.65. 530,000 shares changed hands during trading, a decline of 63% from the average session volume of 1,431,395 shares. The stock had previously closed at $3.47.

Analyst Ratings Changes

Separately, Rosenblatt Securities reissued a "buy" rating and set a $6.00 price objective on shares of Blaize in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $6.83.

Blaize Trading Up 5.2%

The business's fifty day simple moving average is $3.32 and its two-hundred day simple moving average is $3.04.

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

Hedge Funds Weigh In On Blaize

A number of institutional investors have recently modified their holdings of the business. AQR Arbitrage LLC acquired a new position in shares of Blaize in the 2nd quarter valued at $298,000. XTX Topco Ltd acquired a new position in shares of Blaize in the 2nd quarter valued at $189,000. AlphaCore Capital LLC increased its holdings in shares of Blaize by 597.0% in the 2nd quarter. AlphaCore Capital LLC now owns 69,700 shares of the company's stock valued at $208,000 after acquiring an additional 59,700 shares during the period. Geode Capital Management LLC increased its holdings 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 acquiring an additional 3,031 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in shares of Blaize in the 2nd quarter valued at $54,000. 97.12% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.