Blaize (NASDAQ:BZAI) Trading Up 8.1% - Still a Buy?

Key Points

• Blaize Holdings, Inc. shares rose by 8.1% during a recent trading session, closing at $5.46 with increased trading volume.
• Analysts have given Blaize a consensus rating of Moderate Buy, with target prices ranging from $6.00 to $9.00 depending on the brokerage.
• Institutional investors hold 97.12% of Blaize's stock, indicating strong support from larger investors.

Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report)'s share price traded up 8.1% during trading on Tuesday . The stock traded as high as $5.65 and last traded at $5.46. 2,654,626 shares were traded during mid-day trading, an increase of 68% from the average session volume of 1,576,085 shares. The stock had previously closed at $5.05.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BZAI. Roth Capital began coverage on shares of Blaize in a research note on Tuesday. They issued a "buy" rating and a $8.50 price objective on the stock. Rosenblatt Securities restated a "buy" rating and set a $6.00 target price on shares of Blaize in a report on Friday, August 15th. Zacks Research raised Blaize to a "hold" rating in a report on Wednesday, September 10th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Blaize in a research report on Saturday, September 27th. Finally, B. Riley began coverage on Blaize in a report on Tuesday, September 9th. They issued a "buy" rating and a $9.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.60.

Blaize Stock Up 3.4%

The stock has a fifty day moving average price of $3.61 and a 200-day moving average price of $3.02.

Blaize (NASDAQ:BZAI - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.28) earnings per share for the quarter. The company 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 hedge funds and other institutional investors have recently added to or reduced their stakes in BZAI. Temasek Holdings Private Ltd purchased a new position in Blaize in the first quarter valued at about $12,833,000. Quarry LP acquired a new stake in shares of Blaize in the first quarter valued at about $1,364,000. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 3,031 shares during the period. ATW Spac Management LLC bought a new position in Blaize during the first quarter worth $694,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Blaize during the first quarter valued at about $644,000. Hedge funds and other institutional investors own 97.12% of the company's stock.

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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