Goldman Sachs Group Inc. Acquires New Holdings in Blaize Holdings, Inc. $BZAI

Key Points

• Goldman Sachs Group Inc. has acquired a new position in Blaize Holdings, Inc., purchasing 172,157 shares valued at approximately $348,000 during the first quarter.
• Analysts have issued a mix of ratings for Blaize, with an average rating of "Buy" and a consensus target price of $7.38, despite current trading at $3.90.
• Institutional investors own approximately 97.12% of Blaize's stock, reflecting strong interest from large investment firms.

Goldman Sachs Group Inc. purchased a new position in Blaize Holdings, Inc. (NASDAQ:BZAI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 172,157 shares of the company's stock, valued at approximately $348,000. Goldman Sachs Group Inc. owned about 0.17% of Blaize as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Temasek Holdings Private Ltd bought a new position in Blaize in the first quarter valued at about $12,833,000. Quarry LP purchased a new stake in shares of Blaize during the first quarter valued at approximately $1,364,000. OMERS ADMINISTRATION Corp purchased a new position in Blaize during the first quarter worth about $123,000. ATW Spac Management LLC bought a new stake in shares of Blaize in the 1st quarter valued at about $694,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Blaize in the 1st quarter worth approximately $81,000. Institutional investors own 97.12% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. B. Riley started coverage on Blaize in a research report on Tuesday, September 9th. They set a "buy" rating and a $9.00 target price for the company. Zacks Research upgraded shares of Blaize to a "hold" rating in a research note on Wednesday, September 10th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $6.00 price target on shares of Blaize in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Blaize has an average rating of "Buy" and a consensus target price of $7.38.

Blaize Price Performance

Shares of NASDAQ BZAI opened at $3.90 on Friday. The business's fifty day moving average price is $3.69 and its 200-day moving average price is $3.00. Blaize Holdings, Inc. has a one year low of $1.70 and a one year high of $19.25.

Blaize (NASDAQ:BZAI - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.28) EPS 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.

Blaize 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.

Want to see what other hedge funds are holding BZAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blaize Holdings, Inc. (NASDAQ:BZAI - Free Report).

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.