Positive News SentimentPositive NewsNASDAQ:BLZE Backblaze (BLZE) Stock Forecast, Price & News $5.97 0.00 (0.00%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$5.94▼$6.1550-Day Range$4.26▼$6.9852-Week Range$3.50▼$8.19Volume129,373 shsAverage Volume319,344 shsMarket Capitalization$215.52 millionP/E RatioN/ADividend YieldN/APrice Target$11.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Backblaze MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside84.3% Upside$11.00 Price TargetShort InterestHealthy0.83% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$651,731 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.49) to ($1.19) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.55 out of 5 starsComputer And Technology Sector305th out of 589 stocksPrepackaged Software Industry88th out of 205 stocks 3.5 Analyst's Opinion Consensus RatingBackblaze has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.00, Backblaze has a forecasted upside of 84.3% from its current price of $5.97.Amount of Analyst CoverageBackblaze has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.83% of the float of Backblaze has been sold short.Short Interest Ratio / Days to CoverBackblaze has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Backblaze has recently decreased by 24.43%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldBackblaze does not currently pay a dividend.Dividend GrowthBackblaze does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BLZE. Previous Next 3.7 News and Social Media Coverage News SentimentBackblaze has a news sentiment score of 1.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Backblaze this week, compared to 1 article on an average week.Search Interest11 people have searched for BLZE on MarketBeat in the last 30 days. MarketBeat Follows4 people have added Backblaze to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Backblaze insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $651,731.00 in company stock.Percentage Held by Insiders27.14% of the stock of Backblaze is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 15.23% of the stock of Backblaze is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Backblaze are expected to grow in the coming year, from ($1.49) to ($1.19) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Backblaze is -3.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Backblaze is -3.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBackblaze has a P/B Ratio of 2.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Backblaze (NASDAQ:BLZE) StockBackblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.Read More BLZE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BLZE Stock News HeadlinesSeptember 13, 2023 | finance.yahoo.comBackblaze Debuts Computer Backup v9.0 Including Restore AppSeptember 1, 2023 | markets.businessinsider.comBackblaze (BLZE) Receives a Buy from JMP SecuritiesSeptember 23, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.August 29, 2023 | finance.yahoo.comQencode and Backblaze Scale Up With Integrated Cloud Storage Powered by Backblaze B2 Partner APIAugust 25, 2023 | finance.yahoo.comHow Much Upside is Left in Backblaze, Inc. (BLZE)? Wall Street Analysts Think 102.65%August 24, 2023 | markets.businessinsider.comCraig-Hallum Reaffirms Their Buy Rating on Backblaze (BLZE)August 24, 2023 | finanznachrichten.deBackblaze, Inc.: Backblaze Improves 2023 Financial GuidanceAugust 23, 2023 | finance.yahoo.comBackblaze Improves 2023 Financial GuidanceSeptember 23, 2023 | Altimetry (Ad)Biden's latest bailout--terrible for America?And a consultant for the Dept. of Defense (Joel Litman) says this is all leading to an event in the next 20 months that could help some get vastly wealthier… but also make it harder than ever to hang onto any money you make.This might be the most important development affecting you and your money over the next few years—August 15, 2023 | finance.yahoo.comBackblaze Taps Chris Opat to Lead Cloud OperationsAugust 9, 2023 | msn.comRaymond James Maintains Backblaze Inc - (BLZE) Outperform RecommendationAugust 9, 2023 | msn.comOppenheimer Reiterates Backblaze Inc - (BLZE) Outperform RecommendationAugust 8, 2023 | finance.yahoo.comBackblaze Announces Second Quarter 2023 Financial ResultsAugust 8, 2023 | finance.yahoo.comBackblaze, Inc. (BLZE) Reports Q2 Loss, Tops Revenue EstimatesAugust 4, 2023 | msn.comBackblaze: Cloudy Outlook For The Cloud PlayerAugust 1, 2023 | fool.comBackblaze (NASDAQ: BLZE)July 18, 2023 | finance.yahoo.comBackblaze to Announce Second Quarter 2023 Results on August 8, 2023July 14, 2023 | finance.yahoo.comRetail investors invested in Backblaze, Inc. (NASDAQ:BLZE) up 11% last week, insiders too were rewardedJuly 6, 2023 | msn.comBackblaze ditches dual-class structure of sharesJuly 6, 2023 | finance.yahoo.comBackblaze Stockholders Approve Plan to Eliminate Dual-Class Share StructureMay 29, 2023 | finance.yahoo.comThe past year for Backblaze (NASDAQ:BLZE) investors has not been profitableMay 22, 2023 | finance.yahoo.comContinuity Centers Announces Cloud Instant Business Recovery, Built on Backblaze B2 Cloud StorageMay 11, 2023 | msn.comJMP Securities Reiterates Backblaze Inc - (BLZE) Market Outperform RecommendationMay 11, 2023 | markets.businessinsider.comAnalyst Expectations for Backblaze's FutureMay 11, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Alphabet Class A (GOOGL), Paycor HCM (PYCR) and Backblaze (BLZE)May 10, 2023 | markets.businessinsider.comLake Street Keeps Their Buy Rating on Backblaze (BLZE)May 9, 2023 | finance.yahoo.comBackblaze, Inc. (BLZE) Reports Q1 Loss, Tops Revenue EstimatesSee More Headlines Receive BLZE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Backblaze and its competitors with MarketBeat's FREE daily newsletter. Email Address BLZE Company Calendar Last Earnings8/08/2023Today9/23/2023Next Earnings (Estimated)11/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:BLZE CUSIPN/A CIK1462056 Webwww.backblaze.com Phone650-352-3738Fax650-472-8095Employees393Year FoundedN/APrice Target and Rating Average Stock Price Forecast$11.00 High Stock Price Forecast$18.00 Low Stock Price Forecast$7.50 Forecasted Upside/Downside+84.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($1.76) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-51,400,000.00 Net Margins-63.51% Pretax Margin-63.16% Return on Equity-82.97% Return on Assets-36.76% Debt Debt-to-Equity Ratio0.41 Current Ratio0.88 Quick Ratio0.88 Sales & Book Value Annual Sales$85.15 million Price / Sales2.53 Cash FlowN/A Price / Cash FlowN/A Book Value$2.06 per share Price / Book2.90Miscellaneous Outstanding Shares36,100,000Free Float26,302,000Market Cap$215.52 million OptionableNot Optionable Beta0.60 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Gleb Budman (Age 48)Co-Founder, CEO & Chairman Comp: $429.87kMr. Tim Nufire (Age 58)Co-Founder Mr. Brian Wilson (Age 55)Co-Founder Comp: $429.87kMr. Francis P. Patchel (Age 65)Chief Financial Officer Comp: $454.15kMr. Casey JonesCo-FounderMr. Hang Ng KwokCo-FounderMr. Nilay PatelCo-Founder & VP of SalesDamon UyedaCo-FounderMr. Brian BeachChief Technology OfficerMr. James Martin Kisner C.F.A.III, VP of Investor RelationsMore ExecutivesKey CompetitorsBigBear.aiNYSE:BBAIKalturaNASDAQ:KLTRON24NYSE:ONTFRed VioletNASDAQ:RDVT2UNASDAQ:TWOUView All CompetitorsInsiders & InstitutionsTmt Investments PlcSold 1,300 sharesTotal: $7,774.00 ($5.98/share)Tmt Investments PlcSold 80,000 sharesTotal: $434,400.00 ($5.43/share)Tmt Investments PlcSold 5,012 sharesTotal: $26,814.20 ($5.35/share)Francis P PatchelSold 2,505 sharesTotal: $10,821.60 ($4.32/share)Tina CessnaSold 1,641 sharesTotal: $7,089.12 ($4.32/share)View All Insider TransactionsView All Institutional Transactions BLZE Stock - Frequently Asked Questions Should I buy or sell Backblaze stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Backblaze in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BLZE shares. View BLZE analyst ratings or view top-rated stocks. What is Backblaze's stock price forecast for 2023? 5 Wall Street analysts have issued 1-year price objectives for Backblaze's shares. Their BLZE share price forecasts range from $7.50 to $18.00. On average, they anticipate the company's share price to reach $11.00 in the next year. This suggests a possible upside of 84.3% from the stock's current price. View analysts price targets for BLZE or view top-rated stocks among Wall Street analysts. How have BLZE shares performed in 2023? Backblaze's stock was trading at $6.15 at the start of the year. Since then, BLZE shares have decreased by 2.9% and is now trading at $5.97. View the best growth stocks for 2023 here. Are investors shorting Backblaze? Backblaze saw a decrease in short interest in August. As of August 31st, there was short interest totaling 148,500 shares, a decrease of 24.4% from the August 15th total of 196,500 shares. Based on an average daily volume of 195,900 shares, the short-interest ratio is currently 0.8 days. Currently, 0.8% of the company's stock are short sold. View Backblaze's Short Interest. When is Backblaze's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023. View our BLZE earnings forecast. How were Backblaze's earnings last quarter? Backblaze, Inc. (NASDAQ:BLZE) announced its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.03. The business had revenue of $24.59 million for the quarter, compared to analyst estimates of $24.27 million. Backblaze had a negative net margin of 63.51% and a negative trailing twelve-month return on equity of 82.97%. What ETF holds Backblaze's stock ? Gabelli Automation ETF holds 4,427 shares of BLZE stock, representing 0.64% of its portfolio. What guidance has Backblaze issued on next quarter's earnings? Backblaze issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $25.00 million-$25.40 million, compared to the consensus revenue estimate of $25.53 million. When did Backblaze IPO? (BLZE) raised $101 million in an IPO on Thursday, November 11th 2021. The company issued 6,300,000 shares at $15.00-$17.00 per share. Oppenheimer & Co., William Blair and Raymond James acted as the underwriters for the IPO and JMP Securities, Lake Street and B. Riley Securities were co-managers. What is Backblaze's stock symbol? Backblaze trades on the NASDAQ under the ticker symbol "BLZE." Who are Backblaze's major shareholders? Backblaze's stock is owned by many different institutional and retail investors. Top institutional investors include Whetstone Capital Advisors LLC (4.67%), AWM Investment Company Inc. (3.21%), BlackRock Inc. (0.86%), Acadian Asset Management LLC (0.63%), Geode Capital Management LLC (0.49%) and Trellus Management Company LLC (0.47%). Insiders that own company stock include Brian K Wilson, Charles J Jones, Francis P Patchel, Gleb Budman, Kwok Hang Ng, Timothy M Nufire, Tina Cessna and Tmt Investments Plc. View institutional ownership trends. How do I buy shares of Backblaze? Shares of BLZE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Backblaze's stock price today? One share of BLZE stock can currently be purchased for approximately $5.97. How much money does Backblaze make? Backblaze (NASDAQ:BLZE) has a market capitalization of $215.52 million and generates $85.15 million in revenue each year. The company earns $-51,400,000.00 in net income (profit) each year or ($1.76) on an earnings per share basis. How many employees does Backblaze have? The company employs 393 workers across the globe. How can I contact Backblaze? The official website for the company is www.backblaze.com. The company can be reached via phone at 650-352-3738, via email at ir@backblaze.com, or via fax at 650-472-8095. This page (NASDAQ:BLZE) was last updated on 9/23/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Backblaze, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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