Backblaze (BLZE) Stock Price, News & Analysis

Company Overview

Backblaze, Inc. provides cloud storage and data backup services for businesses, developers and individual users. Its platform is designed to help customers store, protect, manage and recover data through scalable cloud-based infrastructure.

The company’s principal offerings include Backblaze B2 Cloud Storage, an object-storage service used for applications, content distribution, backup, archiving and disaster recovery, and Backblaze Computer Backup, which helps individuals and organizations back up data from computers. Backblaze also provides tools and integrations that connect its services with third-party applications and technology platforms.

Founded in 2007, Backblaze is headquartered in San Mateo, California, and serves customers internationally. The company became publicly traded on the Nasdaq under the symbol BLZE in 2021. Backblaze was co-founded by Gleb Budman, who serves as chief executive officer.

Key Stats

• Today's Range: $13.33 to $13.90
• 50-Day Range: $11.38 to $20.43
• 52-Week Range: $3.26 to $23.99
• Volume: 1.21 million shs
• Average Volume: 1.68 million shs
• Market Capitalization: $836.27 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $19.71
• Consensus Rating: Moderate Buy

Backblaze Stock Analysis - MarketRank™

Backblaze scored higher than 53% of companies evaluated by MarketBeat, and ranked 373rd out of 594 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Backblaze has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on no strong buy ratings, 8 buy ratings, 1 hold rating, and 1 sell rating.

Upside Potential

Backblaze has a consensus price target of $19.71, representing about 45.9% upside from its current price of $13.51.

Amount of Analyst Coverage

Backblaze has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Earnings Growth

Earnings for Backblaze are expected to remain at ($0.28) per share in the coming year.

Price to Earnings Ratio vs. the Market

The P/E ratio of Backblaze is -39.73, 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. Sector

The P/E ratio of Backblaze is -39.73, 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 Ratio

Backblaze has a P/B Ratio of 9.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.29% of the float of Backblaze has been sold short.

Short Interest Ratio / Days to Cover

Backblaze has a short interest ratio ("days to cover") of 3.37, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Backblaze has recently increased by 30.82%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Backblaze does not currently pay a dividend.

Dividend Growth

Backblaze does not have a long track record of dividend growth.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: 0.08

News Sentiment

Backblaze has a news sentiment score of 0.08. 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 lower news sentiment than the 0.53 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Backblaze this week, compared to 5 articles on an average week.

Search Interest

Only 7 people have searched for BLZE on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Backblaze to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $236,746.00 in company stock.

Percentage Held by Insiders

4.20% of the stock of Backblaze is held by insiders.

Percentage Held by Institutions

54.03% of the stock of Backblaze is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 8/03/2026
• Today: 9/24/2026
• Next Earnings (Estimated): 11/05/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: IT Services
• Sub-Industry: Internet Services & Infrastructure
• Current Symbol: NASDAQ:BLZE
• CIK: 1462056
• Web: www.backblaze.com
• Phone: 650-352-3738
• Fax: 650-472-8095
• Employees: 320
• Year Founded: 2007

Price Target and Rating

• Average Price Target for Backblaze: $19.71
• High Price Target: $25.00
• Low Price Target: $8.00
• Potential Upside/Downside: +45.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.34)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$25.61 million
• Net Margins: -13.07%
• Pretax Margin: -13.02%
• Return on Equity: -16.73%
• Return on Assets: -7.10%

Debt

• Debt-to-Equity Ratio: 0.34
• Current Ratio: 1.00
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: $145.84 million
• Price / Sales: 5.73
• Cash Flow: $0.06 per share
• Price / Cash Flow: 243.47
• Book Value: $1.42 per share
• Price / Book: 9.51

Miscellaneous

• Outstanding Shares: 61,900,000
• Free Float: 59,300,000
• Market Cap: $836.27 million
• Optionable: Optionable
• Beta: 1.56