NASDAQ:BLZE Backblaze (BLZE) Stock Price, News & Analysis → Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS (From Paradigm Press) (Ad) Free BLZE Stock Alerts $7.25 -0.25 (-3.33%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$7.06▼$7.7350-Day Range$7.25▼$11.7852-Week Range$3.50▼$12.65Volume760,536 shsAverage Volume303,438 shsMarket Capitalization$298.70 millionP/E RatioN/ADividend YieldN/APrice Target$14.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Backblaze alerts: Email Address Backblaze MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside93.1% Upside$14.00 Price TargetShort InterestHealthy4.43% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.47Based on 13 Articles This WeekInsider TradingSelling Shares$851,676 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.12) to ($0.85) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.92 out of 5 starsComputer And Technology Sector318th out of 601 stocksPrepackaged Software Industry111th out of 202 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 4 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageBackblaze has only been the subject of 2 research reports in the past 90 days.Read more about Backblaze's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted4.43% of the float of Backblaze has been sold short.Short Interest Ratio / Days to CoverBackblaze has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Backblaze has recently decreased by 12.69%, 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 1.9 News and Social Media Coverage News SentimentBackblaze has a news sentiment score of 0.47. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Backblaze this week, compared to 2 articles on an average week.Search InterestOnly 5 people have searched for BLZE on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Backblaze to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 1.7 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 $851,676.00 in company stock.Percentage Held by InsidersOnly 5.20% of the stock of Backblaze is held by insiders.Percentage Held by Institutions54.03% of the stock of Backblaze is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Backblaze's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Backblaze are expected to grow in the coming year, from ($1.12) to ($0.85) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Backblaze is -5.11, 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 -5.11, 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 6.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Backblaze's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.Click here to find out that this 8,788% cryptocurrency is. About Backblaze Stock (NASDAQ:BLZE)Backblaze, 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 Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BLZE Stock News HeadlinesMay 10, 2024 | finance.yahoo.comBackblaze Inc (BLZE) Q1 2024 Earnings: Revenue Growth Exceeds Expectations, Narrowing LossesMay 10, 2024 | finance.yahoo.comBackblaze First Quarter 2024 Earnings: EPS Beats ExpectationsMay 11, 2024 | Paradigm Press (Ad)Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.May 9, 2024 | finance.yahoo.comBackblaze, Inc. (NASDAQ:BLZE) Q1 2024 Earnings Call TranscriptMay 9, 2024 | finance.yahoo.comBackblaze Inc (BLZE) Q1 2024 Earnings Call Transcript Highlights: Robust Growth and Strategic ...May 8, 2024 | investorplace.comBLZE Stock Earnings: Backblaze Beats EPS, Beats Revenue for Q1 2024May 8, 2024 | msn.comBackblaze Non-GAAP EPS of -$0.14 beats by $0.01, revenue of $30M beats by $0.28MMay 8, 2024 | globenewswire.comBackblaze Announces First Quarter 2024 Financial ResultsMay 11, 2024 | Paradigm Press (Ad)Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.May 2, 2024 | americanbankingnews.comShort Interest in Backblaze, Inc. (NASDAQ:BLZE) Increases By 8.1%May 1, 2024 | americanbankingnews.comBackblaze (BLZE) to Release Earnings on WednesdayApril 30, 2024 | investorplace.comSpeculative Standouts: 7 ‘Strong Buy' Stocks to Snag for Under $20April 20, 2024 | finance.yahoo.comBackblaze, Inc. (BLZE)April 17, 2024 | globenewswire.comBackblaze to Announce First Quarter 2024 Results on May 8, 2024April 17, 2024 | morningstar.comBackblaze Inc Class AApril 17, 2024 | markets.businessinsider.comAssessing Backblaze: Insights From 4 Financial AnalystsApril 15, 2024 | finance.yahoo.comBackblaze Enables Automated Cloud Workflows With Event NotificationsApril 15, 2024 | globenewswire.comBackblaze Enables Automated Cloud Workflows With Event NotificationsApril 11, 2024 | globenewswire.comBackblaze Completes Trusted Partner Network Assessment, Receiving Blue Shield StatusApril 9, 2024 | finance.yahoo.comBackblaze Launches Next-Gen Cloud Workflow Tools, Security Announcements, and More at NAB 2024April 9, 2024 | globenewswire.comBackblaze Launches Next-Gen Cloud Workflow Tools, Security Announcements, and More at NAB 2024March 28, 2024 | globenewswire.comBackblaze Achieves StateRAMP Progressing Snapshot and TX-RAMP Provisional AuthorizationsMarch 21, 2024 | finance.yahoo.comBackblaze’s Solutions Now Available on Carahsoft’s NASPO ValuePoint ContractMarch 21, 2024 | globenewswire.comBackblaze's Solutions Now Available on Carahsoft's NASPO ValuePoint ContractMarch 17, 2024 | finance.yahoo.comA Look At The Fair Value Of Backblaze, Inc. (NASDAQ:BLZE)March 16, 2024 | finance.yahoo.comBLZE Oct 2024 20.000 callMarch 16, 2024 | finance.yahoo.comBLZE May 2024 15.000 callSee 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 Company Calendar Last Earnings2/15/2024Today5/11/2024Next Earnings (Estimated)8/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:BLZE CUSIPN/A CIK1462056 Webwww.backblaze.com Phone650-352-3738Fax650-472-8095Employees393Year FoundedN/APrice Target and Rating Average Stock Price Target$14.00 High Stock Price Target$18.00 Low Stock Price Target$11.00 Potential Upside/Downside+93.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($1.42) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-59,710,000.00 Net Margins-48.62% Pretax Margin-49.40% Return on Equity-105.67% Return on Assets-38.46% Debt Debt-to-Equity Ratio0.34 Current Ratio0.70 Quick Ratio0.67 Sales & Book Value Annual Sales$102.02 million Price / Sales2.93 Cash FlowN/A Price / Cash FlowN/A Book Value$1.15 per share Price / Book6.30Miscellaneous Outstanding Shares41,200,000Free Float39,058,000Market Cap$298.70 million OptionableOptionable Beta1.21 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Gleb Budman (Age 49)Co-Founder, CEO & Chairman Comp: $429.87kMr. Tim Nufire (Age 59)Co-Founder Mr. Brian Wilson (Age 56)Co-Founder Comp: $429.87kMr. Francis P. Patchel (Age 66)Chief Financial Officer Comp: $454.15kMr. Casey JonesCo-FounderMr. Hang Ng KwokCo-FounderMr. Nilay PatelCo-Founder & VP of SalesDamon UyedaCo-FounderMs. Anu PatilVice President of Revenue Strategy & OperationsMr. Brian BeachChief Technology OfficerMore ExecutivesKey CompetitorsCerenceNASDAQ:CRNCBigBear.aiNYSE:BBAIMiX TelematicsNYSE:MIXTWaterdropNYSE:WDHAmerican SoftwareNASDAQ:AMSWAView All CompetitorsInsiders & InstitutionsHillsdale Investment Management Inc.Bought 15,100 shares on 5/11/2024Ownership: 0.037%Vanguard Group Inc.Sold 183,729 shares on 5/10/2024Ownership: 3.528%Acadian Asset Management LLCBought 371,851 shares on 5/10/2024Ownership: 1.674%First Eagle Investment Management LLCBought 67,475 shares on 5/9/2024Ownership: 1.765%GSA Capital Partners LLPSold 4,494 shares on 5/3/2024Ownership: 0.216%View All Insider TransactionsView All Institutional Transactions BLZE Stock Analysis - Frequently Asked Questions Should I buy or sell Backblaze stock right now? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Backblaze in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BLZE shares. View BLZE analyst ratings or view top-rated stocks. What is Backblaze's stock price target for 2024? 4 brokerages have issued 12-month target prices for Backblaze's shares. Their BLZE share price targets range from $11.00 to $18.00. On average, they predict the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 93.1% 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 2024? Backblaze's stock was trading at $7.59 at the beginning of 2024. Since then, BLZE shares have decreased by 4.5% and is now trading at $7.25. View the best growth stocks for 2024 here. When is Backblaze's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our BLZE earnings forecast. How were Backblaze's earnings last quarter? Backblaze, Inc. (NASDAQ:BLZE) posted its quarterly earnings data on Thursday, February, 15th. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.04. The firm had revenue of $28.74 million for the quarter, compared to analyst estimates of $28.18 million. Backblaze had a negative trailing twelve-month return on equity of 105.67% and a negative net margin of 48.62%. What guidance has Backblaze issued on next quarter's earnings? Backblaze updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $30.7 million-$31.1 million, compared to the consensus revenue estimate of $30.8 million. When did Backblaze IPO? Backblaze (BLZE) raised $101 million in an initial public offering 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 served as the underwriters for the IPO and JMP Securities, Lake Street and B. Riley Securities were co-managers. Who are Backblaze's major shareholders? Backblaze's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.53%), First Eagle Investment Management LLC (1.76%), Acadian Asset Management LLC (1.67%), Essex Investment Management Co. LLC (0.49%), GSA Capital Partners LLP (0.22%) and Checchi Capital Advisers LLC (0.08%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:BLZE) was last updated on 5/11/2024 by MarketBeat.com Staff From Our PartnersThe Crypto 9-5 Escape PlanCrypto 101 MediaDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe A.I. story nobody is telling you (Read ASAP)TradeSmithForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressRSVP: Charles Payne’s Cash Flow WorkshopUnstoppable ProsperityHow Biden has already won 2024Porter & CompanyMissed NVDA? Buy this AI stock NOWChaikin AnalyticsForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill Publishing 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. 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