NASDAQ:BLZE Backblaze (BLZE) Stock Price, News & Analysis → The only AI company to buy (From Porter & Company) (Ad) Free BLZE Stock Alerts $6.05 -0.12 (-1.94%) (As of 06/4/2024 ET) Add Compare Share Share Today's Range$5.92▼$6.1850-Day Range$6.11▼$10.2352-Week Range$3.50▼$12.65Volume274,850 shsAverage Volume371,043 shsMarket Capitalization$251.08 millionP/E RatioN/ADividend YieldN/APrice Target$14.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Backblaze alerts: Email Address Backblaze MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside131.4% Upside$14.00 Price TargetShort InterestHealthy2.92% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.68Based on 4 Articles This WeekInsider TradingSelling Shares$330,703 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.09) to ($0.91) 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.3.18 out of 5 starsComputer And Technology Sector266th out of 581 stocksPrepackaged Software Industry91st out of 195 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 1 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 Shorted2.92% of the float of Backblaze has been sold short.Short Interest Ratio / Days to CoverBackblaze has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Backblaze has recently decreased by 30.68%, 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 0.68. 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 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Backblaze this week, compared to 2 articles on an average week.Search Interest5 people have searched for BLZE on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.MarketBeat Follows2 people have added Backblaze to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 $330,703.00 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 ($1.09) to ($0.91) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Backblaze is -4.26, 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 -4.26, 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 5.26. 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 Porter & CompanyThe only AI company to buyMusk originally co-founded OpenAI with Sam Altman back in 2015. But after a series of disagreements, Musk left the company in 2018. And while Musk and Altman continue to fight it out for the future of artificial intelligence, including a bitter lawsuit… There is one key area they both agree on – a critical technology I call “The AI Keystone.”You must read this new presentation from Porter Stansberry. 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 HeadlinesJune 4 at 5:19 AM | insidertrades.comBackblaze, Inc. (NASDAQ:BLZE) CFO Sells $66,615.60 in StockMay 24, 2024 | insidertrades.comBackblaze, Inc. (NASDAQ:BLZE) CFO Sells $14,553.00 in StockJune 4 at 5:22 AM | americanbankingnews.comBackblaze, Inc. (NASDAQ:BLZE) CFO Francis P. Patchel Sells 10,328 SharesMay 26, 2024 | americanbankingnews.comInsider Selling: Backblaze, Inc. (NASDAQ:BLZE) CFO Sells $14,553.00 in StockMay 26, 2024 | americanbankingnews.comInsider Selling: Backblaze, Inc. (NASDAQ:BLZE) VP Sells $14,931.00 in StockMay 26, 2024 | americanbankingnews.comBackblaze, Inc. (NASDAQ:BLZE) VP Sells $18,027.60 in StockMay 26, 2024 | americanbankingnews.comFrancis P. Patchel Sells 2,647 Shares of Backblaze, Inc. (NASDAQ:BLZE) StockMay 16, 2024 | finance.yahoo.comBackblaze Plugs Into Internet2 to Expand Service for Research and Education InstitutionsMay 16, 2024 | globenewswire.comBackblaze Plugs Into Internet2 to Expand Service for Research and Education InstitutionsMay 13, 2024 | globenewswire.comBackblaze to Present at the 19th Annual Needham Technology, Media, & Consumer ConferenceMay 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 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 ResultsApril 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 StatusSee 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 Earnings5/08/2024Today6/04/2024Next 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+135.3%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 Ratio0.70 Sales & Book Value Annual Sales$102.02 million Price / Sales2.42 Cash FlowN/A Price / Cash FlowN/A Book Value$1.15 per share Price / Book5.17Miscellaneous Outstanding Shares41,500,000Free Float39,342,000Market Cap$246.93 million OptionableOptionable Beta1.03 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for 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 CompetitorsOomaNYSE:OOMAEdgioNASDAQ:EGIOCare.comNYSE:CRCMWaterdropNYSE:WDHFastlyNYSE:FSLYView All CompetitorsInsiders & InstitutionsFrancis P PatchelSold 10,328 sharesTotal: $66,615.60 ($6.45/share)Francis P PatchelSold 2,647 sharesTotal: $17,576.08 ($6.64/share)Tina CessnaSold 2,715 sharesTotal: $18,027.60 ($6.64/share)Francis P PatchelSold 2,156 sharesTotal: $14,553.00 ($6.75/share)Tina CessnaSold 2,212 sharesTotal: $14,931.00 ($6.75/share)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 research analysts have issued "buy," "hold," and "sell" ratings for Backblaze in the last year. There are currently 4 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 target for 2024? 4 analysts 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 year. This suggests a possible upside of 131.4% 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 start of the year. Since then, BLZE shares have decreased by 20.3% and is now trading at $6.05. View the best growth stocks for 2024 here. Are investors shorting Backblaze? Backblaze saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 811,000 shares, a decrease of 30.7% from the April 30th total of 1,170,000 shares. Based on an average daily trading volume, of 357,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.9% of the shares of the 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 Tuesday, August 13th 2024. View our BLZE earnings forecast. How were Backblaze's earnings last quarter? Backblaze, Inc. (NASDAQ:BLZE) posted its quarterly earnings results on Wednesday, May, 8th. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.31) by $0.04. The company earned $29.97 million during the quarter, compared to analyst estimates of $29.75 million. Backblaze had a negative net margin of 48.62% and a negative trailing twelve-month return on equity of 105.67%. What guidance has Backblaze issued on next quarter's earnings? Backblaze issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided 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 a price of $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 institutional and retail investors. Top institutional investors 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 Quadrature Capital Ltd (0.15%). 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. 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