NASDAQ:BLZE Backblaze (BLZE) Stock Price, News & Analysis → The ONE AI Stock to own now. (It’s not Nvidia.) (From Weiss Ratings) (Ad) Free BLZE Stock Alerts $7.50 -2.41 (-24.32%) (As of 05/9/2024 ET) Add Compare Share Share Today's Range$7.30▼$9.4450-Day Range$7.50▼$11.7852-Week Range$3.50▼$12.65Volume2.22 million shsAverage Volume367,877 shsMarket Capitalization$309 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/Downside86.7% Upside$14.00 Price TargetShort InterestBearish5.09% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.37Based on 9 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.1.85 out of 5 starsComputer And Technology Sector440th out of 593 stocksPrepackaged Software Industry162nd 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 2.0 Short Interest Percentage of Shares Shorted5.09% of the float of Backblaze has been sold short.Short Interest Ratio / Days to CoverBackblaze has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Backblaze has recently increased by 8.06%, indicating that investor sentiment is decreasing 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 0.37. 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 9 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 -4.55, 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 -4.55, 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 6.52. 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 InvestorPlaceElon’s New Device is About to Shock the WorldUsing this device you see above… Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in… “The next step in human evolution.” Click here to see the details because there’s a lot of money at stake. 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 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 10, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.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 2, 2024 | americanbankingnews.comShort Interest in Backblaze, Inc. (NASDAQ:BLZE) Increases By 8.1%May 1, 2024 | americanbankingnews.comBackblaze (BLZE) to Release Earnings on WednesdayMay 10, 2024 | Gold Safe Exchange (Ad)Gold Set to EXPLODE!Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.April 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 callFebruary 24, 2024 | finance.yahoo.comBackblaze Inc CEO Gleb Budman Sells 150,000 SharesFebruary 19, 2024 | finance.yahoo.comAt US$11.83, Is It Time To Put Backblaze, Inc. (NASDAQ:BLZE) On Your Watch List?See 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 Earnings2/15/2024Today5/09/2024Next 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+84.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($1.65) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-59,710,000.00 Net Margins-57.70% Pretax Margin-58.53% Return on Equity-105.94% Return on Assets-40.33% Debt Debt-to-Equity Ratio0.39 Current Ratio0.67 Quick Ratio0.67 Sales & Book Value Annual Sales$102.02 million Price / Sales3.07 Cash FlowN/A Price / Cash FlowN/A Book Value$1.15 per share Price / Book6.62Miscellaneous Outstanding Shares41,200,000Free Float39,058,000Market Cap$313.53 million OptionableOptionable Beta1.21 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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 & InstitutionsFirst Eagle Investment Management LLCBought 67,475 shares on 5/9/2024Ownership: 1.765%Essex Investment Management Co. LLCBought 200,219 shares on 5/3/2024Ownership: 0.486%GSA Capital Partners LLPSold 4,494 shares on 5/3/2024Ownership: 0.216%Checchi Capital Advisers LLCBought 31,070 shares on 4/26/2024Ownership: 0.075%Tina CessnaSold 20,000 sharesTotal: $199,000.00 ($9.95/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 equities 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 equities 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 Wall Street analysts have issued 12 month price targets for Backblaze's stock. Their BLZE share price targets range from $11.00 to $18.00. On average, they predict the company's share price to reach $14.00 in the next year. This suggests a possible upside of 86.7% 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 the year. Since then, BLZE stock has decreased by 1.2% and is now trading at $7.50. 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) announced its quarterly earnings results on Thursday, February, 15th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.04. The firm earned $28.74 million during the quarter, compared to analysts' expectations of $28.18 million. Backblaze had a negative net margin of 57.70% and a negative trailing twelve-month return on equity of 105.94%. 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 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 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. Who are Backblaze's major shareholders? Backblaze's stock is owned by a number of institutional and retail investors. Top institutional investors include First Eagle Investment Management LLC (1.76%), Essex Investment Management Co. LLC (0.49%), GSA Capital Partners LLP (0.22%), Checchi Capital Advisers LLC (0.08%) and Concourse Financial Group Securities Inc. (0.00%). 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 5/10/2024 by MarketBeat.com Staff From Our PartnersThe Crypto 9-5 Escape PlanCrypto 101 MediaGold Set to EXPLODE!Gold Safe ExchangeForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill PublishingHe Is Giving Away BitcoinCrypto Swap ProfitsCharles Payne Demystifies OptionsUnstoppable ProsperityShocking: One AI startup's revenue could surge 4,735%Manward PressThe 2024 Gold Rush: Unleashing Market PotentialPriority Gold[URGENT] DO NOT Touch These AI Stocks!Weiss Ratings 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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