Research Analysts’ Recent Ratings Updates for Blend Labs (BLND)

A number of research firms have changed their ratings and price targets for Blend Labs (NYSE: BLND):

• 11/7/2024 – Blend Labs had its price target raised by analysts at Wells Fargo & Company from $3.50 to $4.50. They now have an “overweight” rating on the stock.
• 11/7/2024 – Blend Labs had its price target raised by analysts at Keefe, Bruyette & Woods from $3.25 to $3.85. They now have a “market perform” rating on the stock.
• 11/7/2024 – Blend Labs had its price target raised by analysts at The Goldman Sachs Group, Inc. from $3.40 to $3.90. They now have a “buy” rating on the stock.
• 11/7/2024 – Blend Labs had its price target raised by analysts at Canaccord Genuity Group Inc. from $4.75 to $5.75. They now have a “buy” rating on the stock.
• 10/23/2024 – Blend Labs had its price target raised by analysts at UBS Group AG from $3.00 to $4.00. They now have a “neutral” rating on the stock.

Blend Labs Stock Performance

Shares of BLND traded down $0.23 during mid-day trading on Tuesday, reaching $4.52. The company had a trading volume of 1,541,227 shares, compared to its average volume of 2,282,700. The company’s 50 day simple moving average is $3.70 and its 200 day simple moving average is $3.17. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -13.29 and a beta of 1.16. Blend Labs, Inc. has a 1-year low of $1.16 and a 1-year high of $4.84.

Insider Activity at Blend Labs

In other news, insider Winnie Ling sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $4.06, for a total transaction of $40,600.00. Following the sale, the insider now directly owns 279,169 shares in the company, valued at $1,133,426.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders sold 54,303 shares of company stock valued at $192,926. 13.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Blend Labs

Institutional investors have recently modified their holdings of the business. Dark Forest Capital Management LP purchased a new position in Blend Labs during the 2nd quarter valued at $31,000. Xponance Inc. purchased a new stake in Blend Labs during the 2nd quarter valued at about $35,000. Caxton Associates LP purchased a new stake in shares of Blend Labs in the first quarter worth about $60,000. SG Americas Securities LLC purchased a new stake in shares of Blend Labs in the first quarter worth about $70,000. Finally, RiverPark Advisors LLC purchased a new stake in shares of Blend Labs in the third quarter worth about $77,000. 52.56% of the stock is owned by hedge funds and other institutional investors.

Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty.