Should I buy or sell Blend Labs stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blend Labs in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BLND shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLND, but not buy additional shares or sell existing shares. View BLND analyst ratings or view top-rated stocks .

What is Blend Labs' stock price target for 2024?

5 brokerages have issued 1-year price targets for Blend Labs' stock. Their BLND share price targets range from $2.65 to $3.50. On average, they expect the company's stock price to reach $3.06 in the next twelve months. This suggests a possible upside of 27.6% from the stock's current price. View analysts price targets for BLND or view top-rated stocks among Wall Street analysts .

How have BLND shares performed in 2024?

Blend Labs' stock was trading at $2.55 at the beginning of the year. Since then, BLND shares have decreased by 5.9% and is now trading at $2.40. View the best growth stocks for 2024 here .

Are investors shorting Blend Labs?

Blend Labs saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 6,750,000 shares, a decline of 6.8% from the March 15th total of 7,240,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 4.3% of the shares of the company are sold short. View Blend Labs' Short Interest .

When is Blend Labs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our BLND earnings forecast .

How were Blend Labs' earnings last quarter?

Blend Labs, Inc. (NYSE:BLND) announced its quarterly earnings data on Friday, March, 15th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). The firm had revenue of $36.10 million for the quarter, compared to analyst estimates of $37.52 million. Blend Labs had a negative trailing twelve-month return on equity of 595.99% and a negative net margin of 118.15%.

What ETFs hold Blend Labs' stock?

ETFs with the largest weight of Blend Labs (NYSE:BLND) stock in their portfolio include Playtech (PTEC) .

What guidance has Blend Labs issued on next quarter's earnings?

Blend Labs issued an update on its first quarter 2024 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $32.5 million-$35.5 million, compared to the consensus revenue estimate of $41.3 million.

When did Blend Labs IPO?

Blend Labs (BLND) raised $340 million in an initial public offering on Friday, July 16th 2021. The company issued 20,000,000 shares at $16.00-$18.00 per share.

Who are Blend Labs' major shareholders?

Blend Labs' stock is owned by a number of retail and institutional investors. Top institutional investors include Cannon Global Investment Management LLC (0.01%). Insiders that own company stock include Amir Jafari, Crystal Sumner , Jonathan Y Chan , Nima Ghamsari and Timothy J Mayopoulos. View institutional ownership trends .

How do I buy shares of Blend Labs?

Shares of BLND 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 .

NYSE:BLND

Blend Labs (BLND) Stock Price, News & Analysis

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$2.40

0.00 (0.00%)

(As of 04/18/2024 ET)

Compare

Today's Range: $2.35
▼
$2.48
50-Day Range: $2.23
▼
$3.29
52-Week Range: $0.53
▼
$3.40

Volume: 929,146 shs
Average Volume: 1.35 million shs
Market Capitalization: $604.92 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.06

Get Blend Labs alerts:

Blend Labs MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 27.6% Upside
$3.06 Price Target
Short Interest: Healthy
4.26% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.22
Based on 10 Articles This Week
Insider Trading: Selling Shares
$490,379 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.47) to ($0.37) Per Share

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.

3.25 out of 5 stars

Computer And Technology Sector

270th out of 586 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

25th out of 57 stocks

3.2

Analyst's Opinion

Consensus Rating
Blend Labs has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Blend Labs has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
4.26% of the float of Blend Labs has been sold short.
Short Interest Ratio / Days to Cover
Blend Labs has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Blend Labs has recently decreased by 6.77%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Blend Labs does not currently pay a dividend.
Dividend Growth
Blend Labs does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BLND.

2.9

News and Social Media Coverage

News Sentiment
Blend Labs has a news sentiment score of 1.22. 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 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Blend Labs this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for BLND on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Blend Labs to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Blend Labs insiders have sold 1,374.07% more of their company's stock than they have bought. Specifically, they have bought $33,267.00 in company stock and sold $490,379.00 in company stock.
Percentage Held by Insiders
11.83% of the stock of Blend Labs is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
52.56% of the stock of Blend Labs is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Blend Labs are expected to grow in the coming year, from ($0.47) to ($0.37) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Blend Labs is -3.12, 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 Blend Labs is -3.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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About Blend Labs Stock (NYSE:BLND)

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. It also offers verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account; decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm; workflow intelligence components to manage data collection and automate tasks throughout the loan origination process; and marketplace components to enable consumers to shop for products and services presented at the precise moment of need during an application for a loan. In addition, the company, through its subsidiary, offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and provides professional and consulting services. It serves banks, credit unions, fintechs, and non-bank mortgage lenders. The company was incorporated in 2012 and is headquartered in San Francisco, California.

BLND Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BLND Stock News Headlines

April 16, 2024 | insidertrades.com

Blend Labs, Inc. (NYSE:BLND) Insider Buys $16,602.25 in Stock

March 26, 2024 | insidertrades.com

Blend Labs, Inc. (NYSE:BLND) Insider Sells $244,283.00 in Stock

April 19, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

April 18, 2024 | americanbankingnews.com

Short Interest in Blend Labs, Inc. (NYSE:BLND) Decreases By 6.8%

April 16, 2024 | finance.yahoo.com

Michigan Schools and Government Credit Union Selects Blend to Evolve its Digital Lending Experience

April 16, 2024 | americanbankingnews.com

Blend Labs, Inc. (NYSE:BLND) Insider Amir Jafari Purchases 6,265 Shares

April 13, 2024 | americanbankingnews.com

Blend Labs (NYSE:BLND) Shares Down 2.8%

April 9, 2024 | investorplace.com

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April 19, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

March 29, 2024 | techcrunch.com

Instagram is developing ‘Blend,’ recommended Reels for you and a friend

March 21, 2024 | seekingalpha.com

Blend Labs, Inc. (BLND) Q4 2023 Earnings Call Transcript

March 20, 2024 | finance.yahoo.com

Blend Labs, Inc. (NYSE:BLND) Q4 2023 Earnings Call Transcript

March 19, 2024 | finance.yahoo.com

Randolph-Brooks Federal Credit Union Selects Blend to Transform its Loan Origination Experience

March 18, 2024 | markets.businessinsider.com

KBW Releases a Hold Rating on Blend Labs (BLND)

March 17, 2024 | finance.yahoo.com

US$2.85 - That's What Analysts Think Blend Labs, Inc. (NYSE:BLND) Is Worth After These Results

March 16, 2024 | marketwatch.com

Blend Labs Stock Rises 22% With 4Q Backlog Boost

March 15, 2024 | businesswire.com

UPDATING and REPLACING Blend Announces Fourth Quarter and Full Year 2023 Financial Results

March 15, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Blend Labs Amidst Revenue Resilience and Positive Outlook

March 15, 2024 | markets.businessinsider.com

Goldman Sachs Keeps Their Buy Rating on Blend Labs (BLND)

March 15, 2024 | finance.yahoo.com

Q4 2023 Blend Labs Inc Earnings Call

March 14, 2024 | msn.com

Blend Labs GAAP EPS of -$0.13 beats by $0.01, revenue of $36.1M misses by $1M

March 14, 2024 | finance.yahoo.com

Blend Labs Inc (BLND) Reports Notable Operating Loss Improvement and Revenue Growth Amid Market ...

March 14, 2024 | investorplace.com

BLND Stock Earnings: Blend Labs Meets EPS, Misses Revenue for Q4 2023

March 14, 2024 | businesswire.com

Blend Announces Fourth Quarter and Full Year 2023 Financial Results

March 13, 2024 | nz.finance.yahoo.com

Scheana Shay Details Daughter Summer's Injury — and Jokes a Pink Cast Wouldn't 'Coordinate' with Her Wardrobe

March 13, 2024 | businesswire.com

Blend to Announce Fourth Quarter and Full Year 2023 Financial Results on March 14, 2024

March 11, 2024 | finance.yahoo.com

BLND May 2024 7.500 call

See More Headlines

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Company Calendar

Last Earnings: 3/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Current Symbol: NYSE:BLND
CUSIP: N/A
CIK: 1855747
Web: www.blend.com
Phone: 650-550-4810
Fax: N/A
Employees: 881
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $3.06
High Stock Price Target: $3.50
Low Stock Price Target: $2.65
Potential Upside/Downside: +27.6%
Consensus Rating: Hold
Rating Score (0-4): 2.40
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.77)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-178,690,000.00
Net Margins: -118.15%
Pretax Margin: -114.62%
Return on Equity: -595.99%
Return on Assets: -47.13%

Debt

Debt-to-Equity Ratio: 34.81
Current Ratio: 5.38
Quick Ratio: 5.38

Sales & Book Value

Annual Sales: $156.85 million
Price / Sales: 3.86
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($0.08) per share
Price / Book: -30.00

Miscellaneous

Outstanding Shares: 252,050,000
Free Float: 222,231,000
Market Cap: $604.92 million
Optionable: Not Optionable
Beta: 1.00

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Key Executives

Mr. Nima Ghamsari (Age 38)
Co-Founder, Chairman, CEO & Head of Blend
Comp: $325k
Mr. Erin James Collard (Age 44)
Co-Founder & Director
Mr. Rosco Hill
Co-Founder
Mr. Amir Jafari (Age 46)
Head of Finance & Administration and Principal Financial Officer
Ms. Oxana Tkach (Age 41)
Controller & Principal Accounting Officer
Mr. Bryan Michaleski C.F.A.
Investor Relations Lead
Ms. Winnie Ling (Age 37)
Head of Legal & People
Mr. Erik Wrobel
Head of Product
Ms. Aesha Shah
Head of Design
Mr. Naveen Ayyagari
Head of Engineering

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BLND Stock Analysis - Frequently Asked Questions

Should I buy or sell Blend Labs stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blend Labs in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BLND shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLND, but not buy additional shares or sell existing shares.
View BLND analyst ratings or view top-rated stocks.
What is Blend Labs' stock price target for 2024?: 5 brokerages have issued 1-year price targets for Blend Labs' stock. Their BLND share price targets range from $2.65 to $3.50. On average, they expect the company's stock price to reach $3.06 in the next twelve months. This suggests a possible upside of 27.6% from the stock's current price.
View analysts price targets for BLND or view top-rated stocks among Wall Street analysts.
How have BLND shares performed in 2024?: Blend Labs' stock was trading at $2.55 at the beginning of the year. Since then, BLND shares have decreased by 5.9% and is now trading at $2.40.
View the best growth stocks for 2024 here.
Are investors shorting Blend Labs?: Blend Labs saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 6,750,000 shares, a decline of 6.8% from the March 15th total of 7,240,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 4.3% of the shares of the company are sold short.
View Blend Labs' Short Interest.
When is Blend Labs' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our BLND earnings forecast.
How were Blend Labs' earnings last quarter?: Blend Labs, Inc. (NYSE:BLND) announced its quarterly earnings data on Friday, March, 15th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). The firm had revenue of $36.10 million for the quarter, compared to analyst estimates of $37.52 million. Blend Labs had a negative trailing twelve-month return on equity of 595.99% and a negative net margin of 118.15%.

What ETFs hold Blend Labs' stock?: ETFs with the largest weight of Blend Labs (NYSE:BLND) stock in their portfolio include Playtech (PTEC).
What guidance has Blend Labs issued on next quarter's earnings?: Blend Labs issued an update on its first quarter 2024 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $32.5 million-$35.5 million, compared to the consensus revenue estimate of $41.3 million.
When did Blend Labs IPO?: Blend Labs (BLND) raised $340 million in an initial public offering on Friday, July 16th 2021. The company issued 20,000,000 shares at $16.00-$18.00 per share.
Who are Blend Labs' major shareholders?: Blend Labs' stock is owned by a number of retail and institutional investors. Top institutional investors include Cannon Global Investment Management LLC (0.01%). Insiders that own company stock include Amir Jafari, Crystal Sumner, Jonathan Y Chan, Nima Ghamsari and Timothy J Mayopoulos.
View institutional ownership trends.
How do I buy shares of Blend Labs?: Shares of BLND 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 (NYSE:BLND) was last updated on 4/19/2024 by MarketBeat.com Staff

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Blend Labs (BLND) Stock Price, News & Analysis

Blend Labs MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Blend Labs Stock (NYSE:BLND)

BLND Stock Price History

BLND Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

BLND Stock Analysis - Frequently Asked Questions

Overall MarketRank^™