Blend Labs, Inc. (NYSE:BLND) Given Consensus Rating of “Hold” by Brokerages

Shares of Blend Labs, Inc. (NYSE:BLND) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.80.

Several brokerages have issued reports on BLND. UBS Group dropped their target price on Blend Labs from $3.50 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wall Street Zen raised Blend Labs from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Canaccord Genuity Group reiterated a “buy” rating and issued a $5.25 price objective on shares of Blend Labs in a research report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Blend Labs in a research report on Wednesday, January 21st.

Blend Labs Stock Down 4.2%

BLND opened at $1.70 on Friday. The company has a market capitalization of $440.28 million, a P/E ratio of -16.95 and a beta of 1.23. The stock’s fifty day moving average is $2.84 and its two-hundred day moving average is $3.22. Blend Labs has a 52 week low of $1.67 and a 52 week high of $4.49.

Insiders Place Their Bets

In other Blend Labs news, insider Brian Kneafsey sold 25,000 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $3.06, for a total value of $76,500.00. Following the completion of the sale, the insider directly owned 649,824 shares in the company, valued at $1,988,461.44. This represents a 3.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 35.52% of the company’s stock.

Institutional Investors Weigh In On Blend Labs

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLND. Revolve Wealth Partners LLC purchased a new position in Blend Labs during the fourth quarter worth about $132,000. AQR Capital Management LLC grew its stake in shares of Blend Labs by 32.2% during the first quarter. AQR Capital Management LLC now owns 883,296 shares of the company’s stock worth $2,959,000 after purchasing an additional 214,998 shares in the last quarter. Truist Financial Corp purchased a new stake in Blend Labs during the second quarter worth approximately $41,000. CWM LLC lifted its position in Blend Labs by 69.0% in the second quarter. CWM LLC now owns 65,339 shares of the company’s stock valued at $216,000 after acquiring an additional 26,678 shares during the last quarter. Finally, Carmel Capital Partners LLC purchased a new stake in Blend Labs in the second quarter valued at approximately $65,000. Hedge funds and other institutional investors own 52.56% of the company’s stock.

Blend Labs Company Profile

Blend Labs, Inc operates as a financial technology company that offers a digital consumer banking platform designed to simplify and automate the lending and account opening processes for banks and credit unions. Its cloud-native software enables financial institutions to deliver a more seamless customer experience by consolidating multiple steps—such as application intake, identity verification, document collection and underwriting—into a unified digital workflow. Blend’s platform is built to integrate with existing core banking systems and third-party data providers, allowing clients to accelerate loan origination and deposit account opening while maintaining compliance and security standards.

The company’s product suite includes solutions for mortgage origination, home equity lending, consumer personal lending and deposit account opening.