Blend Labs, Inc. (NYSE:BLND) Given Average Recommendation of “Hold” by Analysts

Shares of Blend Labs, Inc. (NYSE:BLND) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $4.80.

BLND has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blend Labs in a research report on Wednesday, January 21st. UBS Group lowered their price objective on shares of Blend Labs from $3.50 to $3.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Wall Street Zen upgraded shares of Blend Labs from a “sell” rating to a “hold” rating in a report on Sunday, November 16th.

Blend Labs Trading Up 0.9%

NYSE:BLND opened at $1.67 on Tuesday. The business’s 50-day moving average is $2.36 and its 200 day moving average is $3.03. Blend Labs has a 12 month low of $1.57 and a 12 month high of $4.49. The company has a market capitalization of $432.48 million, a P/E ratio of -16.65 and a beta of 1.27.

Insider Activity

In other news, insider Brian Kneafsey sold 25,000 shares of Blend Labs stock in a transaction that occurred 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 transaction, the insider owned 649,824 shares in the company, valued at approximately $1,988,461.44. The trade was a 3.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 33,125 shares of company stock valued at $93,169. 35.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Blend Labs in the 3rd quarter worth about $32,000. Savvy Advisors Inc. bought a new position in Blend Labs during the 3rd quarter valued at about $37,000. Captrust Financial Advisors purchased a new stake in Blend Labs in the 2nd quarter worth about $35,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Blend Labs in the second quarter worth about $37,000. Finally, Jump Financial LLC bought a new stake in Blend Labs in the second quarter worth about $38,000. 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.