Blend Labs (NYSE:BLND) Price Target Lowered to $5.00 at Citizens Jmp

Blend Labs (NYSE:BLND) had its target price reduced by Citizens Jmp from $7.00 to $5.00 in a research report released on Wednesday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blend Labs in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Blend Labs from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.13.

Blend Labs Price Performance

Shares of BLND stock opened at $1.81 on Wednesday. Blend Labs has a fifty-two week low of $1.57 and a fifty-two week high of $4.49. The stock’s 50-day moving average is $2.30 and its two-hundred day moving average is $3.01. The firm has a market cap of $468.84 million, a P/E ratio of -18.05 and a beta of 1.27.

Blend Labs (NYSE:BLND) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The firm had revenue of $32.37 million during the quarter, compared to analyst estimates of $31.78 million. As a group, research analysts expect that Blend Labs will post -0.19 EPS for the current year.

Insider Buying and Selling at Blend Labs

In related news, insider Brian Kneafsey sold 25,000 shares of the firm’s 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 transaction, the insider directly owned 649,824 shares of the company’s stock, valued at approximately $1,988,461.44. This trade represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 33,125 shares of company stock valued at $93,169. 35.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Blend Labs

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC acquired a new stake in shares of Blend Labs in the fourth quarter worth $132,000. AQR Capital Management LLC boosted its holdings in Blend Labs by 32.2% during the first quarter. AQR Capital Management LLC now owns 883,296 shares of the company’s stock valued at $2,959,000 after acquiring an additional 214,998 shares during the period. Savant Capital LLC grew its position in shares of Blend Labs by 72.2% in the second quarter. Savant Capital LLC now owns 29,694 shares of the company’s stock valued at $98,000 after purchasing an additional 12,452 shares during the last quarter. Creative Planning lifted its position in shares of Blend Labs by 81.4% during the 2nd quarter. Creative Planning now owns 34,036 shares of the company’s stock worth $112,000 after purchasing an additional 15,276 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Blend Labs during the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Key Headlines Impacting Blend Labs

Here are the key news stories impacting Blend Labs this week:

• Positive Sentiment: Company announced a $50 million share buyback, which supports the stock by reducing float and signaling management confidence. Blend Labs stock climbs after $50M stock buyback
• Positive Sentiment: Wells Fargo lowered its price target (to $4) but maintained an “overweight” stance, implying the firm still sees material upside versus current levels. Wells Fargo price target update
• Positive Sentiment: Citizens JMP trimmed its target but kept a “market outperform” rating (PT lowered to $5), another vote of confidence that the stock can rebound longer term. Citizens JMP price target change
• Neutral Sentiment: Q4 revenue of $32.37M modestly beat consensus ($31.78M), showing top-line momentum but not a large beat. Blend Labs press release
• Neutral Sentiment: CEO emphasized long-term confidence on the call, a reassuring tone for investors but not an immediate financial catalyst. CEO: “I have never been more excited”
• Negative Sentiment: Blend reported an EPS miss (loss of $0.03 vs. $0.01 expected), which pressured near-term valuation and raises questions about margin recovery. Blend Labs Q4 earnings summary
• Negative Sentiment: Q1 revenue guidance of $28.5M–$30.0M came in below the Street (~$31.9M), which is the main driver of caution and likely why some analysts trimmed forecasts. Preliminary Q4 and guidance
• Negative Sentiment: Analysts have cut forecasts after the Q4/guide print, and UBS lowered its target to $2 with a “neutral” rating—reducing expected upside from some corners of the market. Analysts slash forecasts after Q4 results

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.