Blend Labs (NYSE:BLND) Given New $4.00 Price Target at Wells Fargo & Company

Blend Labs (NYSE:BLND) had its price objective decreased by Wells Fargo & Company from $5.00 to $4.00 in a report issued on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other brokerages have also recently commented on BLND. Wall Street Zen raised shares of Blend Labs from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Blend Labs in a report on Wednesday, January 21st. Finally, Citizens Jmp cut their price objective on Blend Labs from $7.00 to $5.00 and set a “market outperform” rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.13.

Blend Labs Price Performance

BLND opened at $1.81 on Wednesday. The stock has a market capitalization of $468.84 million, a PE ratio of -18.05 and a beta of 1.27. The firm’s fifty day moving average price is $2.30 and its 200 day moving average price is $3.01. Blend Labs has a 12-month low of $1.57 and a 12-month high of $4.49.

Blend Labs (NYSE:BLND) last announced its quarterly earnings data on Tuesday, March 10th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). The business had revenue of $32.37 million for the quarter, compared to the consensus estimate of $31.78 million. On average, equities research analysts forecast that Blend Labs will post -0.19 earnings per share for the current fiscal year.

Insider Activity at Blend Labs

In related news, insider Brian Kneafsey sold 25,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $3.06, for a total transaction of $76,500.00. Following the completion of the sale, the insider owned 649,824 shares of the company’s stock, 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 accessible through this hyperlink. Over the last ninety days, insiders have sold 33,125 shares of company stock valued at $93,169. Insiders own 35.52% of the company’s stock.

Hedge Funds Weigh In On Blend Labs

A number of large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Blend Labs during the third quarter valued at approximately $32,000. Savvy Advisors Inc. bought a new stake in shares of Blend Labs in the 3rd quarter worth approximately $37,000. Captrust Financial Advisors acquired a new position in Blend Labs during the 2nd quarter valued at approximately $35,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Blend Labs during the 2nd quarter valued at approximately $37,000. Finally, Jump Financial LLC bought a new position in Blend Labs during the 2nd quarter worth $38,000. Institutional investors own 52.56% of the company’s stock.

Trending Headlines about 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.