NYSE:BLND

Blend Labs (BLND) Stock Price, News & Analysis

$2.42
+0.12 (+5.22%)
(As of 05/2/2024 ET)
Today's Range
$2.24
$2.46
50-Day Range
$2.23
$3.29
52-Week Range
$0.53
$3.40
Volume
1.06 million shs
Average Volume
1.74 million shs
Market Capitalization
$609.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.06

Blend Labs MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
26.5% Upside
$3.06 Price Target
Short Interest
Healthy
4.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.43mentions of Blend Labs in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$491,260 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.

2.63 out of 5 stars

Computer And Technology Sector

342nd out of 596 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

32nd out of 58 stocks

BLND stock logo

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

BLND Stock News Headlines

The Long-Awaited End of America Update
A 995% Gain Last Time We Shared this "Election Secret" It's a straightforward way to come out on top no matter who wins this November… It's not cryptos, or options, and anyone can do it.
Fintech Blend raises millions to refinance debt
Blend Labs (NYSE:BLND) Stock Price Down 3.2% on Insider Selling
The Long-Awaited End of America Update
A 995% Gain Last Time We Shared this "Election Secret" It's a straightforward way to come out on top no matter who wins this November… It's not cryptos, or options, and anyone can do it.
Blend Labs, Inc. (NYSE:BLND) Insider Sells $246,977.15 in Stock
KBW Releases a Hold Rating on Blend Labs (BLND)
Blend Labs Stock Rises 22% With 4Q Backlog Boost
Goldman Sachs Keeps Their Buy Rating on Blend Labs (BLND)
Q4 2023 Blend Labs Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
3/15/2024
Today
5/02/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
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
+33.4%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$-178,690,000.00
Net Margins
-118.15%
Pretax Margin
-114.62%

Debt

Sales & Book Value

Annual Sales
$156.85 million
Book Value
($0.08) per share

Miscellaneous

Free Float
222,231,000
Market Cap
$578.45 million
Optionable
Not Optionable
Beta
1.10
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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

BLND Stock Analysis - Frequently Asked Questions

Should I buy or sell Blend Labs stock right now?

5 Wall Street 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 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 Wall Street research analysts have issued 12 month target prices for Blend Labs' stock. Their BLND share price targets range from $2.65 to $3.50. On average, they anticipate the company's stock price to reach $3.06 in the next twelve months. This suggests a possible upside of 26.5% 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 on January 1st, 2024. Since then, BLND stock has decreased by 5.1% and is now trading at $2.42.
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 volume of 1,780,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 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 Wednesday, May 8th 2024.
View our BLND earnings forecast
.

How can I listen to Blend Labs' earnings call?

Blend Labs will be holding an earnings conference call on Wednesday, May 8th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Blend Labs' earnings last quarter?

Blend Labs, Inc. (NYSE:BLND) posted its earnings results on Friday, March, 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.10). The company 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 Global X PropTech ETF (PTEC).

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

Blend Labs updated its first quarter 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share (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 many different institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (0.12%), Fifth Lane Capital LP (0.01%), Cannon Global Investment Management LLC (0.01%) and Concourse Financial Group Securities Inc. (0.00%). 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 5/2/2024 by MarketBeat.com Staff

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