Tudor Investment Corp ET AL Takes $508,000 Position in Blend Labs, Inc. (NYSE:BLND)

Tudor Investment Corp ET AL bought a new stake in Blend Labs, Inc. (NYSE:BLND - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 120,625 shares of the company's stock, valued at approximately $508,000.

Several other large investors also recently made changes to their positions in BLND. Oxford Asset Management LLP lifted its position in shares of Blend Labs by 171.2% during the 4th quarter. Oxford Asset Management LLP now owns 50,360 shares of the company's stock worth $212,000 after purchasing an additional 31,788 shares during the last quarter. Boothbay Fund Management LLC grew its stake in shares of Blend Labs by 11.6% in the 4th quarter. Boothbay Fund Management LLC now owns 238,865 shares of the company's stock valued at $1,006,000 after purchasing an additional 24,879 shares during the period. Oberweis Asset Management Inc. bought a new stake in shares of Blend Labs in the 4th quarter valued at approximately $4,061,000. Price T Rowe Associates Inc. MD grew its stake in shares of Blend Labs by 23.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 94,242 shares of the company's stock valued at $397,000 after purchasing an additional 17,914 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of Blend Labs by 75.2% in the 4th quarter. Hsbc Holdings PLC now owns 48,414 shares of the company's stock valued at $207,000 after purchasing an additional 20,780 shares during the period. Institutional investors own 52.56% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group lowered their price objective on Blend Labs from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Friday, February 28th. Canaccord Genuity Group reiterated a "buy" rating and issued a $5.25 price objective on shares of Blend Labs in a research note on Monday. The Goldman Sachs Group lowered their price objective on Blend Labs from $5.60 to $4.80 and set a "buy" rating on the stock in a research note on Monday. Keefe, Bruyette & Woods decreased their price target on Blend Labs from $3.85 to $3.50 and set a "market perform" rating on the stock in a research report on Monday, March 3rd. Finally, Wells Fargo & Company decreased their price objective on Blend Labs from $6.00 to $5.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Blend Labs currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.83.

Blend Labs Stock Up 1.0%

BLND traded up $0.04 during trading on Monday, reaching $3.56. 3,276,133 shares of the stock traded hands, compared to its average volume of 2,972,523. The stock has a market capitalization of $923.10 million, a PE ratio of -10.46 and a beta of 1.29. The stock's 50-day moving average is $3.33 and its 200 day moving average is $3.88. Blend Labs, Inc. has a 12 month low of $2.08 and a 12 month high of $5.53.

Blend Labs (NYSE:BLND - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.02). As a group, equities research analysts anticipate that Blend Labs, Inc. will post -0.19 EPS for the current year.

Blend Labs Company Profile

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.