Tudor Investment Corp ET AL Purchases Shares of 120,625 Blend Labs, Inc. (NYSE:BLND)

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

Other large investors have also bought and sold shares of the company. JPL Wealth Management LLC bought a new stake in shares of Blend Labs in the 4th quarter worth approximately $42,000. Olympiad Research LP bought a new stake in Blend Labs during the fourth quarter worth about $47,000. Trellis Wealth Advisors LLC purchased a new position in Blend Labs in the fourth quarter worth about $57,000. BBR Partners LLC purchased a new stake in shares of Blend Labs during the fourth quarter valued at $60,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Blend Labs in the fourth quarter worth approximately $70,000. 52.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BLND shares. Wells Fargo & Company cut their price target on Blend Labs from $6.00 to $5.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group reduced their price target on shares of Blend Labs from $5.60 to $4.80 and set a "buy" rating on the stock in a research report on Monday. Canaccord Genuity Group reissued a "buy" rating and issued a $5.25 price objective on shares of Blend Labs in a research note on Monday. UBS Group decreased their price objective on Blend Labs from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Friday, February 28th. Finally, Keefe, Bruyette & Woods cut their target price 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. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $4.83.

Blend Labs Stock Performance

BLND traded down $0.06 on Wednesday, hitting $3.58. The company had a trading volume of 598,370 shares, compared to its average volume of 2,965,544. Blend Labs, Inc. has a 12-month low of $2.08 and a 12-month high of $5.53. The stock has a market capitalization of $928.29 million, a price-to-earnings ratio of -10.51 and a beta of 1.29. The stock has a fifty day moving average price of $3.35 and a 200-day moving average price of $3.88.

Blend Labs 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.