Blend Labs (BLND) to Release Earnings on Thursday

Key Points

• Blend Labs (BLND) is set to announce its Q2 2025 earnings results on August 7th, with expectations of earnings at $0.02 per share and revenue of $31.93 million.
• The current stock price of Blend Labs is $3.35, and it has a market capitalization of approximately $869.86 million, with a consensus rating of "Moderate Buy" and an average price target of $4.90.
• Recent insider trading activity includes Nima Ghamsari selling 75,720 shares and Brian Kneafsey selling 25,000 shares of Blend Labs, indicating a decrease in their ownership stakes.

Blend Labs (NYSE:BLND - Get Free Report) is anticipated to post its Q2 2025 quarterly earnings results after the market closes on Thursday, August 7th. Analysts expect Blend Labs to post earnings of $0.02 per share and revenue of $31.93 million for the quarter.

Blend Labs Price Performance

Shares of NYSE:BLND traded up $0.24 during midday trading on Friday, hitting $3.55. The company had a trading volume of 3,718,240 shares, compared to its average volume of 1,510,774. The company has a market cap of $921.79 million, a price-to-earnings ratio of -17.75 and a beta of 1.24. Blend Labs has a 12-month low of $2.37 and a 12-month high of $5.53. The company has a fifty day moving average of $3.47 and a two-hundred day moving average of $3.49.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Blend Labs from $3.50 to $4.00 and gave the stock a "market perform" rating in a research note on Monday, May 19th. The Goldman Sachs Group reduced their price objective on Blend Labs from $5.60 to $4.80 and set a "buy" rating for the company in a research note on Monday, May 12th. Canaccord Genuity Group restated a "buy" rating and issued a $5.25 price objective on shares of Blend Labs in a research note on Monday, May 12th. Wells Fargo & Company dropped their target price on shares of Blend Labs from $6.00 to $5.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $7.00 target price on shares of Blend Labs in a report on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $4.90.

Insider Buying and Selling at Blend Labs

In related news, insider Brian Kneafsey sold 25,000 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $3.63, for a total value of $90,750.00. Following the completion of the transaction, the insider owned 721,598 shares of the company's stock, valued at approximately $2,619,400.74. This represents a 3.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nima Ghamsari sold 75,720 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $3.30, for a total transaction of $249,876.00. Following the completion of the transaction, the insider directly owned 6,065,937 shares of the company's stock, valued at $20,017,592.10. This represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 224,850 shares of company stock valued at $763,164 in the last ninety days. 35.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Blend Labs stock. AQR Capital Management LLC boosted its position in Blend Labs, Inc. (NYSE:BLND - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 883,296 shares of the company's stock after purchasing an additional 214,998 shares during the period. AQR Capital Management LLC owned approximately 0.34% of Blend Labs worth $2,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 52.56% of the company's stock.

About Blend Labs

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.