Blend Labs, Inc. (NYSE:BLND) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Blend Labs, Inc. has received an average recommendation of "Moderate Buy" from analysts, with target prices varying from $3.50 to $5.25.
• Insider trading activity has been significant, with key executives selling over 561,736 shares in the last ninety days, indicating a decrease in their ownership positions.
• Despite a recent 16.6% stock price increase, Blend Labs reported a loss of $0.03 EPS for the previous quarter, falling short of analysts' expectations.

Shares of Blend Labs, Inc. (NYSE:BLND - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.8833.

Several equities analysts recently commented on the company. 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, May 12th. Wall Street Zen raised shares of Blend Labs from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Keefe, Bruyette & Woods dropped their price target on Blend Labs from $4.00 to $3.75 and set a "market perform" rating for the company in a research report on Friday, August 8th. UBS Group dropped their price objective on shares of Blend Labs from $4.00 to $3.50 and set a "neutral" rating for the company in a report on Friday, August 8th. Finally, The Goldman Sachs Group cut their target price 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.

Insider Activity

In other news, insider Brian Kneafsey sold 25,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $2.87, for a total transaction of $71,750.00. Following the transaction, the insider directly owned 696,598 shares of the company's stock, valued at approximately $1,999,236.26. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nima Ghamsari sold 311,886 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $2.90, for a total transaction of $904,469.40. Following the transaction, the insider directly owned 5,754,051 shares in the company, valued at approximately $16,686,747.90. The trade was a 5.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 561,736 shares of company stock valued at $1,739,383. Insiders own 35.52% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors bought a new position in Blend Labs during the 2nd quarter valued at about $35,000. Merit Financial Group LLC bought a new position in shares of Blend Labs in the first quarter worth about $36,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Blend Labs during the second quarter valued at approximately $37,000. Jump Financial LLC purchased a new position in shares of Blend Labs during the 2nd quarter valued at $38,000. Finally, Quadrature Capital Ltd bought a new position in shares of Blend Labs in the second quarter worth about $40,000. Hedge funds and other institutional investors own 52.56% of the company's stock.

Blend Labs Trading Up 16.6%

Blend Labs stock opened at $3.4750 on Friday. Blend Labs has a 1-year low of $2.63 and a 1-year high of $5.53. The firm has a market capitalization of $902.32 million, a price-to-earnings ratio of -23.17 and a beta of 1.24. The firm's fifty day moving average price is $3.34 and its two-hundred day moving average price is $3.44.

Blend Labs (NYSE:BLND - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). The company had revenue of $31.52 million during the quarter, compared to analyst estimates of $31.93 million. Blend Labs has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Blend Labs 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.

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