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

Key Points

• Blend Labs, Inc. has received a consensus recommendation of "Moderate Buy" from eight ratings firms, with an average 12-month target price of $4.8833.
• The company's stock recently traded down by 3.7% and has a current market capitalization of $820.53 million.
• Insider transactions show a slight decrease in ownership from key individuals, as Nima Ghamsari sold over 311,000 shares at an average price of $2.90.

Blend Labs, Inc. (NYSE:BLND - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.8833.

Several brokerages have recently weighed in on BLND. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $5.25 price target on shares of Blend Labs in a research report on Friday, August 22nd. Weiss Ratings restated a "sell (d-)" rating on shares of Blend Labs in a report on Wednesday. Wall Street Zen upgraded Blend Labs from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Keefe, Bruyette & Woods decreased their price objective on Blend Labs from $4.00 to $3.75 and set a "market perform" rating for the company in a research note on Friday, August 8th. Finally, UBS Group dropped 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, August 8th.

Blend Labs Trading Down 3.7%

BLND opened at $3.16 on Friday. The company has a market capitalization of $820.53 million, a price-to-earnings ratio of -21.07 and a beta of 1.24. Blend Labs has a 12-month low of $2.63 and a 12-month high of $5.53. The business's fifty day simple moving average is $3.60 and its 200-day simple moving average is $3.47.

Blend Labs (NYSE:BLND - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). The company had revenue of $31.52 million during the quarter, compared to analysts' expectations of $31.93 million. Blend Labs has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Blend Labs will post -0.19 EPS for the current year.

Insider Buying and Selling

In other Blend Labs news, insider Nima Ghamsari sold 311,886 shares of Blend Labs stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $2.90, for a total value of $904,469.40. Following the transaction, the insider directly owned 5,754,051 shares of the company's stock, valued at approximately $16,686,747.90. The trade was a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Kneafsey sold 25,000 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $2.87, for a total value of $71,750.00. Following the transaction, the insider directly owned 696,598 shares in the company, valued at approximately $1,999,236.26. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 381,886 shares of company stock worth $1,135,369. Insiders own 35.52% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLND. Captrust Financial Advisors acquired a new position in Blend Labs during the 2nd quarter valued at about $35,000. Merit Financial Group LLC purchased a new stake in shares of Blend Labs during the first quarter worth about $36,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Blend Labs during the second quarter valued at about $37,000. Jump Financial LLC purchased a new position in shares of Blend Labs in the 2nd quarter valued at approximately $38,000. Finally, Quadrature Capital Ltd acquired a new stake in Blend Labs in the 2nd quarter worth approximately $40,000. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.