Blend Labs, Inc. (NYSE:BLND) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus rating of “Hold” on Blend Labs from seven brokerages (1 sell, 2 hold, 4 buy) with an average 12‑month price target of about $4.13, and several firms recently reduced targets (e.g., UBS to $2, Wells Fargo to $4, Citizens JMP to $5).
• Institutional investors have been adding shares—AQR increased holdings by 32.2% to 883,296 shares and Prudential grew its position by 587% to 123,220 shares—leaving about 52.56% of the company owned by hedge funds and other institutions.
• Blend’s stock is trading near its year low (opened at $1.44, 12‑month low $1.33, high $4.49) with a market cap of roughly $369 million and a negative P/E (-14.35)

Blend Labs, Inc. (NYSE:BLND - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $4.1333.

Several research analysts have commented on the company. UBS Group reduced their price objective on Blend Labs from $3.00 to $2.00 and set a "neutral" rating on the stock in a report on Wednesday, March 11th. Citizens Jmp reduced their price objective on Blend Labs from $7.00 to $5.00 and set a "market outperform" rating on the stock in a report on Wednesday, March 11th. Weiss Ratings restated a "sell (d-)" rating on shares of Blend Labs in a report on Monday, April 20th. Finally, Wells Fargo & Company reduced their price objective on Blend Labs from $5.00 to $4.00 and set an "overweight" rating on the stock in a report on Wednesday, March 11th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BLND. Revolve Wealth Partners LLC purchased a new position in Blend Labs during the 4th quarter worth $132,000. AQR Capital Management LLC increased its holdings in Blend Labs by 32.2% during the 1st quarter. AQR Capital Management LLC now owns 883,296 shares of the company's stock worth $2,959,000 after purchasing an additional 214,998 shares during the period. Creative Planning increased its holdings in Blend Labs by 81.4% during the 2nd quarter. Creative Planning now owns 34,036 shares of the company's stock worth $112,000 after purchasing an additional 15,276 shares during the period. Legal & General Group Plc increased its holdings in Blend Labs by 18.4% during the 2nd quarter. Legal & General Group Plc now owns 241,030 shares of the company's stock worth $795,000 after purchasing an additional 37,373 shares during the period. Finally, Prudential Financial Inc. increased its holdings in Blend Labs by 587.0% during the 2nd quarter. Prudential Financial Inc. now owns 123,220 shares of the company's stock worth $407,000 after purchasing an additional 105,285 shares during the period. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

Blend Labs Stock Up 1.8%

BLND stock opened at $1.44 on Wednesday. The business's fifty day simple moving average is $1.64 and its two-hundred day simple moving average is $2.49. Blend Labs has a twelve month low of $1.33 and a twelve month high of $4.49. The firm has a market cap of $368.95 million, a price-to-earnings ratio of -14.35 and a beta of 1.22.

Blend Labs Company Profile

Blend Labs, Inc operates as a financial technology company that offers a digital consumer banking platform designed to simplify and automate the lending and account opening processes for banks and credit unions. Its cloud-native software enables financial institutions to deliver a more seamless customer experience by consolidating multiple steps—such as application intake, identity verification, document collection and underwriting—into a unified digital workflow. Blend's platform is built to integrate with existing core banking systems and third-party data providers, allowing clients to accelerate loan origination and deposit account opening while maintaining compliance and security standards.

The company's product suite includes solutions for mortgage origination, home equity lending, consumer personal lending and deposit account opening.

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