G2 Investment Partners Management LLC Buys 150,315 Shares of Blend Labs, Inc. (NYSE:BLND)

G2 Investment Partners Management LLC grew its holdings in Blend Labs, Inc. (NYSE:BLND - Free Report) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,394,133 shares of the company's stock after buying an additional 150,315 shares during the quarter. Blend Labs comprises 1.5% of G2 Investment Partners Management LLC's investment portfolio, making the stock its 29th biggest holding. G2 Investment Partners Management LLC owned 0.54% of Blend Labs worth $5,869,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Blend Labs by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 16,811,510 shares of the company's stock valued at $70,776,000 after acquiring an additional 388,583 shares during the last quarter. ShawSpring Partners LLC grew its holdings in shares of Blend Labs by 6.8% during the fourth quarter. ShawSpring Partners LLC now owns 7,079,165 shares of the company's stock valued at $29,803,000 after purchasing an additional 449,175 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Blend Labs by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 4,842,483 shares of the company's stock valued at $20,391,000 after purchasing an additional 75,379 shares during the last quarter. Metavasi Capital LP boosted its position in shares of Blend Labs by 6.4% during the fourth quarter. Metavasi Capital LP now owns 4,804,101 shares of the company's stock worth $20,225,000 after buying an additional 290,623 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Blend Labs by 697.6% during the third quarter. Principal Financial Group Inc. now owns 2,733,004 shares of the company's stock worth $10,249,000 after buying an additional 2,390,337 shares during the period. 52.56% of the stock is owned by hedge funds and other institutional investors.

Blend Labs Price Performance

Shares of NYSE BLND traded up $0.04 during mid-day trading on Monday, reaching $3.56. 3,276,133 shares of the company's stock traded hands, compared to its average volume of 2,972,630. Blend Labs, Inc. has a 1-year low of $2.08 and a 1-year high of $5.53. The stock has a market cap of $923.10 million, a P/E ratio of -10.46 and a beta of 1.29. The business has a 50-day simple moving average of $3.34 and a 200 day simple moving average of $3.88.

Blend Labs (NYSE:BLND - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.02). Equities research analysts anticipate that Blend Labs, Inc. will post -0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLND has been the topic of several research reports. UBS Group dropped their price target on Blend Labs from $4.00 to $3.50 and set a "neutral" rating on the stock in a report on Friday, February 28th. The Goldman Sachs Group reduced their target price on shares of Blend Labs from $5.60 to $4.80 and set a "buy" rating for the company in a research note on Monday. Canaccord Genuity Group restated a "buy" rating and set a $5.25 price target on shares of Blend Labs in a research note on Monday. Wells Fargo & Company dropped their price objective 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, Keefe, Bruyette & Woods lowered their price target on shares of Blend Labs from $3.85 to $3.50 and set a "market perform" rating for the company in a report on Monday, March 3rd. Two 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's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $4.83.

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.