Blend Labs (NYSE:BLND) Raised to Hold at Wall Street Zen

Key Points

• Blend Labs (NYSE:BLND) was upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a more optimistic outlook for the company's shares.
• Various analysts have lowered their price targets for Blend Labs stock, with an average price target now at $4.88, reflecting a range of ratings from "hold" to "strong buy."
• The latest earnings results showed a loss with an EPS of (0.03), missing estimates, and analysts expect a further loss of -0.19 EPS for the current fiscal year.

Blend Labs (NYSE:BLND - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Sunday.

Several other equities research analysts also recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on Blend Labs from $4.00 to $3.75 and set a "market perform" rating for the company in a report on Friday, August 8th. The Goldman Sachs Group cut their price target on Blend Labs from $5.60 to $4.80 and set a "buy" rating for the company in a report on Monday, May 12th. JMP Securities reaffirmed a "market outperform" rating and set a $7.00 price target on shares of Blend Labs in a report on Wednesday, May 28th. Canaccord Genuity Group reiterated a "buy" rating and set a $5.25 price objective on shares of Blend Labs in a research report on Monday, May 12th. Finally, UBS Group lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Blend Labs currently has an average rating of "Moderate Buy" and a consensus price target of $4.88.

Blend Labs Stock Up 12.6%

Shares of NYSE BLND traded up $0.3750 during trading hours on Friday, hitting $3.3550. The company had a trading volume of 756,040 shares, compared to its average volume of 2,830,891. The stock has a market capitalization of $871.16 million, a P/E ratio of -22.37 and a beta of 1.24. Blend Labs has a 1-year low of $2.63 and a 1-year high of $5.53. The firm's 50 day moving average is $3.34 and its 200-day moving average is $3.44.

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

Insiders Place Their Bets

In related news, insider Brian Kneafsey sold 25,000 shares of the firm'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 owned 696,598 shares in the company, valued at approximately $1,999,236.26. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nima Ghamsari sold 311,886 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $2.90, for a total value of $904,469.40. Following the completion of the transaction, the insider owned 5,754,051 shares in the company, valued at $16,686,747.90. The trade was a 5.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 561,736 shares of company stock worth $1,739,383 in the last 90 days. 35.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors bought a new position in Blend Labs in the second quarter valued at about $35,000. Merit Financial Group LLC bought a new position in Blend Labs in the first quarter valued at about $36,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Blend Labs in the second quarter valued at about $37,000. Jump Financial LLC bought a new position in Blend Labs in the second quarter valued at about $38,000. Finally, Quadrature Capital Ltd bought a new position in Blend Labs in the second quarter valued at about $40,000. Institutional investors 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.