Blend Labs, Inc. $BLND Shares Acquired by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Blend Labs by 36%, acquiring 378,667 shares in the 1st quarter, bringing its total ownership to approximately 1.43 million shares valued at $4.79 million.
• Blend Labs reported a quarterly loss of ($0.03) earnings per share, missing expectations, with revenue of $31.52 million compared to a forecast of $31.93 million.
• Analysts have mixed opinions on Blend Labs, with a consensus rating of "Moderate Buy" and a target price averaging $4.88 after some price targets were reduced by leading investment firms.

Acadian Asset Management LLC increased its holdings in shares of Blend Labs, Inc. (NYSE:BLND - Free Report) by 36.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,430,949 shares of the company's stock after buying an additional 378,667 shares during the quarter. Acadian Asset Management LLC owned 0.55% of Blend Labs worth $4,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its stake in Blend Labs by 1.6% during the 4th quarter. California State Teachers Retirement System now owns 189,417 shares of the company's stock valued at $797,000 after purchasing an additional 3,049 shares during the last quarter. Arizona State Retirement System grew its stake in Blend Labs by 6.1% during the 1st quarter. Arizona State Retirement System now owns 61,485 shares of the company's stock valued at $206,000 after purchasing an additional 3,559 shares during the last quarter. Deutsche Bank AG grew its stake in Blend Labs by 0.5% during the 1st quarter. Deutsche Bank AG now owns 1,209,057 shares of the company's stock valued at $4,050,000 after purchasing an additional 5,546 shares during the last quarter. Quadrant Private Wealth Management LLC grew its stake in Blend Labs by 7.8% during the 1st quarter. Quadrant Private Wealth Management LLC now owns 81,801 shares of the company's stock valued at $274,000 after purchasing an additional 5,892 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in Blend Labs by 18.4% during the 1st quarter. Mackenzie Financial Corp now owns 41,511 shares of the company's stock valued at $139,000 after purchasing an additional 6,444 shares during the last quarter. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Blend Labs

In related news, insider Nima Ghamsari sold 311,886 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $16,686,747.90. This represents a 5.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian Kneafsey sold 25,000 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $2.87, for a total value of $71,750.00. Following the completion of the transaction, the insider directly owned 696,598 shares of the company's stock, valued at $1,999,236.26. The trade was a 3.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 441,886 shares of company stock valued at $1,334,169 in the last ninety days. 35.52% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BLND has been the topic of several research analyst reports. JMP Securities reiterated a "market outperform" rating and set a $7.00 price target on shares of Blend Labs in a research note on Wednesday, May 28th. Canaccord Genuity Group reiterated a "buy" rating and set a $5.25 price target on shares of Blend Labs in a research note on Friday, August 22nd. Wall Street Zen upgraded Blend Labs from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. 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 research note on Friday, August 8th. Finally, 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 report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Blend Labs has an average rating of "Moderate Buy" and a consensus target price of $4.88.

Blend Labs Price Performance

NYSE BLND traded down $0.03 during trading hours on Thursday, reaching $4.22. The company's stock had a trading volume of 3,262,608 shares, compared to its average volume of 3,569,619. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -28.13 and a beta of 1.25. Blend Labs, Inc. has a 1-year low of $2.63 and a 1-year high of $5.53. The company's 50-day moving average is $3.57 and its two-hundred day moving average is $3.46.

Blend Labs (NYSE:BLND - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.03) earnings per share 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 the consensus estimate of $31.93 million. Blend Labs has set its Q3 2025 guidance at EPS. Equities analysts forecast that Blend Labs, Inc. will post -0.19 EPS for the current fiscal year.

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.