Blend Labs, Inc. $BLND Shares Purchased by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP increased its stake in Blend Labs by 114.6% during the 1st quarter, now holding 1,209,669 shares valued at approximately $4.05 million.
• Blend Labs has received various ratings from analysts, with a consensus target price of $4.88 and one analyst rating the stock as a Strong Buy.
• The company's latest earnings report showed a revenue of $31.52 million, falling short of expectations, with an earnings per share of (0.03), missing estimates by ($0.05).

Advantage Alpha Capital Partners LP grew its stake in shares of Blend Labs, Inc. (NYSE:BLND - Free Report) by 114.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,209,669 shares of the company's stock after buying an additional 645,953 shares during the period. Advantage Alpha Capital Partners LP owned 0.47% of Blend Labs worth $4,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lightspeed Management Company L.L.C. purchased a new stake in shares of Blend Labs during the fourth quarter valued at approximately $97,366,000. Whitebark Investors LP purchased a new stake in shares of Blend Labs during the fourth quarter valued at $10,895,000. Invesco Ltd. boosted its position in shares of Blend Labs by 1,230.9% during the fourth quarter. Invesco Ltd. now owns 1,576,347 shares of the company's stock valued at $6,636,000 after buying an additional 1,457,901 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Blend Labs by 748.2% during the fourth quarter. Deutsche Bank AG now owns 1,203,511 shares of the company's stock valued at $5,067,000 after buying an additional 1,061,621 shares during the last quarter. Finally, Oberweis Asset Management Inc. purchased a new stake in shares of Blend Labs during the fourth quarter valued at $4,061,000. Hedge funds and other institutional investors own 52.56% of the company's stock.

Insiders Place Their Bets

In other Blend Labs news, insider Brian Kneafsey sold 25,000 shares of Blend Labs stock in a transaction on Friday, August 15th. The stock was sold at an average price of $2.87, for a total transaction of $71,750.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nima Ghamsari sold 311,886 shares of the business'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 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 561,736 shares of company stock valued at $1,739,383. 35.52% of the stock is owned by company insiders.

Blend Labs Price Performance

Shares of Blend Labs stock traded up $0.12 on Wednesday, reaching $3.59. The company had a trading volume of 1,002,596 shares, compared to its average volume of 2,889,431. The firm has a market cap of $930.88 million, a price-to-earnings ratio of -23.90 and a beta of 1.24. The firm's 50-day moving average price is $3.36 and its two-hundred day moving average price is $3.42. Blend Labs, Inc. has a 1 year low of $2.63 and a 1 year high of $5.53.

Blend Labs (NYSE:BLND - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). The firm 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. As a group, analysts anticipate that Blend Labs, Inc. will post -0.19 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on BLND. UBS Group dropped their target price 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. Canaccord Genuity Group reissued a "buy" rating and set a $5.25 target price on shares of Blend Labs in a research note on Friday, August 22nd. Wall Street Zen raised Blend Labs from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Keefe, Bruyette & Woods decreased their target price on Blend Labs from $4.00 to $3.75 and set a "market perform" rating on the stock in a research note on Friday, August 8th. Finally, JMP Securities reissued a "market outperform" rating and set a $7.00 target price on shares of Blend Labs in a research note on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Blend Labs has a consensus rating of "Moderate Buy" and a consensus target price of $4.88.

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.