Blend Labs (BLND) to Release Quarterly Earnings on Wednesday

Blend Labs (NYSE:BLND - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Blend Labs (NYSE:BLND - Get Free Report) last announced its quarterly earnings data on Friday, March 15th. The company reported ($0.10) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.10). Blend Labs had a negative net margin of 118.15% and a negative return on equity of 595.99%. The company had revenue of $36.10 million during the quarter, compared to analyst estimates of $37.52 million. On average, analysts expect Blend Labs to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Blend Labs Stock Up 5.2 %

Shares of NYSE:BLND traded up $0.12 during trading hours on Thursday, hitting $2.42. The company's stock had a trading volume of 1,062,646 shares, compared to its average volume of 1,740,196. Blend Labs has a 52 week low of $0.53 and a 52 week high of $3.40. The company has a debt-to-equity ratio of 34.81, a current ratio of 5.38 and a quick ratio of 5.38. The company has a market capitalization of $609.96 million, a price-to-earnings ratio of -3.14 and a beta of 1.10. The firm's fifty day moving average price is $2.74 and its 200 day moving average price is $2.25.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BLND shares. Canaccord Genuity Group boosted their price target on shares of Blend Labs from $2.00 to $3.00 and gave the company a "hold" rating in a report on Monday, March 18th. The Goldman Sachs Group boosted their price target on shares of Blend Labs from $1.60 to $3.10 and gave the company a "buy" rating in a report on Friday, March 15th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Blend Labs from $1.85 to $2.65 and gave the company a "market perform" rating in a report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Blend Labs presently has a consensus rating of "Hold" and an average target price of $3.06.

Insider Buying and Selling

In related news, insider Nima Ghamsari sold 100,807 shares of the business's stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $2.45, for a total transaction of $246,977.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.83% of the stock is currently owned by company insiders.

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.