Militia Capital Partners LP Invests $1.67 Million in Blend Labs, Inc. $BLND

Militia Capital Partners LP purchased a new stake in shares of Blend Labs, Inc. (NYSE:BLND) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 550,000 shares of the company’s stock, valued at approximately $1,672,000. Militia Capital Partners LP owned approximately 0.21% of Blend Labs at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BLND. Caitong International Asset Management Co. Ltd acquired a new position in Blend Labs during the 3rd quarter worth $32,000. Captrust Financial Advisors acquired a new position in Blend Labs during the 2nd quarter worth $35,000. South Shore Capital Advisors acquired a new position in Blend Labs during the 4th quarter worth $36,000. Savvy Advisors Inc. acquired a new position in Blend Labs during the 3rd quarter worth $37,000. Finally, Jump Financial LLC acquired a new position in Blend Labs during the 2nd quarter worth $38,000. 52.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on BLND shares. Citizens Jmp decreased their price objective on shares of Blend Labs from $5.00 to $4.00 and set a “market outperform” rating for the company in a report on Friday, May 8th. Wells Fargo & Company decreased their price objective on shares of Blend Labs from $5.00 to $4.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. Weiss Ratings lowered shares of Blend Labs from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. Citigroup restated an “outperform” rating on shares of Blend Labs in a research report on Friday, May 8th. Finally, The Goldman Sachs Group set a $3.50 price target on shares of Blend Labs in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Blend Labs has a consensus rating of “Hold” and a consensus price target of $3.32.

Blend Labs Stock Up 5.7%

Shares of NYSE:BLND opened at $1.78 on Wednesday. The company has a market cap of $429.76 million, a PE ratio of -17.75 and a beta of 1.09. The company’s 50-day moving average price is $1.57 and its 200 day moving average price is $2.11. Blend Labs, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $4.49.

Blend Labs Company Profile

Blend Labs, Inc operates as a financial technology company that offers a digital consumer banking platform designed to simplify and automate the lending and account opening processes for banks and credit unions. Its cloud-native software enables financial institutions to deliver a more seamless customer experience by consolidating multiple steps—such as application intake, identity verification, document collection and underwriting—into a unified digital workflow. Blend’s platform is built to integrate with existing core banking systems and third-party data providers, allowing clients to accelerate loan origination and deposit account opening while maintaining compliance and security standards.

The company’s product suite includes solutions for mortgage origination, home equity lending, consumer personal lending and deposit account opening.