Blend Labs, Inc. (NYSE:BLND) Receives $4.80 Consensus Price Target from Analysts

Shares of Blend Labs, Inc. (NYSE:BLND) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $4.80.

BLND has been the subject of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $5.25 price objective on shares of Blend Labs in a research report on Tuesday, October 28th. UBS Group cut their price target on Blend Labs from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blend Labs in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Blend Labs from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th.

Insiders Place Their Bets

In other Blend Labs news, insider Brian Kneafsey sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $3.34, for a total transaction of $83,500.00. Following the completion of the sale, the insider directly owned 687,909 shares in the company, valued at $2,297,616.06. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 35.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Blend Labs

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of Blend Labs by 36.0% in the first quarter. Acadian Asset Management LLC now owns 1,430,949 shares of the company’s stock valued at $4,788,000 after buying an additional 378,667 shares during the period. Perigon Wealth Management LLC acquired a new position in Blend Labs in the 2nd quarter valued at $1,712,000. Panagora Asset Management Inc. acquired a new position in Blend Labs in the 2nd quarter valued at $2,466,000. Mount Lucas Management LP bought a new stake in shares of Blend Labs during the 2nd quarter valued at $660,000. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Blend Labs during the 3rd quarter worth $3,043,000. Institutional investors own 52.56% of the company’s stock.

Blend Labs Stock Performance

Shares of NYSE:BLND opened at $3.05 on Thursday. Blend Labs has a 52-week low of $2.50 and a 52-week high of $4.49. The company has a market capitalization of $790.94 million, a P/E ratio of -30.45 and a beta of 1.23. The company has a 50-day simple moving average of $3.15 and a 200 day simple moving average of $3.38.

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.