Blend Labs, Inc. (NYSE:BLND) Receives Average Rating of “Hold” from Analysts

Blend Labs, Inc. (NYSE:BLND) has received a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $3.3167.

Several research firms have recently commented on BLND. Citizens Jmp reduced their target price on shares of Blend Labs from $5.00 to $4.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. The Goldman Sachs Group set a $3.50 target price on shares of Blend Labs in a research note on Friday, May 8th. UBS Group reduced their target price on shares of Blend Labs from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Weiss Ratings upgraded shares of Blend Labs from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. Finally, Canaccord Genuity Group reduced their target price on shares of Blend Labs from $5.25 to $4.50 and set a “buy” rating for the company in a research note on Friday, May 15th.

Institutional Trading of Blend Labs

Several hedge funds and other institutional investors have recently made changes to their positions in BLND. Essential Partners LLC lifted its stake in shares of Blend Labs by 21,768.1% in the first quarter. Essential Partners LLC now owns 15,745 shares of the company’s stock valued at $27,000 after purchasing an additional 15,673 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Blend Labs in the third quarter valued at about $32,000. Captrust Financial Advisors acquired a new stake in shares of Blend Labs in the second quarter valued at about $35,000. South Shore Capital Advisors acquired a new stake in shares of Blend Labs in the fourth quarter valued at about $36,000. Finally, Savvy Advisors Inc. acquired a new stake in shares of Blend Labs in the third quarter valued at about $37,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Blend Labs Stock Performance

BLND stock opened at $1.80 on Friday. Blend Labs has a one year low of $1.18 and a one year high of $4.49. The stock has a market capitalization of $434.61 million, a PE ratio of -17.95 and a beta of 1.03. The company has a fifty day moving average of $1.58 and a 200-day moving average of $2.23.

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.