Analysts Set Blend Labs, Inc. (NYSE:BLND) Target Price at $3.32

Shares of Blend Labs, Inc. (NYSE:BLND) have earned an average rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $2.8167.

A number of equities research analysts recently commented on BLND shares. Weiss Ratings lowered Blend Labs from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. Citizens Jmp reiterated a “market outperform” rating and issued a $4.00 price objective on shares of Blend Labs in a research report on Tuesday, July 21st. Zacks Research lowered Blend Labs from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. The Goldman Sachs Group set a $3.00 target price on Blend Labs in a report on Friday, August 7th. Finally, Wells Fargo & Company cut their price target on Blend Labs from $4.00 to $3.00 and set an “overweight” rating for the company in a report on Friday, August 7th.

Blend Labs Trading Up 11.1%

NYSE BLND opened at $1.55 on Friday. The firm has a market cap of $376.50 million, a price-to-earnings ratio of -17.28 and a beta of 1.09. The company has a 50 day moving average of $1.73 and a 200-day moving average of $1.71. Blend Labs has a 1-year low of $1.18 and a 1-year high of $4.49.

Institutional Investors Weigh In On Blend Labs

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLND. Caitong International Asset Management Co. Ltd acquired a new position in shares of Blend Labs during the third quarter worth approximately $32,000. Captrust Financial Advisors acquired a new stake in shares of Blend Labs in the second quarter valued at approximately $35,000. Jump Financial LLC acquired a new stake in shares of Blend Labs in the second quarter valued at approximately $38,000. Wexford Capital LP bought a new position in Blend Labs in the 3rd quarter worth approximately $45,000. Finally, Cibc World Markets Corp bought a new position in Blend Labs in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

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.