Blend Labs, Inc. (NYSE:BLND) Given Consensus Rating of “Hold” by Analysts

Blend Labs, Inc. (NYSE:BLND) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $4.80.

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Blend Labs from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Canaccord Genuity Group restated a “buy” rating and set a $5.25 price target on shares of Blend Labs in a research note on Tuesday, October 28th. UBS Group decreased their price target on shares of Blend Labs from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Blend Labs in a research report on Wednesday.

Blend Labs Price Performance

Blend Labs stock opened at $2.80 on Monday. Blend Labs has a 1-year low of $2.50 and a 1-year high of $4.49. The business has a fifty day moving average price of $3.08 and a 200-day moving average price of $3.34. The stock has a market capitalization of $726.00 million, a price-to-earnings ratio of -27.95 and a beta of 1.24.

Insiders Place Their Bets

In other news, insider Brian Kneafsey sold 25,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $3.06, for a total value of $76,500.00. Following the transaction, the insider directly owned 649,824 shares of the company’s stock, valued at approximately $1,988,461.44. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 35.52% of the company’s stock.

Hedge Funds Weigh In On Blend Labs

Several hedge funds and other institutional investors have recently bought and sold shares of BLND. Rice Hall James & Associates LLC purchased a new stake in shares of Blend Labs in the 3rd quarter valued at $3,043,000. Perigon Wealth Management LLC acquired a new position in Blend Labs during the second quarter valued at $1,712,000. Panagora Asset Management Inc. purchased a new stake in Blend Labs in the second quarter valued at $2,466,000. Mount Lucas Management LP acquired a new stake in Blend Labs during the 2nd quarter worth about $660,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Blend Labs by 110.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 40,070 shares of the company’s stock valued at $141,000 after buying an additional 21,035 shares during the last quarter. Institutional investors and hedge funds own 52.56% of the company’s stock.

About Blend Labs

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.