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

Blend Labs, Inc. (NYSE:BLND) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $4.80.

Several equities research analysts have weighed in on the company. UBS Group reduced their price objective on Blend Labs from $3.50 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blend Labs in a report on Wednesday, January 21st. 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. Finally, Wall Street Zen raised Blend Labs from a “sell” rating to a “hold” rating in a report on Sunday, November 16th.

Insider Transactions at Blend Labs

In other Blend Labs news, insider Brian Kneafsey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $3.06, for a total value of $76,500.00. Following the completion of the transaction, the insider owned 649,824 shares of the company’s stock, valued at $1,988,461.44. This trade represents a 3.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 35.52% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rice Hall James & Associates LLC acquired a new position in Blend Labs in the 3rd quarter valued at about $3,043,000. Mount Lucas Management LP acquired a new stake in Blend Labs in the second quarter valued at approximately $660,000. Panagora Asset Management Inc. acquired a new position in shares of Blend Labs in the second quarter valued at approximately $2,466,000. Brighton Jones LLC bought a new stake in shares of Blend Labs in the 2nd quarter valued at about $79,000. Finally, Proem Advisors LLC acquired a new stake in shares of Blend Labs during the third quarter worth $1,149,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Blend Labs Trading Down 1.7%

Blend Labs stock opened at $1.72 on Friday. The firm has a market capitalization of $446.77 million, a price-to-earnings ratio of -17.20 and a beta of 1.23. Blend Labs has a 12-month low of $1.64 and a 12-month high of $4.49. The firm has a 50 day moving average of $2.68 and a 200 day moving average of $3.16.

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.