Mirabella Financial Services LLP Grows Stock Position in Blend Labs, Inc. $BLND

Mirabella Financial Services LLP raised its stake in Blend Labs, Inc. (NYSE:BLND) by 64.5% in the third quarter, HoldingsChannel reports. The fund owned 2,643,777 shares of the company’s stock after purchasing an additional 1,036,777 shares during the period. Blend Labs accounts for approximately 0.8% of Mirabella Financial Services LLP’s investment portfolio, making the stock its 22nd largest holding. Mirabella Financial Services LLP’s holdings in Blend Labs were worth $9,650,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Blend Labs in the 3rd quarter valued at about $32,000. Captrust Financial Advisors acquired a new position in shares of Blend Labs during the 2nd quarter worth approximately $35,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Blend Labs during the second quarter worth $37,000. Savvy Advisors Inc. acquired a new position in shares of Blend Labs during the 3rd quarter valued at about $37,000. Finally, Jump Financial LLC purchased a new stake in shares of Blend Labs in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BLND shares. UBS Group lowered their price target on Blend Labs from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. Citizens Jmp dropped their price target on shares of Blend Labs from $7.00 to $5.00 and set a “market outperform” rating for the company in a research note on Wednesday, March 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Blend Labs in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company dropped their target price on Blend Labs from $5.00 to $4.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.13.

Insider Transactions at Blend Labs

In other Blend Labs news, insider Brian Kneafsey sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $3.06, for a total transaction of $76,500.00. Following the completion of the sale, the insider directly owned 649,824 shares of the company’s stock, valued at $1,988,461.44. This represents a 3.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 33,125 shares of company stock valued at $93,169. Insiders own 35.52% of the company’s stock.

Blend Labs Price Performance

Shares of Blend Labs stock opened at $1.53 on Thursday. The firm’s fifty day simple moving average is $2.15 and its 200-day simple moving average is $2.94. Blend Labs, Inc. has a 12 month low of $1.44 and a 12 month high of $4.49. The stock has a market capitalization of $396.12 million, a price-to-earnings ratio of -15.25 and a beta of 1.27.

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.