Blend Labs, Inc. (NYSE:BLND) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Blend Labs, Inc. (NYSE:BLND) have earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $4.8833.

A number of research firms have weighed in on BLND. Weiss Ratings reissued a “sell (d-)” rating on shares of Blend Labs in a research report on Wednesday. Canaccord Genuity Group reissued a “buy” rating and set a $5.25 target price on shares of Blend Labs in a research report on Friday, August 22nd. Wall Street Zen raised shares of Blend Labs from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. UBS Group decreased their target price on shares of Blend Labs from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Friday, August 8th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Blend Labs from $4.00 to $3.75 and set a “market perform” rating for the company in a research report on Friday, August 8th.

Insider Buying and Selling

In other Blend Labs news, insider Brian Kneafsey sold 25,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $2.87, for a total transaction of $71,750.00. Following the transaction, the insider directly owned 696,598 shares in the company, valued at approximately $1,999,236.26. This represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nima Ghamsari sold 311,886 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $2.90, for a total value of $904,469.40. Following the transaction, the insider owned 5,754,051 shares in the company, valued at $16,686,747.90. The trade was a 5.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 381,886 shares of company stock worth $1,135,369 over the last 90 days. Company insiders own 35.52% of the company’s stock.

Hedge Funds Weigh In On Blend Labs

Institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors bought a new position in shares of Blend Labs during the 2nd quarter worth approximately $35,000. Merit Financial Group LLC bought a new position in shares of Blend Labs during the 1st quarter worth approximately $36,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Blend Labs during the 2nd quarter worth approximately $37,000. Jump Financial LLC acquired a new position in shares of Blend Labs during the second quarter worth approximately $38,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Blend Labs during the second quarter worth approximately $40,000. 52.56% of the stock is currently owned by institutional investors.

Blend Labs Price Performance

Blend Labs stock opened at $3.16 on Friday. The business has a 50 day moving average of $3.60 and a 200-day moving average of $3.47. Blend Labs has a 1 year low of $2.63 and a 1 year high of $5.53. The company has a market capitalization of $820.53 million, a P/E ratio of -21.07 and a beta of 1.24.

Blend Labs (NYSE:BLND) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The firm had revenue of $31.52 million during the quarter, compared to the consensus estimate of $31.93 million. Blend Labs has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Blend Labs will post -0.19 EPS for the current year.

About Blend Labs

Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty.