Blend Labs, Inc. $BLND Shares Acquired by Royce & Associates LP

Royce & Associates LP raised its stake in shares of Blend Labs, Inc. (NYSE:BLND) by 18.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,978,135 shares of the company’s stock after purchasing an additional 306,895 shares during the quarter. Royce & Associates LP owned about 0.76% of Blend Labs worth $6,014,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. PFG Advisors boosted its holdings in shares of Blend Labs by 4.9% in the 4th quarter. PFG Advisors now owns 78,956 shares of the company’s stock valued at $240,000 after acquiring an additional 3,684 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Blend Labs by 18.4% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 33,922 shares of the company’s stock valued at $124,000 after acquiring an additional 5,265 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Blend Labs by 40.1% in the 4th quarter. Covestor Ltd now owns 18,909 shares of the company’s stock valued at $57,000 after acquiring an additional 5,409 shares during the last quarter. Diversified Trust Co. boosted its holdings in shares of Blend Labs by 11.1% in the 4th quarter. Diversified Trust Co. now owns 83,473 shares of the company’s stock valued at $254,000 after acquiring an additional 8,355 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Blend Labs in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Analyst Upgrades and Downgrades

BLND has been the topic of several recent research reports. Citizens Jmp dropped their price objective on shares of Blend Labs from $5.00 to $4.00 and set a “market outperform” rating on the stock in a report on Friday, May 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Blend Labs from $2.25 to $1.90 and set a “market perform” rating on the stock in a report on Friday, May 8th. Citigroup reaffirmed an “outperform” rating on shares of Blend Labs in a report on Friday, May 8th. UBS Group dropped their price objective on shares of Blend Labs from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Blend Labs from $5.00 to $4.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.32.

Blend Labs Stock Performance

Shares of NYSE BLND opened at $1.80 on Friday. The company’s fifty day moving average price is $1.58 and its 200 day moving average price is $2.23. Blend Labs, Inc. has a 1 year low of $1.18 and a 1 year high of $4.49. The company has a market capitalization of $434.61 million, a PE ratio of -17.95 and a beta of 1.03.

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.