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

Blend Labs, Inc. (NYSE:BLND) has been assigned an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Two investment analysts have 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 1 year price target among brokerages that have issued ratings on the stock in the last year is $3.3167.

Several research firms recently weighed in on BLND. Weiss Ratings downgraded Blend Labs from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. Canaccord Genuity Group cut their price objective on Blend Labs from $5.25 to $4.50 and set a “buy” rating for the company in a research note on Friday, May 15th. Zacks Research lowered shares of Blend Labs from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Keefe, Bruyette & Woods decreased their target price on shares of Blend Labs from $2.25 to $1.90 and set a “market perform” rating on the stock in a research note on Friday, May 8th. Finally, Citizens Jmp dropped their target price on shares of Blend Labs from $5.00 to $4.00 and set a “market outperform” rating for the company in a report on Friday, May 8th.

Blend Labs Stock Performance

Shares of BLND stock opened at $1.80 on Monday. The company has a market capitalization of $437.03 million, a price-to-earnings ratio of -18.05 and a beta of 1.10. Blend Labs has a one year low of $1.18 and a one year high of $4.49. The company’s 50-day moving average is $1.66 and its 200 day moving average is $1.90.

Institutional Trading of Blend Labs

Several institutional investors have recently made changes to their positions in BLND. Capricorn Fund Managers Ltd purchased a new stake in shares of Blend Labs during the 1st quarter valued at about $11,049,000. Irenic Capital Management LP purchased a new position in Blend Labs in the fourth quarter worth about $9,469,000. Park West Asset Management LLC bought a new stake in Blend Labs during the third quarter worth approximately $6,205,000. Potrero Capital Research LLC purchased a new stake in Blend Labs during the fourth quarter valued at approximately $5,050,000. Finally, Marshall Wace LLP raised its position in Blend Labs by 157.6% during the second quarter. Marshall Wace LLP now owns 2,522,141 shares of the company’s stock valued at $8,323,000 after purchasing an additional 1,543,220 shares during the period. Hedge funds and other institutional investors 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.