Blend Labs, Inc. (NYSE:BLND - Get Free Report) insider Amir Jafari purchased 6,265 shares of the company's stock in a transaction dated Friday, April 12th. The stock was purchased at an average price of $2.65 per share, with a total value of $16,602.25. Following the transaction, the insider now owns 402,716 shares of the company's stock, valued at $1,067,197.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Amir Jafari also recently made the following trade(s):
- On Wednesday, March 13th, Amir Jafari acquired 5,555 shares of Blend Labs stock. The stock was acquired at an average cost of $3.00 per share, for a total transaction of $16,665.00.
Blend Labs Stock Performance
Shares of NYSE BLND opened at $2.42 on Tuesday. The company has a 50-day simple moving average of $2.83 and a 200-day simple moving average of $2.16. The company has a debt-to-equity ratio of 34.81, a current ratio of 5.38 and a quick ratio of 5.38. The company has a market cap of $609.96 million, a PE ratio of -3.14 and a beta of 1.00. Blend Labs, Inc. has a 12 month low of $0.53 and a 12 month high of $3.40.
Blend Labs (NYSE:BLND - Get Free Report) last released its earnings results on Friday, March 15th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). The firm had revenue of $36.10 million during the quarter, compared to analysts' expectations of $37.52 million. Blend Labs had a negative net margin of 118.15% and a negative return on equity of 595.99%. On average, equities analysts anticipate that Blend Labs, Inc. will post -0.47 earnings per share for the current year.
Analyst Ratings Changes
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Several analysts have issued reports on BLND shares. Wells Fargo & Company raised shares of Blend Labs from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $1.50 to $3.50 in a report on Wednesday, December 20th. The Goldman Sachs Group upped their target price on Blend Labs from $1.60 to $3.10 and gave the company a "buy" rating in a research note on Friday, March 15th. Canaccord Genuity Group increased their target price on Blend Labs from $2.00 to $3.00 and gave the company a "hold" rating in a report on Monday, March 18th. Finally, Keefe, Bruyette & Woods boosted their price target on Blend Labs from $1.85 to $2.65 and gave the stock a "market perform" rating in a report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $3.06.
View Our Latest Research Report on BLND
Institutional Investors Weigh In On Blend Labs
Several hedge funds have recently made changes to their positions in BLND. JPL Wealth Management LLC acquired a new stake in Blend Labs in the 4th quarter worth about $26,000. Walleye Capital LLC purchased a new position in shares of Blend Labs during the 2nd quarter worth about $28,000. Hsbc Holdings PLC purchased a new position in shares of Blend Labs during the 3rd quarter worth about $28,000. Centiva Capital LP purchased a new stake in Blend Labs in the fourth quarter valued at approximately $28,000. Finally, CI Private Wealth LLC acquired a new position in Blend Labs during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 52.56% of the company's stock.
About Blend Labs
(
Get Free Report)
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.
Further Reading
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