Blend Labs, Inc. (NYSE:BLND - Get Free Report) insider Nima Ghamsari sold 100,807 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $2.45, for a total transaction of $246,977.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Nima Ghamsari also recently made the following trade(s):
- On Friday, March 22nd, Nima Ghamsari sold 81,700 shares of Blend Labs stock. The shares were sold at an average price of $2.99, for a total transaction of $244,283.00.
Blend Labs Stock Up 3.1 %
Shares of NYSE:BLND opened at $2.48 on Friday. The company has a 50 day moving average price of $2.76 and a two-hundred day moving average price of $2.22. The company has a debt-to-equity ratio of 34.81, a quick ratio of 5.38 and a current ratio of 5.38. Blend Labs, Inc. has a 52 week low of $0.53 and a 52 week high of $3.40. The company has a market capitalization of $623.82 million, a PE ratio of -3.21 and a beta of 1.00.
Blend Labs (NYSE:BLND - Get Free Report) last released its earnings results on Friday, March 15th. The company reported ($0.10) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.10). The business had revenue of $36.10 million during the quarter, compared to the consensus estimate of $37.52 million. Blend Labs had a negative net margin of 118.15% and a negative return on equity of 595.99%. Analysts forecast that Blend Labs, Inc. will post -0.47 earnings per share for the current year.
Institutional Trading of Blend Labs
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Hedge funds have recently modified their holdings of the stock. Citigroup Inc. increased its position in Blend Labs by 327,281.9% during the third quarter. Citigroup Inc. now owns 379,763 shares of the company's stock worth $520,000 after acquiring an additional 379,647 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of Blend Labs during the 3rd quarter valued at approximately $234,000. Thrive Capital Management LLC bought a new stake in shares of Blend Labs during the 3rd quarter valued at approximately $46,000. Kingsview Wealth Management LLC boosted its position in Blend Labs by 36.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 95,245 shares of the company's stock worth $130,000 after buying an additional 25,245 shares during the period. Finally, Moneta Group Investment Advisors LLC acquired a new stake in Blend Labs during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 52.56% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on BLND shares. Keefe, Bruyette & Woods increased their price objective on shares of Blend Labs from $1.85 to $2.65 and gave the company a "market perform" rating in a report on Monday, March 18th. The Goldman Sachs Group increased their price objective on shares of Blend Labs from $1.60 to $3.10 and gave the company a "buy" rating in a report on Friday, March 15th. Finally, Canaccord Genuity Group upped their target price on shares of Blend Labs from $2.00 to $3.00 and gave the company a "hold" rating in a research note 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $3.06.
View Our Latest Analysis on Blend Labs
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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