Wells Fargo & Company Cuts Blend Labs (NYSE:BLND) Price Target to $4.00

Blend Labs (NYSE:BLND) had its price objective decreased by analysts at Wells Fargo & Company from $5.00 to $4.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 124.09% from the company’s previous close.

Several other brokerages have also issued reports on BLND. Wall Street Zen raised Blend Labs from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Citizens Jmp lowered their price objective on shares of Blend Labs from $7.00 to $5.00 and set a “market outperform” rating for the company in a research note on Wednesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Blend Labs in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Blend Labs currently has an average rating of “Hold” and an average price target of $4.30.

Blend Labs Stock Up 9.5%

Blend Labs stock traded up $0.16 during trading hours on Wednesday, reaching $1.79. 3,451,585 shares of the company’s stock were exchanged, compared to its average volume of 3,308,955. The firm’s 50 day simple moving average is $2.33 and its 200 day simple moving average is $3.02. Blend Labs has a twelve month low of $1.57 and a twelve month high of $4.49. The firm has a market capitalization of $463.65 million, a PE ratio of -17.85 and a beta of 1.27.

Blend Labs (NYSE:BLND) last announced its quarterly earnings data on Tuesday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $32.37 million during the quarter, compared to the consensus estimate of $31.78 million. Analysts anticipate that Blend Labs will post -0.19 EPS for the current year.

Insider Activity

In related news, insider Brian Kneafsey sold 25,000 shares of Blend Labs stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $3.06, for a total value of $76,500.00. Following the completion of the sale, the insider owned 649,824 shares of the company’s stock, valued at approximately $1,988,461.44. This trade represents a 3.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 33,125 shares of company stock valued at $93,169. 35.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of Blend Labs by 248.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 30,645 shares of the company’s stock valued at $93,000 after buying an additional 21,859 shares during the last quarter. Virtu Financial LLC raised its holdings in shares of Blend Labs by 356.6% in the 4th quarter. Virtu Financial LLC now owns 63,823 shares of the company’s stock worth $194,000 after acquiring an additional 49,845 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Blend Labs by 16.5% in the 4th quarter. Invesco Ltd. now owns 342,236 shares of the company’s stock worth $1,040,000 after acquiring an additional 48,530 shares during the last quarter. Lexington Hill Partners LLC bought a new position in Blend Labs in the 4th quarter valued at about $42,000. Finally, EP Wealth Advisors LLC acquired a new position in Blend Labs during the 4th quarter valued at about $695,000. 52.56% of the stock is owned by institutional investors.

More Blend Labs News

Here are the key news stories impacting Blend Labs this week:

• Positive Sentiment: Company announced a $50 million share buyback, which supports the stock and signals management confidence. Article Title
• Positive Sentiment: Q4 revenue beat — Blend reported $32.37M in revenue vs. analyst estimates of $31.78M, showing continued top-line growth that investors favor. Article Title
• Positive Sentiment: CEO commentary was strongly upbeat (“I have never been more excited”), which can bolster investor sentiment around execution and strategy. Article Title
• Neutral Sentiment: Citizens Jmp cut its price target from $7 to $5 but kept a “market outperform” rating — a mixed signal (lower target, but continued conviction). Article Title
• Negative Sentiment: EPS missed — Blend reported (‑$0.03) EPS vs. consensus of $0.01, which raises near-term profitability concerns. Article Title
• Negative Sentiment: FYQ1 revenue guidance came in below consensus: company guided $28.5M–$30.0M vs. Street ~$31.9M, which tempers the positive reaction and raises short-term growth concerns. Article Title
• Negative Sentiment: Analyst coverage is mixed/tepid — the average rating sits around “Hold,” which may limit sustained upside until guidance and profitability improve. Article Title

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.