Blend Labs, Inc. (NYSE:BLND) Receives Average Recommendation of “Hold” from Analysts

Blend Labs, Inc. (NYSE:BLND) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.3167.

Several research analysts have issued reports on BLND shares. Canaccord Genuity Group dropped 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. The Goldman Sachs Group set a $3.50 target price on shares of Blend Labs in a research note on Friday, May 8th. Weiss Ratings lowered shares of Blend Labs from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. 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 research report on Friday, May 8th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Blend Labs from $2.25 to $1.90 and set a “market perform” rating for the company in a research report on Friday, May 8th.

Blend Labs Price Performance

Blend Labs stock opened at $1.70 on Monday. The business has a 50 day simple moving average of $1.63 and a 200 day simple moving average of $1.93. The company has a market capitalization of $410.39 million, a PE ratio of -16.95 and a beta of 1.10. Blend Labs has a one year low of $1.18 and a one year high of $4.49.

Institutional Trading of Blend Labs

Hedge funds have recently modified their holdings of the company. Essential Partners LLC boosted its holdings in shares of Blend Labs by 21,768.1% in the 1st quarter. Essential Partners LLC now owns 15,745 shares of the company’s stock worth $27,000 after acquiring an additional 15,673 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Blend Labs during the 3rd quarter valued at $32,000. Captrust Financial Advisors acquired a new stake in Blend Labs during the 2nd quarter valued at $35,000. South Shore Capital Advisors bought a new position in Blend Labs in the 4th quarter valued at $36,000. Finally, Jump Financial LLC bought a new position in Blend Labs in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Blend Labs Company Profile

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.