Blend Labs (NYSE:BLND) Hits New 52-Week Low – Time to Sell?

Blend Labs, Inc. (NYSE:BLND)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $1.71 and last traded at $1.7650, with a volume of 3629571 shares. The stock had previously closed at $1.98.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $5.25 price target on shares of Blend Labs in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blend Labs in a report on Wednesday, January 21st. UBS Group decreased their price objective on shares of Blend Labs from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Finally, Wall Street Zen raised shares of Blend Labs from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $4.80.

Blend Labs Trading Down 10.9%

The company has a market cap of $458.46 million, a PE ratio of -17.65 and a beta of 1.23. The business’s 50 day moving average is $2.87 and its two-hundred day moving average is $3.23.

Insider Buying and Selling

In related news, insider Brian Kneafsey sold 25,000 shares of the firm’s 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 transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 35.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. PFG Advisors lifted its position in shares of Blend Labs by 4.9% during the fourth quarter. PFG Advisors now owns 78,956 shares of the company’s stock valued at $240,000 after buying an additional 3,684 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in Blend Labs by 18.4% during the third quarter. Moneta Group Investment Advisors LLC now owns 33,922 shares of the company’s stock valued at $124,000 after acquiring an additional 5,265 shares during the last quarter. Covestor Ltd boosted its stake in Blend Labs by 40.1% in the fourth quarter. Covestor Ltd now owns 18,909 shares of the company’s stock valued at $57,000 after acquiring an additional 5,409 shares in the last quarter. Diversified Trust Co. grew its holdings in Blend Labs by 11.1% in the fourth quarter. Diversified Trust Co. now owns 83,473 shares of the company’s stock worth $254,000 after purchasing an additional 8,355 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Blend Labs during the third quarter worth $32,000. 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.