Blend Labs, Inc. (NYSE:BLND) Given Consensus Rating of “Hold” by Analysts

Shares of Blend Labs, Inc. (NYSE:BLNDGet Free Report) have been assigned an average rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $3.3167.

Several equities research analysts have recently commented on BLND shares. Zacks Research lowered shares of Blend Labs from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods cut 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. Citizens Jmp reduced 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 report on Friday, May 8th. Citigroup reaffirmed an “outperform” rating on shares of Blend Labs in a report on Friday, May 8th. Finally, The Goldman Sachs Group set a $3.50 price target on shares of Blend Labs in a research report on Friday, May 8th.

View Our Latest Stock Analysis on BLND

Blend Labs Stock Performance

BLND stock opened at $1.80 on Monday. Blend Labs has a fifty-two week low of $1.18 and a fifty-two week high of $4.49. The business’s 50-day moving average is $1.66 and its two-hundred day moving average is $1.89. The company has a market cap of $437.03 million, a price-to-earnings ratio of -18.05 and a beta of 1.10.

Hedge Funds Weigh In On Blend Labs

Institutional investors have recently bought and sold shares of the stock. Essential Partners LLC grew its holdings in Blend Labs by 21,768.1% during the first quarter. Essential Partners LLC now owns 15,745 shares of the company’s stock valued at $27,000 after purchasing an additional 15,673 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Blend Labs in the third quarter worth about $32,000. Captrust Financial Advisors purchased a new position in shares of Blend Labs during the 2nd quarter valued at about $35,000. South Shore Capital Advisors purchased a new position in shares of Blend Labs during the 4th quarter valued at about $36,000. Finally, Jump Financial LLC bought a new position in shares of Blend Labs during the 2nd quarter valued at approximately $38,000. 52.56% of the stock is owned by institutional investors.

About Blend Labs

(Get Free Report)

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.

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Analyst Recommendations for Blend Labs (NYSE:BLND)

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