During the last session, Blend Labs Inc. (NYSE:BLND)’s traded shares were 3.58 million. At the end of the trading day, the stock’s price was $3.05, reflecting an intraday gain of 5.54% or $0.16. The 52-week high for the BLND share is $21.04, that puts it down -589.84 from that peak though still a striking 5.9% gain since the share price plummeted to a 52-week low of $2.87. The company’s market capitalization is $766.50M, and the average trade volume was 2.56 million shares over the past three months.
Blend Labs Inc. (NYSE:BLND) trade information
Blend Labs Inc. (BLND) registered a 5.54% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.54% in intraday trading to $3.05 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -29.07%, and it has moved by -34.55% in 30 days.
Blend Labs Inc. (BLND) estimates and forecasts
Statistics show that Blend Labs Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Blend Labs Inc. (BLND) shares have gone down -80.26% during the last six months, with a year-to-date growth rate more than the industry average at 22.73% against 5.10.
Revenue for the current quarter is expected to be $83.05 million as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $77.71 million by the end of Mar 2022.
While earnings are projected to return -282.00% in 2022.
Blend Labs Inc. is due to release its next quarterly earnings on November 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Blend Labs Inc. (NYSE:BLND)’s Major holders
Blend Labs Inc. insiders own 1.33% of total outstanding shares while institutional holders control 64.54%, with the float percentage being 65.41%. Tiger Global Management, LLC is the largest shareholder of the company, while 73 institutions own stock in it. As of Sep 29, 2021, the company held over 18.48 million shares (or 8.51% of all shares), a total value of $249.05 million in shares.
The next largest institutional holding, with 16.22 million shares, is of Formation8 GP, LLC’s that is approximately 7.47% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $218.65 million.
Also, the Mutual Funds coming in first place with the largest holdings of Blend Labs Inc. (BLND) shares are Smallcap World Fund and Fidelity Small Cap Growth Fund. Data provided on Sep 29, 2021 indicates that Smallcap World Fund owns about 1.49 million shares. This amounts to just over 0.69 percent of the company’s overall shares, with a $20.11 million market value. The same data shows that the other fund manager holds slightly less at 1.03 million, or about 0.47% of the stock, which is worth about $14.89 million.