In the last trading session, 2.21 million Blend Labs Inc (NYSE:BLND) shares changed hands as the company’s beta touched 1.16. With the company’s per share price at $3.33 changed hands at -$0.27 or -7.50% during last session, the market valuation stood at $846.62M. BLND’s last price was a discount, traded about -27.63% off its 52-week high of $4.25. The share price had its 52-week low at $1.15, which suggests the last value was 65.47% up since then. When we look at Blend Labs Inc’s average trading volume, we note the 10-day average is 1.23 million shares, with the 3-month average coming to 2.87 million.
Analysts gave the Blend Labs Inc (BLND) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended BLND as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
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Blend Labs Inc (NYSE:BLND) trade information
Instantly BLND was in red as seen at the end of in last trading. With action -10.00%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 30.59%, with the 5-day performance at -10.00% in the red. However, in the 30-day time frame, Blend Labs Inc (NYSE:BLND) is -15.91% down. Looking at the short shares, we see there were 15.83 million shares sold at short interest cover period of 4.89 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 52.43% from its current market value. According to analyst projections, BLND’s forecast low is 4.75 with 10 as the target high. To hit the forecast high, the stock’s price needs a -200.3% plunge from its current level, while the stock would need to soar -42.64% for it to hit the projected low.
Blend Labs Inc (BLND) estimates and forecasts
Data shows that the Blend Labs Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 39.92% over the past 6 months, a 72.50% in annual growth rate that is considerably higher than the industry average of 18.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -19.48%. The 2024 estimates are for Blend Labs Inc earnings to increase by 72.44%, but the outlook for the next 5-year period is at 20.00% per year.
BLND Dividends
Blend Labs Inc is expected to release its next quarterly earnings report in November.
Blend Labs Inc (NYSE:BLND)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.15% of Blend Labs Inc shares while 64.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.18%. There are 64.40% institutions holding the Blend Labs Inc stock share, with GENERAL ATLANTIC, L.P. the top institutional holder. As of 2024-06-30, the company held 7.6246% of the shares, roughly 19.13 million BLND shares worth $45.15 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.9027% or 14.81 million shares worth $34.96 million as of 2024-06-30.
