Blend Labs Inc (NYSE:BLND)’s traded shares stood at 1.79 million during the last session, with the company’s beta value hitting 1.16. At the close of trading, the stock’s price was $3.35, to imply a decrease of -2.90% or -$0.1 in intraday trading. The BLND share’s 52-week high remains $4.25, putting it -26.87% down since that peak but still an impressive 65.67% since price per share fell to its 52-week low of $1.15. The company has a valuation of $851.70M, with an average of 1.5 million shares in intraday trading volume over the past 10 days and average of 2.89 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Blend Labs Inc (BLND), translating to a mean rating of 1.67. Of 3 analyst(s) looking at the stock, 0 analyst(s) give BLND a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.02.
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Blend Labs Inc (NYSE:BLND) trade information
After registering a -2.90% downside in the last session, Blend Labs Inc (BLND) has traded red over the past five days. The 5-day price performance for the stock is -6.94%, and -16.87% over 30 days. With these gigs, the year-to-date price performance is 31.37%. Short interest in Blend Labs Inc (NYSE:BLND) saw shorts transact 15.83 million shares and set a 4.89 days time to cover.
The extremes give us $4.75 and $10 for target low and target high price respectively. As such, BLND has been trading -198.51% off suggested target high and -41.79% from its likely low.
Blend Labs Inc (BLND) estimates and forecasts
Looking at statistics comparing Blend Labs Inc share performance against respective industry, we note that the company has outperformed competitors. Blend Labs Inc (BLND) shares are 35.08% up over the last 6 months, with its year-to-date growth rate higher than industry average at 72.50% against 18.70%. Revenue is forecast to grow 77.80% this quarter before jumping 100.00% for the next one. The rating firms project that company’s revenue will grow 2.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 41.91M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 43.47M.Earnings reports from the last fiscal year show that sales brought in 40.59M and 36.1M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3.20% before jumping 20.40% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -19.48% for the past 5-year period. While 2024 is set for a 72.42% return in earnings, projections for the next 5 years are at 20.00% annually.
BLND Dividends
Blend Labs Inc has its next earnings report out on 2024-Aug-08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Blend Labs Inc (NYSE:BLND)’s Major holders
Blend Labs Inc insiders hold 4.15% of total outstanding shares, with institutional holders owning 64.54% of the shares at 67.33% float percentage. In total, 64.54% institutions holds shares in the company, led by GENERAL ATLANTIC, L.P.. As of 2024-06-30, the company held over 19.13 million shares (or 7.6246% of shares), all amounting to roughly $45.15 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 14.81 million shares, or about 5.9027% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $34.96 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Blend Labs Inc (BLND) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 6.63 shares. This is just over 2.66% of the total shares, with a market valuation of $22.22 million. Data from the same date shows that the other fund manager holds a little less at 6.08, or 2.44% of the shares, all valued at about 20.35 million.
