During the recent session, Blend Labs Inc (NYSE:BLND)’s traded shares were 0.6 million, with the beta value of the company hitting 1.40. At the last check today, the stock’s price was $3.71, reflecting an intraday loss of -3.26% or -$0.13. The 52-week high for the BLND share is $5.53, that puts it down -49.06 from that peak though still a striking 43.94% gain since the share price plummeted to a 52-week low of $2.08. The company’s market capitalization is $950.78M, and the average intraday trading volume over the past 10 days was 3.65 million shares, and the average trade volume was 2.61 million shares over the past three months.
Blend Labs Inc (BLND) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.57. BLND has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it.
Blend Labs Inc (NYSE:BLND) trade information
Blend Labs Inc (BLND) registered a -3.26% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.26% in intraday trading to $3.71, hitting a weekly high. The stock’s 5-day price performance is -15.57%, and it has moved by -29.77% in 30 days. Based on these gigs, the overall price performance for the year is 56.75%. The short interest in Blend Labs Inc (NYSE:BLND) is 7.67 million shares and it means that shorts have 2.4 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.75, which implies an increase of 21.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.75 and $4.75 respectively. As a result, BLND is trading at a discount of -28.03% off the target high and -28.03% off the low.
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 up 58.09% during the last six months, with a year-to-date growth rate more than the industry average at 82.50% against 25.20.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -19.48%. While earnings are projected to return 82.96% in 2025, the next five years will return 20.00% per annum.
BLND Dividends
Blend Labs Inc is due to release its next quarterly earnings in February. 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 4.09% of total outstanding shares while institutional holders control 63.96%, with the float percentage being 66.69%. GENERAL ATLANTIC, L.P. is the largest shareholder of the company, while 219.0 institutions own stock in it. As of 2024-06-30, the company held over 19.13 million shares (or 7.6246% of all shares), a total value of $45.15 million in shares.
The next largest institutional holding, with 14.81 million shares, is of VANGUARD GROUP INC’s that is approximately 5.9027% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $34.96 million.
Also, the Mutual Funds coming in first place with the largest holdings of Blend Labs Inc (BLND) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 6.92 shares. This amounts to just over 2.74 percent of the company’s overall shares, with a $24.97 million market value. The same data shows that the other fund manager holds slightly less at 6.01, or about 2.38% of the stock, which is worth about $21.7 million.
