In the last trading session, 3.09 million Blend Labs Inc (NYSE:BLND) shares changed hands as the company’s beta touched 1.42. With the company’s per share price at $3.44 changed hands at $0.13 or 3.93% during last session, the market valuation stood at $880.40M. BLND’s last price was a discount, traded about -60.76% off its 52-week high of $5.53. The share price had its 52-week low at $2.08, which suggests the last value was 39.53% up since then. When we look at Blend Labs Inc’s average trading volume, we note the 10-day average is 4.13 million shares, with the 3-month average coming to 2.95 million.
Analysts gave the Blend Labs Inc (BLND) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.57. 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. Blend Labs Inc’s EPS for the current quarter is expected to be 0.01.
Blend Labs Inc (NYSE:BLND) trade information
Instantly BLND was in green as seen at the end of in last trading. With action -7.53%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -18.29%, with the 5-day performance at -7.53% in the red. However, in the 30-day time frame, Blend Labs Inc (NYSE:BLND) is -33.59% down. Looking at the short shares, we see there were 11.08 million shares sold at short interest cover period of 3.37 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4.75, meaning bulls need an upside of 27.58% from its current market value. According to analyst projections, BLND’s forecast low is 4.75 with 4.75 as the target high. To hit the forecast high, the stock’s price needs a -38.08% plunge from its current level, while the stock would need to soar -38.08% 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 18.21% over the past 6 months, a 82.50% in annual growth rate that is considerably higher than the industry average of 25.50%. Year-over-year growth is forecast to reach 3.28% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 41.39M. 7 analysts are of the opinion that Blend Labs Inc’s revenue for the current quarter will be 43.17M. The company’s revenue for the corresponding quarters a year ago was 36.1M and 34.95M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14.63%. The estimates for the next quarter sales put growth at 23.54%.
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 2025 estimates are for Blend Labs Inc earnings to increase by 82.96%, 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 February.
Blend Labs Inc (NYSE:BLND)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.09% of Blend Labs Inc shares while 64.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 66.76%. There are 64.03% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 6.92 shares estimated at $23.79 million under it, the former controlled 2.74% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.38% of the shares, roughly 6.01 shares worth around $20.68 million.
