In last trading session, Blend Labs Inc (NYSE:BLND) saw 3.98 million shares changing hands with its beta currently measuring 1.30. Company’s recent per share price level of $3.52 trading at -$0.07 or -1.95% at ring of the bell on the day assigns it a market valuation of $914.01M. That closing price of BLND’s stock is at a discount of -57.1% from its 52-week high price of $5.53 and is indicating a premium of 40.91% from its 52-week low price of $2.08. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.16 million shares which gives us an average trading volume of 3.44 million if we extend that period to 3-months.
For Blend Labs Inc (BLND), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.57. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.01 in the current quarter.
Blend Labs Inc (NYSE:BLND) trade information
Upright in the red during last session for losing -1.95%, in the last five days BLND remained trading in the red while hitting it’s week-highest on Tuesday, 04/01/25 when the stock touched $3.52 price level, adding 5.63% to its value on the day. Blend Labs Inc’s shares saw a change of -16.39% in year-to-date performance and have moved -0.56% in past 5-day. Blend Labs Inc (NYSE:BLND) showed a performance of 18.92% in past 30-days. Number of shares sold short was 9.27 million shares which calculate 2.08 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5.25 to the stock, which implies a rise of 32.95% to its current value. Analysts have been projecting 5.25 as a low price target for the stock while placing it at a high target of 5.25. It follows that stock’s current price would drop -49.15% in reaching the projected high whereas dropping to the targeted low would mean a loss of -49.15% for stock’s current value.
Blend Labs Inc (BLND) estimates and forecasts
This year revenue growth is estimated to rise 12.81% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 37.85M for the same. And 7 analysts are in estimates of company making revenue of 44.87M in the next quarter. Company posted 34.95M and 40.48M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 8.48% during past 5 years.
Blend Labs Inc (NYSE:BLND)’s Major holders
Insiders are in possession of 4.31% of company’s total shares while institution are holding 67.47 percent of that, with stock having share float percentage of 70.51%. Investors also watch the number of corporate investors in a company very closely, which is 67.47% institutions for Blend Labs Inc that are currently holding shares of the company. GENERAL ATLANTIC, L.P. is the top institutional holder at BLND for having 19.13 million shares of worth $45.15 million. And as of 2024-06-30, it was holding 7.5602 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 14.81 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.9027 of outstanding shares, having a total worth of $34.96 million.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 6.29 shares of worth $22.13 million or 2.46% of the total outstanding shares. The later fund manager was in possession of 6.16 shares on Feb 28, 2025 , making its stake of worth around $21.69 million in the company or a holder of 2.41% of company’s stock.
