Blend Labs (BLND) to Release Earnings on Thursday

Blend Labs (NYSE:BLND - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $41.39 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Blend Labs Stock Performance

NYSE BLND traded down $0.17 during trading hours on Friday, hitting $3.78. 4,862,981 shares of the company traded hands, compared to its average volume of 2,828,570. The business's 50-day moving average is $4.00 and its 200-day moving average is $3.99. The stock has a market capitalization of $966.14 million, a price-to-earnings ratio of -11.10 and a beta of 1.36. Blend Labs has a twelve month low of $2.08 and a twelve month high of $5.53.

Insider Buying and Selling at Blend Labs

In related news, insider Oxana Tkach sold 18,324 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $5.18, for a total value of $94,918.32. Following the completion of the sale, the insider now owns 88,677 shares in the company, valued at $459,346.86. The trade was a 17.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Kneafsey sold 30,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $3.41, for a total transaction of $102,300.00. Following the transaction, the insider now owns 836,759 shares in the company, valued at $2,853,348.19. The trade was a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 289,061 shares of company stock valued at $1,291,173 in the last three months. Company insiders own 13.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BLND. Canaccord Genuity Group reiterated a "buy" rating and set a $5.75 price target on shares of Blend Labs in a research report on Friday, December 20th. Citizens Jmp upgraded Blend Labs to a "strong-buy" rating in a report on Wednesday, December 18th. Wells Fargo & Company raised their price objective on shares of Blend Labs from $4.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods upped their price target on Blend Labs from $3.25 to $3.85 and gave the company a "market perform" rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price target on Blend Labs from $3.40 to $3.90 and gave the stock a "buy" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.11.

Blend Labs Company Profile

Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty.