Blend Labs (BLND) Stock Price, News & Analysis

Company Overview

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. It also offers verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account; decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm; workflow intelligence components to manage data collection and automate tasks throughout the loan origination process; and marketplace components to enable consumers to shop for products and services presented at the precise moment of need during an application for a loan. In addition, the company, through its subsidiary, offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and provides professional and consulting services. It serves banks, credit unions, fintechs, and non-bank mortgage lenders. The company was incorporated in 2012 and is headquartered in San Francisco, California.

Key Stats

• Today's Range: $5.11 to $5.29
• 50-Day Range: $3.32 to $5.28
• 52-Week Range: $1.21 to $5.40
• Volume: 3.35 million shs
• Average Volume: 2.34 million shs
• Market Capitalization: $1.33 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.46
• Consensus Rating: Moderate Buy

Blend Labs Stock Analysis - MarketRank™

Blend Labs scored higher than 57% of companies evaluated by MarketBeat, and ranked 454th out of 644 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Blend Labs has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Blend Labs has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Blend Labs are expected to grow in the coming year, from ($0.19) to ($0.09) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Blend Labs is -15.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Blend Labs is -15.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.46% of the float of Blend Labs has been sold short.

Short Interest Ratio / Days to Cover

Blend Labs has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Blend Labs has recently decreased by 27.02%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Blend Labs does not currently pay a dividend.

Dividend Growth

Blend Labs does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.46% of the float of Blend Labs has been sold short.

Short Interest Ratio / Days to Cover

Blend Labs has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Blend Labs has recently decreased by 27.02%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.50

News Sentiment

Blend Labs has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Blend Labs this week, compared to 3 articles on an average week.

Search Interest

2 people have searched for BLND on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

3 people have added Blend Labs to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Blend Labs insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $501,449.00 in company stock.

Percentage Held by Insiders

13.21% of the stock of Blend Labs is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

52.56% of the stock of Blend Labs is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BLND Stock Analysis - Frequently Asked Questions

How have BLND shares performed this year?

Blend Labs' stock was trading at $2.55 at the start of the year. Since then, BLND stock has increased by 103.5% and is now trading at $5.19.
View the best growth stocks for 2024 here.

How were Blend Labs' earnings last quarter?

Blend Labs, Inc. (NYSE:BLND) posted its earnings results on Wednesday, November, 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by $0.02. The company had revenue of $89.57 million for the quarter, compared to the consensus estimate of $85.43 million.

When did Blend Labs IPO?

Blend Labs (BLND) raised $340 million in an IPO on Friday, July 16th 2021. The company issued 20,000,000 shares at $16.00-$18.00 per share.

Who are Blend Labs' major shareholders?

Top institutional shareholders of Blend Labs include ShawSpring Partners LLC (2.61%), State Street Corp (2.15%), Geode Capital Management LLC (1.88%) and EdgePoint Investment Group Inc. (1.36%). Insiders that own company stock include Nima Ghamsari, Amir Jafari, Crystal Sumner, Winnie Ling, Oxana Tkach and Jonathan Y Chan.
View institutional ownership trends.

How do I buy shares of Blend Labs?

Shares of BLND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Blend Labs own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Blend Labs investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), CrowdStrike (CRWD) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 11/10/2021
• Today: 11/27/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/21/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Computer programming, data processing, & other computer related
• Sub-Industry: Computer Software
• Current Symbol: NYSE:BLND
• CUSIP: N/A
• CIK: 1855747
• Web: www.blend.com
• Phone: 650-550-4810
• Fax: N/A
• Employees: 1,690
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.46
• High Stock Price Target: $5.75
• Low Stock Price Target: $3.85
• Potential Upside/Downside: -14.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.34)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-178,690,000.00
• Net Margins: -49.34%
• Pretax Margin: -46.63%
• Return on Equity: N/A
• Return on Assets: -34.07%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.24
• Quick Ratio: 3.24

Sales & Book Value

• Annual Sales: $156.85 million
• Price / Sales: 8.47
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.19) per share
• Price / Book: -27.32

Miscellaneous

• Outstanding Shares: 255,930,000
• Free Float: 222,122,000
• Market Cap: $1.33 billion
• Optionable: Not Optionable
• Beta: 1.16