Blend Labs, Inc. (NYSE:BLND – Get Free Report) insider Amir Jafari bought 6,265 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were bought at an average cost of $2.65 per share, with a total value of $16,602.25. Following the purchase, the insider now directly owns 402,716 shares of the company’s stock, valued at $1,067,197.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Amir Jafari also recently made the following trade(s):
- On Wednesday, March 13th, Amir Jafari purchased 5,555 shares of Blend Labs stock. The stock was bought at an average cost of $3.00 per share, for a total transaction of $16,665.00.
Blend Labs Price Performance
NYSE:BLND opened at $2.42 on Tuesday. Blend Labs, Inc. has a one year low of $0.53 and a one year high of $3.40. The stock has a market cap of $609.96 million, a PE ratio of -3.14 and a beta of 1.00. The company has a debt-to-equity ratio of 34.81, a quick ratio of 5.38 and a current ratio of 5.38. The stock has a 50 day moving average price of $2.83 and a 200 day moving average price of $2.16.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on BLND shares. Wells Fargo & Company raised Blend Labs from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $1.50 to $3.50 in a report on Wednesday, December 20th. Keefe, Bruyette & Woods raised their price objective on Blend Labs from $1.85 to $2.65 and gave the company a “market perform” rating in a report on Monday, March 18th. Canaccord Genuity Group upped their target price on shares of Blend Labs from $2.00 to $3.00 and gave the stock a “hold” rating in a report on Monday, March 18th. Finally, The Goldman Sachs Group raised their price target on shares of Blend Labs from $1.60 to $3.10 and gave the stock a “buy” rating in a research note on Friday, March 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Blend Labs currently has an average rating of “Hold” and a consensus target price of $3.06.
View Our Latest Research Report on BLND
Hedge Funds Weigh In On Blend Labs
A number of institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of Blend Labs by 418.5% during the 1st quarter. Royal Bank of Canada now owns 6,009 shares of the company’s stock worth $34,000 after buying an additional 4,850 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Blend Labs in the fourth quarter valued at approximately $26,000. Quantbot Technologies LP purchased a new position in Blend Labs in the 1st quarter valued at approximately $63,000. Walleye Capital LLC acquired a new position in shares of Blend Labs in the second quarter worth $28,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Blend Labs during the third quarter worth $28,000. 52.56% of the stock is owned by hedge funds and other institutional investors.
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.
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