Blend Labs Inc (NYSE: BLND) is 27.45% higher on its value in year-to-date trading and has touched a low of $0.53 and a high of $3.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BLND stock was last observed hovering at around $3.16 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $3.25, the stock is 11.15% and 19.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 2.85% at the moment leaves the stock 87.93% off its SMA200. BLND registered 266.69% gain for a year compared to 6-month gain of 168.60%. The firm has a 50-day simple moving average (SMA 50) of $5.30 and a 200-day simple moving average (SMA200) of -$5.81.
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The stock witnessed a 35.42% loss in the last 1 month and extending the period to 3 months gives it a 19.93%, and is 6.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.81% over the week and 11.14% over the month.
Blend Labs Inc (BLND) has around 881 employees, a market worth around $819.16M and $156.85M in sales. Profit margin for the company is -118.15%. Distance from 52-week low is 514.83% and -4.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-146.99%).
Blend Labs Inc quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $34.53M over the same period.The EPS is expected to grow by 52.76% this year, but quarterly earnings will post 5.40% year-over-year. Quarterly sales are estimated to shrink -7.50% in year-over-year returns.
Blend Labs Inc (BLND) Top Institutional Holders
128 institutions hold shares in Blend Labs Inc (BLND), with institutional investors hold 58.35% of the company’s shares. The shares outstanding are 240.26M, and float is at 158.50M with Short Float at 4.57%. Institutions hold 54.12% of the Float.
The top institutional shareholder in the company is General Atlantic, L.P. with over 19.13 million shares valued at $18.12 million. The investor’s holdings represent 8.11% of the BLND Shares outstanding. As of Jun 29, 2023, the second largest holder is Lightspeed Ultimate General Partner IX, Ltd. with 14.82 million shares valued at $14.04 million to account for 6.28% of the shares outstanding. The other top investors are Edgepoint Investment Group Inc. which holds 12.21 million shares representing 5.18% and valued at over $11.56 million, while Temasek Holdings (Private) Limited holds 5.03% of the shares totaling 11.88 million with a market value of $11.25 million.
Blend Labs Inc (BLND) Insider Activity
The most recent transaction is an insider sale by Ghamsari Nima,the company’sHEAD OF BLEND. SEC filings show that Ghamsari Nima sold 81,700 shares of the company’s common stock on Mar 22 ’24 at a price of $2.99 per share for a total of $0.24 million. Following the sale, the insider now owns 34774.0 shares.
Blend Labs Inc disclosed in a document filed with the SEC on Mar 13 ’24 that Jafari Amir (HEAD OF FINANCE AND ADMIN.) bought a total of 5,555 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $3.00 per share for $16665.0. Following the transaction, the insider now directly holds 0.4 million shares of the BLND stock.
Still, SEC filings show that on Feb 23 ’24, Ghamsari Nima (HEAD OF BLEND) disposed off 112,108 shares at an average price of $2.23 for $0.25 million. The insider now directly holds 116,474 shares of Blend Labs Inc (BLND).
