Blend Labs Inc (NYSE: BLND) is 56.08% higher on its value in year-to-date trading and has touched a low of $1.10 and a high of $4.22 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 $3.74 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $3.98, the stock is 9.27% and 21.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.81 million and changing 6.42% at the moment leaves the stock 45.43% off its SMA200. BLND registered 243.10% gain for a year compared to 6-month gain of 28.80%.
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The stock witnessed a 0.76% loss in the last 1 month and extending the period to 3 months gives it a 67.93%, and is 17.75% 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 7.97% over the week and 7.58% over the month.
Blend Labs Inc (BLND) has around 881 employees, a market worth around $1.01B and $152.12M in sales. Fwd P/E is 135.79. Profit margin for the company is -79.38%. Distance from 52-week low is 263.47% and -5.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-129.63%).
The EPS is expected to grow by 72.44% this year.
Blend Labs Inc (BLND) Top Institutional Holders
149.0 institutions hold shares in Blend Labs Inc (BLND), with institutional investors hold 69.48% of the company’s shares. The shares outstanding are 240.26M, and float is at 188.81M with Short Float at 6.98%. Institutions hold 62.84% of the Float.
The top institutional shareholder in the company is GENERAL ATLANTIC, L.P. with over 19.13 million shares valued at $45.15 million. The investor’s holdings represent 7.6246% of the BLND Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.81 million shares valued at $34.96 million to account for 5.9027 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 14.53 million shares representing 5.7898% and valued at over $34.29 million, while TEMASEK HOLDINGS (PRIVATE) LTD holds 4.7327 of the shares totaling 11.88 million with a market value of $28.03 million.
Blend Labs Inc (BLND) Insider Activity
The most recent transaction is an insider sale by Ling Winnie, the company’s HEAD OF LEGAL AND PEOPLE. SEC filings show that Ling Winnie sold 20,000 shares of the company’s common stock on Sep 12 ’24 at a price of $3.33 per share for a total of $66676.0. Following the sale, the insider now owns 0.29 million shares.
Still, SEC filings show that on Aug 30 ’24, Tkach Oxana (PRINCIPAL ACCOUNTING OFFICER) disposed off 23,749 shares at an average price of $3.71 for $88076.0. The insider now directly holds 88,700 shares of Blend Labs Inc (BLND).
