Blend Labs Inc (NYSE: BLND) is 103.14% higher on its value in year-to-date trading and has touched a low of $1.21 and a high of $5.40 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 $5.28 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $5.18, the stock is 16.40% and 30.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.14 million and changing -1.89% at the moment leaves the stock 63.68% off its SMA200. BLND registered 304.69% gain for a year compared to 6-month gain of 68.73%. The firm has a 50-day simple moving average (SMA 50) of $3.9574 and a 200-day simple moving average (SMA200) of $3.1531.
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The stock witnessed a 50.58% loss in the last 1 month and extending the period to 3 months gives it a 37.04%, and is 4.23% 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 5.44% over the week and 7.05% over the month.
Blend Labs Inc (BLND) has around 881 employees, a market worth around $1.33B and $156.72M in sales. Fwd P/E is 100.90. Profit margin for the company is -54.74%. Distance from 52-week low is 328.10% and -4.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-96.56%).
with sales reaching $41.38M over the same period.The EPS is expected to grow by 82.05% this year, but quarterly earnings will post 3.28% year-over-year. Quarterly sales are estimated to grow 14.62% in year-over-year returns.
Blend Labs Inc (BLND) Top Institutional Holders
218.0 institutions hold shares in Blend Labs Inc (BLND), with institutional investors hold 66.73% of the company’s shares. The shares outstanding are 240.26M, and float is at 208.09M with Short Float at 6.12%. Institutions hold 63.94% 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 Tkach Oxana, the company’s PRINCIPAL ACCOUNTING OFFICER. SEC filings show that Tkach Oxana sold 18,324 shares of the company’s common stock on Nov 25 ’24 at a price of $5.18 per share for a total of $94845.0. Following the sale, the insider now owns 88677.0 shares.
Still, SEC filings show that on Nov 21 ’24, Ling Winnie (HEAD OF LEGAL AND PEOPLE) disposed off 5,000 shares at an average price of $5.07 for $25344.0. The insider now directly holds 265,881 shares of Blend Labs Inc (BLND).
