Blend Labs Inc (NYSE: BLND) is -21.14% lower on its value in year-to-date trading and has touched a low of $2.08 and a high of $5.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BLND stock was last observed hovering at around $3.19 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $3.32, the stock is -5.43% and -10.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.47 million and changing 4.08% at the moment leaves the stock -8.23% off its SMA200. BLND registered 10.67% gain for a year compared to 6-month gain of -1.19%.
The stock witnessed a -15.09% loss in the last 1 month and extending the period to 3 months gives it a -35.28%, and is 12.16% 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 6.14% over the week and 6.15% over the month.
Blend Labs Inc (BLND) has around 881 employees, a market worth around $849.69M and $162.02M in sales. Fwd P/E is 30.38. Profit margin for the company is -37.33%. Distance from 52-week low is 59.62% and -39.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-70.24%).
with sales reaching $37.85M over the same period.The EPS is expected to grow by 139.28% this year, but quarterly earnings will post 12.81% year-over-year. Quarterly sales are estimated to grow 8.31% in year-over-year returns.
Blend Labs Inc (BLND) Top Institutional Holders
The shares outstanding are 254.43M, and float is at 204.16M with Short Float at 4.21%.
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 7.5602% 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 4.6927 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 purchase by Haveli Investments, L.P., the company’s Director. SEC filings show that Haveli Investments, L.P. bought 1,416,037 shares of the company’s common stock on Mar 07 ’25 at a price of $3.05 per share for a total of $4.32 million. Following the purchase, the insider now owns 2.06 million shares.
Blend Labs Inc disclosed in a document filed with the SEC on Mar 06 ’25 that Haveli Investments, L.P. (Director) bought a total of 587,149 shares of the company’s common stock. The trade occurred on Mar 06 ’25 and was made at $3.05 per share for $1.79 million. Following the transaction, the insider now directly holds 0.64 million shares of the BLND stock.
Still, SEC filings show that on Mar 05 ’25, Haveli Investments, L.P. (Director) acquired 57,739 shares at an average price of $2.99 for $0.17 million. The insider now directly holds 57,739 shares of Blend Labs Inc (BLND).
