Stocks of Blend Labs Inc (NYSE:BLND) traded higher last session on Wall Street, down -1.87% to $3.67.
BLND stock price is now 21.99% away from the 50-day moving average and 40.41% away from the 200-day moving average. The market capitalization of the company currently stands at $933.06M.
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With the price target enhanced from $3 to $4.75, Canaccord Genuity Upgraded its rating from Hold to Buy for Blend Labs Inc (NYSE: BLND). , while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Tkach Oxana, Officer bought 23,749 shares of the company’s stock on Aug 30 ’24. The stock was bought for $88,076 at an average price of $3.71. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12 ’24, HEAD OF FINANCE AND ADMIN. Jafari Amir bought 6,666 shares of the business’s stock. A total of $16,940 was incurred on buying the stock at an average price of $2.54. This leaves the insider owning 501,377 shares of the company worth $1.84 million. A total of 26.40% of the company’s stock is owned by insiders.
During the past 12 months, Blend Labs Inc has had a low of $1.08 and a high of $4.22. The fifty day moving average price for BLND is $3.035 and a two-hundred day moving average price translates $2.6261 for the stock.
The latest earnings results from Blend Labs Inc (NYSE: BLND) was released for 2024-06-30. The net profit margin was -79.38% and return on equity was -786.76% for BLND. The company reported revenue of $40.48 million for the quarter, compared to $42.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.45 percent.
