Blend Labs Inc (NYSE:BLND) shares traded 0.19% higher at $5.19 on Wall Street last session.
BLND stock price is now 29.52% away from the 50-day moving average and 63.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.33B.
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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, PRINCIPAL ACCOUNTING OFFICER sold 18,324 shares of the company’s stock on Nov 25 ’24. The stock was sold for $94,845 at an average price of $5.18. Upon completion of the transaction, the PRINCIPAL ACCOUNTING OFFICER now directly owns 88,677 shares in the company, valued at $0.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Officer Tkach Oxana bought 18,324 shares of the business’s stock. A total of $94,845 was incurred on buying the stock at an average price of $5.18. A total of 18.82% of the company’s stock is owned by insiders.
During the past 12 months, Blend Labs Inc has had a low of $1.21 and a high of $5.40. The fifty day moving average price for BLND is $3.9814 and a two-hundred day moving average price translates $3.1647 for the stock.
The latest earnings results from Blend Labs Inc (NYSE: BLND) was released for 2024-09-30. The net profit margin was -54.74% and return on equity was -786.76% for BLND. The company reported revenue of $45.18 million for the quarter, compared to $40.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.32 percent.
