The stock of Blend Labs Inc (NYSE:BLND) last traded at $3.49, down -5.42% from the previous session.
BLND stock price is now -5.10% away from the 50-day moving average and -3.71% away from the 200-day moving average. The market capitalization of the company currently stands at $893.19M.
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With the price target of $7, JMP Securities recently initiated with Mkt Outperform rating for Blend Labs Inc (NYSE: BLND). On August 12, 2024, Canaccord Genuity Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $3 to quote $4.75, while ‘William Blair’ rates the stock as ‘Outperform’
In other news, Haveli Investments, L.P., Director bought 1,062,317 shares of the company’s stock on Mar 10 ’25. The stock was bought for $3,281,285 at an average price of $3.09. Upon completion of the transaction, the Director now directly owns 3,123,242 shares in the company, valued at $10.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’25, Director Haveli Investments, L.P. bought 1,416,037 shares of the business’s stock. A total of $4,320,754 was incurred on buying the stock at an average price of $3.05. This leaves the insider owning 2,060,925 shares of the company worth $7.19 million. A total of 20.23% of the company’s stock is owned by insiders.
During the past 12 months, Blend Labs Inc has had a low of $2.08 and a high of $5.53. The fifty day moving average price for BLND is $3.6776 and a two-hundred day moving average price translates $3.62435 for the stock.
The latest earnings results from Blend Labs Inc (NYSE: BLND) was released for 2024-12-31. The net profit margin was -37.33% 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.
