2 weeks Ago By Defense World Staff
Blend Labs, Inc. ( NYSE:BLND – Get Free Report ) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 13,930,000 shares, a growth of 5.
8% from the August 31st total of 13,170,000 shares. Approximately 7.4% of the shares of the stock are short sold.
Based on an average daily trading volume, of 3,520,000 shares, the days-to-cover ratio is currently 4.0 days. Blend Labs Price Performance Shares of BLND stock traded down $0.
17 on Tuesday, reaching $3.58. 1,501,931 shares of the stock were exchanged, compared to its average volume of 2,364,688.
Blend Labs has a one year low of $1.14 and a one year high of $4.25.
The stock has a market cap of $903.51 million, a PE ratio of -6.47 and a beta of 1.
15. The stock has a 50 day moving average price of $3.50 and a 200 day moving average price of $2.
99. Blend Labs ( NYSE:BLND – Get Free Report ) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.
06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04.
Blend Labs had a negative return on equity of 595.99% and a negative net margin of 77.63%.
The firm had revenue of $40.48 million during the quarter, compared to analysts’ expectations of $39.50 million.
On average, research analysts expect that Blend Labs will post -0.27 earnings per share for the current fiscal year. Insider Buying and Selling Institutional Investors Weigh In On Blend Labs A number of institutional investors and hedge funds have recently modified their holdings of the business.
Dark Forest Capital Management LP acquired a new position in Blend Labs in the second quarter valued at about $31,000. Xponance Inc. acquired a new stake in shares of Blend Labs in the 2nd quarter valued at approximately $35,000.
Berylson Capital Partners LLC bought a new position in Blend Labs during the 4th quarter worth approximately $52,000. Caxton Associates LP acquired a new position in Blend Labs during the first quarter valued at approximately $60,000. Finally, Cannon Global Investment Management LLC bought a new stake in Blend Labs in the first quarter valued at approximately $65,000.
52.56% of the stock is owned by institutional investors. Wall Street Analyst Weigh In BLND has been the topic of several research analyst reports.
Keefe, Bruyette & Woods upped their price objective on shares of Blend Labs from $3.00 to $3.25 and gave the stock a “market perform” rating in a research note on Monday, August 12th.
Canaccord Genuity Group raised Blend Labs from a “hold” rating to a “buy” rating and raised their price target for the company from $3.00 to $4.75 in a report on Monday, August 12th.
William Blair raised Blend Labs from a “market perform” rating to an “outperform” rating in a research note on Friday, August 9th. Canaccord Genuity Group upgraded Blend Labs from a “hold” rating to a “buy” rating and increased their target price for the stock from $3.00 to $4.
75 in a report on Monday, August 12th. Finally, The Goldman Sachs Group upped their price target on shares of Blend Labs from $3.00 to $3.
40 and gave the stock a “buy” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.93. View Our Latest Report on BLND Blend Labs Company Profile ( Get Free Report ) Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States.
It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty. See Also Five stocks we like better than Blend Labs Dividend Payout Ratio Calculator Why Lennar Stock Could Be the Best Play in the Housing Market How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? 2 Energy Stocks Fueling the AI Datacenter Boom How to Effectively Use the MarketBeat Ratings Screener Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech? Receive News & Ratings for Blend Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blend Labs and related companies with MarketBeat.
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