New insider activity at Blend Labs ( (BLND) ) has taken place on March 8, 2025.
Director Haveli Investments, L.P. has made a significant move by purchasing 57,739 shares of Blend Labs stock, with the total transaction valued at $172,062.
Recent Updates on BLND stock
In the last 24 hours, Blend Labs has experienced several price target adjustments from analysts due to a mix of positive growth and ongoing challenges. Keefe Bruyette lowered its price target, citing positive underlying trends expected to materialize in the latter half of the year. Canaccord also reduced its target but maintained a Buy rating, highlighting strong interest in Blend’s solutions, particularly after securing a new top-ten bank client and expanding its service offerings despite a tough macro environment. UBS similarly decreased its target, noting the challenging mortgage market backdrop and a shift in focus towards consumer banking. Blend Labs’ recent earnings call revealed significant growth in consumer banking and new customer acquisitions, alongside strategic partnerships and AI integration. However, challenges such as a decline in mortgage economic value and macroeconomic pressures were also highlighted, influencing the analysts’ revised outlooks.
More about Blend Labs
YTD Price Performance: -20.05%
Average Trading Volume: 3,229,427
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $795.9M