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Blend Labs (BLND)
NYSE:BLND
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BLND Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.16 - $4.25
Previous Close$3.63
Volume700.05K
Average Volume (3M)2.86M
Market Cap
$922.90M
Enterprise Value$864.64M
Total Cash (Recent Filing)$112.60M
Total Debt (Recent Filing)$5.17M
Price to Earnings (P/E)―
Beta1.70
Next Earnings
Nov 06, 2024EPS Estimate
-$0.02Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.48
Shares Outstanding254,243,787
10 Day Avg. Volume1,703,170
30 Day Avg. Volume2,855,938
Standard Deviation0.30
R-Squared0.04
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)-20.17
Price to Sales (P/S)6.07
Price to Cash Flow (P/CF)-34.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.68
Enterprise Value/Gross Profit10.66
Enterprise Value/Ebitda-17.29
Forecast
1Y Price Target
$3.83Price Target Upside5.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Blend Labs News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceBlend is debt-free, saving approximately $18 million in interest costs annually and on track to be cash flow positive sooner than previously expected.
Revenue GrowthConsumer banking revenue increased 30% year-over-year to $6.7 million, suggesting a 31% platform revenue mix compared to 23% in the prior year.
Strategic PartnershipsThe company is now approaching free cash flow break-even and better positioned to execute on key initiatives with the support of a new strategic partner.
Bears Say
Business HeadwindsDespite ongoing headwinds to the volume side of the mortgage business, the company reported first-quarter results slightly ahead of Street expectations.
Market UncertaintyOngoing housing market uncertainty has made sizing the mortgage market more difficult.
Revenue DeclineMortgage suite revenue declined by 15% year-over-year to $15 million amidst a tough industry backdrop.
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Ownership Overview
11.40% Insiders
8.21% Mutual Funds
0.58% Other Institutional Investors
68.54% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Blend Labs
Desktop Users
Mobile Users
BLND FAQ
What was Blend Labs’s price range in the past 12 months?
Blend Labs lowest stock price was $1.16 and its highest was $4.25 in the past 12 months.
What is Blend Labs’s market cap?
Currently, no data Available
When is Blend Labs’s upcoming earnings report date?
Blend Labs’s upcoming earnings report date is Nov 06, 2024 which is tomorrow.
How were Blend Labs’s earnings last quarter?
Blend Labs released its earnings results on Aug 08, 2024. The company reported -$0.02 earnings per share for the quarter, beating the consensus estimate of -$0.047 by $0.027.
Is Blend Labs overvalued?
According to Wall Street analysts Blend Labs’s price is currently Undervalued.
Does Blend Labs pay dividends?
Blend Labs does not currently pay dividends.
What is Blend Labs’s EPS estimate?
Blend Labs’s EPS estimate is -$0.02.
How many shares outstanding does Blend Labs have?
Blend Labs has 249,496,550 shares outstanding.
What happened to Blend Labs’s price movement after its last earnings report?
Blend Labs reported an EPS of -$0.02 in its last earnings report, beating expectations of -$0.047. Following the earnings report the stock price went up 22.677%.
Which hedge fund is a major shareholder of Blend Labs?
Among the largest hedge funds holding Blend Labs’s share is EdgePoint Investment Group Inc.. It holds Blend Labs’s shares valued at 15M.
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Blend Labs Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$3.83 (5.51% Upside)
$3.83 (5.51% Upside)
Blogger Sentiment
Bullish
BLND Sentiment 66%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 25.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.6%
Last 30 Days ▼ 0.2%
Last 30 Days ▼ 0.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
192.74%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-47.10%
Trailing 12-Months
Company Description
Blend Labs
Blend Labs Inc is a cloud based platform. It supports and simplifies applications for mortgages, consumer loans, and deposit accounts.
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BLND Company Deck
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BLND Earnings Call
Q2 2024
0:00 / 0:00
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BLND Stock 12 Month Forecast
Average Price Target
$3.83
▲(5.51% Upside)
Technical Analysis
Best Analysts Covering BLND
1 Year
1 Year Success Rate
8/14 ratings generated profit
1 Year Average Return
+57.11%
reiterated a buy rating 3 months ago
Copying Mike Ng's trades and holding each position for 1 Year would result in 57.14% of your transactions generating a profit, with an average return of +57.11% per trade.
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