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Blend Labs (BLND)
NYSE:BLND
Blend Labs (BLND) Stock Price & Analysis
143 Followers
BLND Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.04 - $3.41
Previous Close$3.14
Volume396.35K
Average Volume (3M)2.35M
Market Cap
$807.61M
Enterprise Value$847.01M
Total Cash (Recent Filing)$136.96M
Total Debt (Recent Filing)$145.32M
Price to Earnings (P/E)―
Beta1.60
Next Earnings
Aug 14, 2024EPS Estimate
-$0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.57
Shares Outstanding252,377,605
10 Day Avg. Volume1,454,381
30 Day Avg. Volume2,348,019
Standard Deviation0.31
R-Squared0.04
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)-27.07
Price to Sales (P/S)3.55
Price to Cash Flow (P/CF)-7.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.40
Enterprise Value/Gross Profit10.44
Enterprise Value/Ebitda-7.73
Forecast
1Y Price Target
$3.13Price Target Upside-2.19% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Blend Labs News
PremiumCompany Announcements
Blend Labs Enhances Transparency with Investor Material Updates
PremiumCompany Announcements
Blend Labs’ Strategic Equity Sale and Governance Enhancements
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, indicating strong growth and a shift towards a higher platform revenue mix compared to the prior year.
Strategic PartnershipsBlend received a $150 million investment in the form of convertible preferred equity from Haveli Investments, which provides the company with a cleaner balance sheet and improved operational expertise to help scale the business more effectively.
Bears Say
Financial PerformanceMortgage suite revenue declined by 15% year-over-year to $15 million amidst a tough industry backdrop.
Future ProjectionsGiven the seasonally weaker first quarter for mortgage originations and expected rate recovery extension, caution is advised on the trajectory of mortgage volumes throughout 2024.
Market UncertaintyOngoing housing market uncertainty has made sizing the mortgage market more difficult.
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Ownership Overview
22.25% Insiders
8.58% Mutual Funds
9.87% Other Institutional Investors
59.30% 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 $1.03 and its highest was $3.40 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 Aug 14, 2024 which is in 26 days.
How were Blend Labs’s earnings last quarter?
Blend Labs released its earnings results on May 08, 2024. The company reported -$0.06 earnings per share for the quarter, beating the consensus estimate of -$0.073 by $0.013.
Is Blend Labs overvalued?
According to Wall Street analysts Blend Labs’s price is currently Overvalued.
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 -$0.05.
How many shares outstanding does Blend Labs have?
Blend Labs has 242,893,280 shares outstanding.
What happened to Blend Labs’s price movement after its last earnings report?
Blend Labs reported an EPS of -$0.06 in its last earnings report, beating expectations of -$0.073. Following the earnings report the stock price went up 17.797%.
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 20M.
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Blend Labs Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$3.13 (-2.19% Downside)
$3.13 (-2.19% Downside)
Blogger Sentiment
Bullish
BLND Sentiment 66%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 5.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 1.7%
Last 30 Days ▼ 1.7%
Technicals
SMA
Positive
20 days / 200 days
Momentum
115.06%
12-Months-Change
Fundamentals
Return on Equity
-786.76%
Trailing 12-Months
Asset Growth
-47.65%
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
Q1 2024
0:00 / 0:00
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BLND Stock 12 Month Forecast
Average Price Target
$3.13
▼(-2.19% Downside)
Technical Analysis
Best Analysts Covering BLND
1 Year
1 Year Success Rate
7/13 ratings generated profit
1 Year Average Return
+45.90%
reiterated a buy rating 2 months ago
Copying Mike Ng's trades and holding each position for 1 Year would result in 53.85% of your transactions generating a profit, with an average return of +45.90% per trade.
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