Blend Labs Inc [BLND] stock is trading at $5.20, down -0.19%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BLND shares have gain 20.37% over the last week, with a monthly amount glided 50.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Blend Labs Inc [NYSE: BLND] stock has seen the most recent analyst activity on August 12, 2024, when Canaccord Genuity upgraded its rating to a Buy and also boosted its price target to $4.75 from $3. Previously, William Blair upgraded its rating to Outperform on August 09, 2024. On December 20, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $3.50 on the stock. Keefe Bruyette upgraded its rating to a Mkt Perform but stick to its price target of $2.25 on November 14, 2022. Keefe Bruyette downgraded its rating to a Underperform and reduced its price target to $2.75 on July 25, 2022. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on July 07, 2022. In a note dated May 25, 2022, Compass Point initiated an Neutral rating and provided a target price of $4.20 on this stock.
Blend Labs Inc [BLND] stock has fluctuated between $1.18 and $5.29 over the past year. Currently, Wall Street analysts expect the stock to reach $7.25 within the next 12 months. Blend Labs Inc [NYSE: BLND] shares were valued at $5.20 at the most recent close of the market. An investor can expect a potential return of 39.42% based on the average BLND price forecast.
Analyzing the BLND fundamentals
Blend Labs Inc [NYSE:BLND] reported sales of 156.72M for the trailing twelve months, which represents a growth of 11.32%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.43%, Pretax Profit Margin comes in at -0.47%, and Net Profit Margin reading is -0.52%. To continue investigating profitability, this company’s Return on Assets is posted at -0.44, Equity is 25.98 and Total Capital is -0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.09 points at the first support level, and at 4.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.28, and for the 2nd resistance point, it is at 5.36.
Ratios To Look Out For
For context, Blend Labs Inc’s Current Ratio is 3.21. Further, the Quick Ratio stands at 3.21, while the Cash Ratio is 1.22. Considering the valuation of this stock, the price to sales ratio is 8.48.
Transactions by insiders
Recent insider trading involved Ling Winnie, HEAD OF LEGAL AND PEOPLE, that happened on Nov 21 ’24 when 5000.0 shares were sold. Director, Mayopoulos Timothy J completed a deal on Nov 20 ’24 to sell 42721.0 shares. Meanwhile, Officer Ling Winnie bought 5000.0 shares on Nov 21 ’24.
