Blend Labs Inc [BLND] stock prices are down -5.48% to $3.28 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BLND shares have lost -2.09% over the last week, with a monthly amount glided 5.81%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Blend Labs Inc [NYSE: BLND] stock has seen the most recent analyst activity on December 18, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $7. Previously, Canaccord Genuity upgraded its rating to Buy on August 12, 2024, and elevated its price target to $4.75. On August 09, 2024, upgrade upgraded it’s rating to Outperform. Wells Fargo upgraded its rating to a Overweight and increased its price target to $3.50 on December 20, 2023. Keefe Bruyette upgraded its rating to a Mkt Perform but $2.25 remained the price target by the analyst firm on November 14, 2022. Keefe Bruyette downgraded its rating to Underperform for this stock on July 25, 2022, and downed its price target to $2.75. In a note dated July 07, 2022, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
The stock price of Blend Labs Inc [BLND] has been fluctuating between $2.08 and $5.53 over the past year. Currently, Wall Street analysts expect the stock to reach $5.25 within the next 12 months. Blend Labs Inc [NYSE: BLND] shares were valued at $3.28 at the most recent close of the market. An investor can expect a potential return of 60.06% based on the average BLND price forecast.
Analyzing the BLND fundamentals
The Blend Labs Inc [NYSE:BLND] reported sales of 162.02M for trailing twelve months, representing a surge of 14.69%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at -0.3%, Pretax Profit Margin comes in at -0.27%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is 4.21 and Total Capital is -0.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.01.
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 2.96 points at the first support level, and at 2.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.64, and for the 2nd resistance point, it is at 3.99.
Ratios To Look Out For
It’s worth pointing out that Blend Labs Inc [NYSE:BLND]’s Current Ratio is 3.44. Also, the Quick Ratio is 3.44, while the Cash Ratio stands at 1.08. Considering the valuation of this stock, the price to sales ratio is 5.26.
Transactions by insiders
Recent insider trading involved Haveli Investments, L.P., Director, that happened on Mar 10 ’25 when 1.06 million shares were purchased. Director, Haveli Investments, L.P. completed a deal on Mar 07 ’25 to buy 1.42 million shares. Meanwhile, Director Haveli Investments, L.P. bought 0.59 million shares on Mar 06 ’25.
