Blend Labs Inc (NYSE:BLND) insider Jonathan Y. Chan sold 2,083 shares of the firm’s stock in a transaction on Monday, January 10th. The stock was sold at an average price of $7.00, for a total value of $14,581.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NYSE BLND opened at $7.07 on Friday. The company’s 50-day moving average price is $9.40. Blend Labs Inc has a twelve month low of $6.45 and a twelve month high of $21.04. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.26.
Blend Labs (NYSE:BLND) last released its quarterly earnings results on Wednesday, November 10th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02). The business had revenue of $89.57 million during the quarter, compared to analyst estimates of $85.43 million. On average, analysts predict that Blend Labs Inc will post -0.97 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. Wells Fargo & Company cut their price target on Blend Labs from $20.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 13th. Zacks Investment Research upgraded Blend Labs from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research report on Tuesday. Piper Sandler lowered their price objective on Blend Labs from $13.00 to $10.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, KeyCorp lowered their price objective on Blend Labs from $22.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, November 12th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $19.90.
About Blend Labs
Blend Labs Inc designs and develops software. The Company offers a platform which focuses on mortgage lending, as well as provides an application experience for home buying process for both buyers and lenders. Blend Labs Inc is based in San Francisco, United States.
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