After finishing at $2.66 in the prior trading day, Blend Labs Inc (NYSE: BLND) closed at $2.53, down -4.89%. On the day, 1709112 shares were traded.
Ratios:
Our goal is to gain a better understanding of BLND by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.35 and its Current Ratio is at 5.35.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on December 20, 2023, Upgraded its rating to Overweight and sets its target price to $3.50 from $1.50 previously.
On November 14, 2022, Keefe Bruyette Upgraded its rating to Mkt Perform which previously was Underperform but kept the price unchanged to $2.25.
Keefe Bruyette Downgraded its Mkt Perform to Underperform on July 25, 2022, whereas the target price for the stock was revised from $4 to $2.75.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 22 ’24 when Ghamsari Nima sold 81,700 shares for $2.99 per share. The transaction valued at 244,291 led to the insider holds 34,774 shares of the business.
Jafari Amir bought 5,555 shares of BLND for $16,665 on Mar 13 ’24. The HEAD OF FINANCE AND ADMIN. now owns 396,451 shares after completing the transaction at $3.00 per share. On Feb 23 ’24, another insider, Ghamsari Nima, who serves as the HEAD OF BLEND of the company, sold 112,108 shares for $2.23 each. As a result, the insider received 250,247 and left with 116,474 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.07.
Stock Price History:
Over the past 52 weeks, BLND has reached a high of $3.40, while it has fallen to a 52-week low of $0.53.
Shares Statistics:
A total of 240.26M shares are outstanding, with a floating share count of 159.91M. Insiders hold about 36.55% of the company’s shares, while institutions hold 26.00% stake in the company.
Earnings Estimates
Its stock is currently analyzed by BLND different market analysts. The consensus estimate for the next quarter is $6.64, with high estimates of $71.20 and low estimates of $2.48.
EPS for the following year is $Stocks, with ETF analysts recommending between $ETF and $Stocks.
