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Blend Labs (BLND)
NYSE:BLND
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BLND Stock Chart & Stats
Day’s Range― - ―
52-Week Range$2.08 - $5.53
Previous CloseN/A
Volume845.24K
Average Volume (3M)3.51M
Market Cap
$918.79M
Enterprise Value$1.03B
Total Cash (Recent Filing)$127.27M
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)―
Beta2.52
Next Earnings
Mar 13, 2025EPS Estimate
<0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.34
Shares Outstanding252,182,830
10 Day Avg. Volume4,075,409
30 Day Avg. Volume3,509,869
Standard Deviation0.30
R-Squared0.05
Alpha-0.00719
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)6.08
Price to Cash Flow (P/CF)114.70
P/FCF Ratio0.00
Enterprise Value/Market Cap1.12
Enterprise Value/Revenue6.59
Enterprise Value/Gross Profit12.73
Enterprise Value/Ebitda-20.40
Forecast
1Y Price Target
$5.74Price Target Upside59.89% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Blend Labs News
PremiumCompany Announcements
Blend Labs Reports Strong Q3 2024 Results
PremiumCompany Announcements
Blend Labs Achieves Profitability and Revenue Growth Milestones
Bulls Say, Bears Say
Bulls Say
Financial PerformanceBlend reported third-quarter results nicely ahead of Street expectations with both Blend Platform revenues and total revenues returning to growth for the first time in nearly 10 quarters.
Market OpportunityBlend's target market, including banks, credit unions, and independent mortgage banks, is seen as attractive with a current addressable market opportunity estimated at approximately $9.9 billion.
Product ExpansionThe Blend solution suite has expanded materially providing a nice setup both for increased economic value per loan and longer-term upside in its broader banking suite solution.
Bears Say
Interest RatesA prolonged high interest rate environment may keep mortgage volumes and related transactions depressed, posing a risk to Blend's price target.
Potential DilutionThere is a substantial amount of potential dilution in Blend’s model, with 254.9M weighted average shares of common stock outstanding and another 122.6M of potentially dilutive securities outstanding.
Revenue ConcentrationRevenue concentration is a concern, with a single customer accounting for 17% of revenue year-to-date 2024, and 24 customers making up about 66% of revenue in 2023.
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Ownership Overview
11.37% Insiders
10.22% Mutual Funds
28.05% Other Institutional Investors
37.18% 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 $2.08 and its highest was $5.53 in the past 12 months.
What is Blend Labs’s market cap?
Blend Labs’s market cap is $918.79M.
When is Blend Labs’s upcoming earnings report date?
Blend Labs’s upcoming earnings report date is Mar 13, 2025 which is in 54 days.
How were Blend Labs’s earnings last quarter?
Blend Labs released its earnings results on Nov 06, 2024. The company reported $0 earnings per share for the quarter, beating the consensus estimate of -$0.022 by $0.022.
Is Blend Labs overvalued?
According to Wall Street analysts Blend Labs’s price is currently Undervalued.
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 <0.01.
How many shares outstanding does Blend Labs have?
Blend Labs has 252,182,830 shares outstanding.
What happened to Blend Labs’s price movement after its last earnings report?
Blend Labs reported an EPS of $0 in its last earnings report, beating expectations of -$0.022. Following the earnings report the stock price went up 15.026%.
Which hedge fund is a major shareholder of Blend Labs?
Among the largest hedge funds holding Blend Labs’s share is Driehaus Capital Management LLC. It holds Blend Labs’s shares valued at 18M.
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Blend Labs Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$5.74 (59.89% Upside)
$5.74 (59.89% Upside)
Blogger Sentiment
Bullish
BLND Sentiment 80%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 2.1M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.1%
Last 30 Days ▲ 27.0%
Last 30 Days ▲ 27.0%
News Sentiment
Neutral
Bullish news 59%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
56.08%
12-Months-Change
Fundamentals
Return on Equity
-93.00%
Trailing 12-Months
Asset Growth
-41.53%
Trailing 12-Months
Company Description
Blend Labs
Blend Labs (BLND) is a technology company that specializes in developing digital platforms for the financial services industry. The company focuses on creating modern cloud-based software solutions that streamline the consumer loan process for financial institutions. Its core products include tools that facilitate mortgage lending, consumer banking, and other financial services, aiming to enhance user experience and increase the efficiency of banking operations.
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BLND Company Deck
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BLND Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment overall, driven by the achievement of profitability, strong growth in the Consumer Banking segment, and strategic partnerships aimed at enhancing profitability. The challenges noted, such as the decline in Title margins and cautious outlook for mortgage originations, are acknowledged but do not overshadow the positive momentum in the company's strategic initiatives and financial performance.Read More>---
BLND Stock 12 Month Forecast
Average Price Target
$5.74
▲(59.89% Upside)
Technical Analysis
Best Analysts Covering BLND
1 Year
1 Year Success Rate
8/16 ratings generated profit
1 Year Average Return
+47.52%
reiterated a buy rating last month
Copying Mike Ng's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +47.52% per trade.
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