Blend Labs Inc. [BLND] Revenue clocked in at $307.60 million, down -58.45% YTD: What’s Next?

Blend Labs Inc. [NYSE: BLND] loss -1.29% on the last trading session, reaching $3.05 price per share at the time. The company report on September 6, 2022 that Blend Hires Former ServiceNow, Snowflake Executive As New Head of Revenue.


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Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced tech industry veteran Dean Klinger as its new Head of Revenue. Klinger recently served as Senior Vice President of Sales, Major Accounts at Snowflake, Inc. (NYSE: SNOW), a market leader in cloud-based data warehousing and analytics (the data cloud).

Reporting to Head of Blend, Nima Ghamsari, Klinger will oversee Blend’s end-to-end customer journey. Klinger brings 25+ years of sales and leadership experience in the enterprise software space to Blend. He spent 12 of those years in various senior leadership roles in the SaaS cloud space selling highly technical solutions to enterprise customers.

Blend Labs Inc. represents 232.50 million in outstanding shares, while the company has a total market value of $728.28 million with the latest information. BLND stock price has been found in the range of $3.03 to $3.36.

If compared to the average trading volume of 2.12M shares, BLND reached a trading volume of 2893056 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Blend Labs Inc. [BLND]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLND shares is $3.52 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLND stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Keefe Bruyette have made an estimate for Blend Labs Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on July 25, 2022. The new note on the price target was released on July 07, 2022, representing the official price target for Blend Labs Inc. stock. Previously, the target price had yet another raise to $4.20, while Compass Point analysts kept a Neutral rating on BLND stock.

The Average True Range (ATR) for Blend Labs Inc. is set at 0.24, with the Price to Sales ratio for BLND stock in the period of the last 12 months amounting to 2.37. The Price to Book ratio for the last quarter was 2.54, with the Price to Cash per share for the same quarter was set at 1.89.

Trading performance analysis for BLND stock

Blend Labs Inc. [BLND] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.33. With this latest performance, BLND shares dropped by -14.08% in over the last four-week period, additionally sinking by -53.29% over the last 6 months – not to mention a drop of -80.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BLND stock in for the last two-week period is set at 50.61, with the RSI for the last a single of trading hit 50.17, and the three-weeks RSI is set at 50.27 for Blend Labs Inc. [BLND]. The present Moving Average for the last 50 days of trading for this stock 2.97, while it was recorded at 3.05 for the last single week of trading, and 5.30 for the last 200 days.

Blend Labs Inc. [BLND]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Blend Labs Inc. [BLND] shares currently have an operating margin of -80.49 and a Gross Margin at +45.99. Blend Labs Inc.’s Net Margin is presently recorded at -73.07.

Return on Equity for this stock declined to -36.53, with Return on Assets sitting at -25.80.

Blend Labs Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.50 and a Current Ratio set at 10.50.

An analysis of insider ownership at Blend Labs Inc. [BLND]

There are presently around $454 million, or 67.20% of BLND stock, in the hands of institutional investors. The top three institutional holders of BLND stocks are: FORMATION8 GP, LLC with ownership of 16,220,511, which is approximately New of the company’s market cap and around 0.60% of the total institutional ownership; LIGHTSPEED ULTIMATE GENERAL PARTNER IX, LTD., holding 14,818,355 shares of the stock with an approximate value of $45.2 million in BLND stocks shares; and TIGER GLOBAL MANAGEMENT LLC, currently with $42.77 million in BLND stock with ownership of nearly -29.124% of the company’s market capitalization.

Positions in Blend Labs Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 66 institutional holders increased their position in Blend Labs Inc. [NYSE:BLND] by around 43,492,067 shares. Additionally, 47 investors decreased positions by around 24,730,153 shares, while 25 investors held positions by with 80,585,308 shares. The mentioned changes placed institutional holdings at 148,807,528 shares, according to the latest SEC report filing. BLND stock had 42 new institutional investments in for a total of 19,398,053 shares, while 24 institutional investors sold positions of 3,945,906 shares during the same period.

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