Market Analysts see Blend Labs Inc. [BLND] gaining to $2.25. Time to buy?

Blend Labs Inc. [NYSE: BLND] stock went on an upward path that rose over 10.83% on Wednesday, amounting to a one-week price increase of more than 20.91%. The company report on November 10, 2022 that Blend Announces Third Quarter 2022 Financial Results.


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Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its third quarter 2022 financial results.

Over the last 12 months, BLND stock dropped by -82.52%. The one-year Blend Labs Inc. stock forecast points to a potential upside of 51.99. The average equity rating for BLND stock is currently 2.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $293.24 million, with 235.27 million shares outstanding and 210.77 million shares in the current float. Compared to the average trading volume of 1.88M shares, BLND stock reached a trading volume of 3838733 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $2.77 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 2.90. 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 Mkt Perform, with their previous recommendation back on November 14, 2022. While these analysts kept the previous recommendation, Keefe Bruyette dropped their target price from $4 to $2.75. The new note on the price target was released on July 25, 2022, representing the official price target for Blend Labs Inc. stock.

The Average True Range (ATR) for Blend Labs Inc. is set at 0.17, with the Price to Sales ratio for BLND stock in the period of the last 12 months amounting to 1.07. The Price to Book ratio for the last quarter was 1.77, with the Price to Cash per share for the same quarter was set at 1.82.

BLND Stock Performance Analysis:

Blend Labs Inc. [BLND] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.91. With this latest performance, BLND shares dropped by -39.27% in over the last four-week period, additionally sinking by -52.84% over the last 6 months – not to mention a drop of -82.52% 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 41.41, with the RSI for the last a single of trading hit 47.27, and the three-weeks RSI is set at 39.81 for Blend Labs Inc. [BLND]. The present Moving Average for the last 50 days of trading for this stock 1.8834, while it was recorded at 1.2340 for the last single week of trading, and 3.3302 for the last 200 days.

Insight into Blend Labs Inc. Fundamentals:

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 10.30 and a Current Ratio set at 10.30.

Blend Labs Inc. [BLND] Insider Position Details

There are presently around $182 million, or 68.50% of BLND stock, in the hands of institutional investors. The top three institutional holders of BLND stocks are: VANGUARD GROUP INC with ownership of 18,304,227, which is approximately 35.704% 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 $19.71 million in BLND stocks shares; and TEMASEK HOLDINGS (PRIVATE) LTD, currently with $15.79 million in BLND stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Blend Labs Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 57 institutional holders increased their position in Blend Labs Inc. [NYSE:BLND] by around 15,795,111 shares. Additionally, 41 investors decreased positions by around 11,473,463 shares, while 39 investors held positions by with 109,257,953 shares. The mentioned changes placed institutional holdings at 136,526,527 shares, according to the latest SEC report filing. BLND stock had 25 new institutional investments in for a total of 3,069,297 shares, while 16 institutional investors sold positions of 2,848,364 shares during the same period.

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