2.93
-0.34 (-10.40%)
| Previous Close | 3.27 |
| Open | 3.24 |
| Volume | 1,567,586 |
| Avg. Volume (3M) | 2,375,936 |
| Market Cap | 739,467,584 |
| Price / Earnings (Forward) | 117.65 |
| Price / Sales | 6.44 |
| Price / Book | 2.00 |
| 52 Weeks Range | |
| Earnings Date | 7 Aug 2024 - 12 Aug 2024 |
| Profit Margin | -73.70% |
| Operating Margin (TTM) | -32.44% |
| Diluted EPS (TTM) | -0.490 |
| Quarterly Revenue Growth (YOY) | -5.50% |
| Total Debt/Equity (MRQ) | 7.20% |
| Current Ratio (MRQ) | 3.43 |
| Operating Cash Flow (TTM) | -57.11 M |
| Levered Free Cash Flow (TTM) | -8.43 M |
| Return on Assets (TTM) | -19.03% |
| Return on Equity (TTM) | -101.26% |
Market Trend
| Short Term | Medium Term | ||
| Industry | Software - Application (US) | Mixed | Mixed |
| Software - Application (Global) | Mixed | Mixed | |
| Stock | Blend Labs, Inc. | Bullish | Bullish |
Stockmoo Score
| Analyst Consensus | 3.0 |
| Insider Activity | -1.5 |
| Price Volatility | -2.0 |
| Technical Moving Averages | -2.5 |
| Technical Oscillators | 2.0 |
| Average | -0.20 |
|
Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services firms and consumers. It supports and simplifies applications for mortgages, consumer loans, and deposit accounts. Its operating segments are; Blend Platform segment which comprises a suite of products that power the entire origination process from back-end workflows to consumer experience, and the Title segment enables customers to streamline the title, settlement, and closing process at scale for mortgages, home equity lines of credit, and home equity loans. The majority of the revenue for the company is generated from the Blend Platform segment. |
|
| Sector | Technology |
| Industry | Software - Application |
| Investment Style | Small Value |
| % Held by Insiders | 4.15% |
| % Held by Institutions | 64.43% |
Ownership
| Name | Date | Shares Held |
|---|---|---|
| Lightspeed Ultimate General Partner Ix, Ltd. | 30 Sep 2023 | 14,818,355 |
| Greylock 15 Gp Llc | 31 Mar 2024 | 10,034,191 |
| Emergence Gp Partners, Llc | 31 Dec 2023 | 4,244,379 |
| Metavasi Capital Lp | 31 Mar 2024 | 3,708,993 |
| 52 Weeks Range | ||
| Price Target Range | ||
| High | 4.75 (Canaccord Genuity, 62.12%) | Buy |
| Median | 3.40 (16.04%) | |
| Low | 3.25 (Keefe, Bruyette & Woods, 10.92%) | Hold |
| Average | 3.80 (29.69%) | |
| Total | 2 Buy, 1 Hold | |
| Avg. Price @ Call | 3.54 | |
| Firm | Date | Target Price | Call | Price @ Call |
|---|---|---|---|---|
| Canaccord Genuity | 12 Aug 2024 | 4.75 (62.12%) | Buy | 3.66 |
| Keefe, Bruyette & Woods | 12 Aug 2024 | 3.25 (10.92%) | Hold | 3.66 |
| Goldman Sachs | 09 Aug 2024 | 3.40 (16.04%) | Buy | 3.30 |
| Name | Avg. Buy ($) | Avg. Sell ($) | Net Quantity | Net Value ($) |
|---|---|---|---|---|
| LING WINNIE | - | 3.52 | -20,000 | -70,400 |
| Aggregate Net Quantity | -20,000 | |||
| Aggregate Net Value ($) | -70,400 | |||
| Aggregate Avg. Buy ($) | - | |||
| Aggregate Avg. Sell ($) | 3.52 | |||
| Name | Holder | Date | Type | Quantity | Price | Value ($) |
|---|---|---|---|---|---|---|
| LING WINNIE | Officer | 10 Oct 2024 | Automatic sell (-) | 20,000 | 3.52 | 70,400 |
| Date | Type | Details |
|---|---|---|
| 14 Oct 2024 | Announcement | PenFed Credit Union Selects Blend to Transform Home Lending Operations |
| 08 Aug 2024 | Announcement | Blend Announces Second Quarter 2024 Financial Results |
| 07 Aug 2024 | Announcement | Blend to Participate in The Canaccord Genuity 44th Annual Growth Conference |
| 06 Aug 2024 | Announcement | First National Bank of Fort Smith Partners with Blend to Streamline their Mortgage Lending and HELOC Businesses |
| 05 Aug 2024 | Announcement | Blend Partners with Astra to Enable Near-Instant Deposit Account Funding |
| 01 Aug 2024 | Announcement | Blend to Announce Second Quarter 2024 Financial Results on August 8, 2024 |
| 30 Jul 2024 | Announcement | Langley FCU Launches Deposit Accounts With Blend, Achieves 37% Growth In New Digital Account Openings |
| 25 Jul 2024 | Announcement | Horizon Bank Selects Blend To Upgrade Mortgage Lending Experience |
| 24 Jul 2024 | Announcement | Palmetto Citizens FCU Selects Blend to Power Mortgage and Home Equity Solutions |
The support, resistance and trendline levels presented has been generated by an artificial intelligence (AI) model and should be interpreted with caution.
Portfolio
| Realized Profit | - |
| Unrealized Profit | - |
| Dividend Received 2024 | - |
| Total Profit | - |
| Avg. Return | - |
| Quantity (Buy) | - |
| Avg. Price (Buy) | - |
| Quantity (Sold) | - |
| Avg. Price (Sold) | - |