Blend Labs, Inc. (BLND)

NYSE: BLND · IEX Real-Time Price · USD
3.04
+0.02 (0.66%)
Aug 12, 2022 4:00 PM EDT - Market closed
0.66%
Market Cap 707.13M
Revenue (ttm) 274.14M
Net Income (ttm) -217.82M
Shares Out 232.61M
EPS (ttm) -1.22
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 2,198,574
Open 3.03
Previous Close 3.02
Day's Range 2.98 - 3.07
52-Week Range 2.17 - 20.35
Beta n/a
Analysts Hold
Price Target 3.66 (+20.4%)
Earnings Date Aug 15, 2022

About BLND

Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company offers a suite of white-label products for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts. It also provides a suite of mortgage products that facilitates homeownership journey for consumers comprising close, income verification for mortgage, homeowners insurance, and realty. In addition, the c... [Read more...]

Industry Software-Application
IPO Date Jul 16, 2021
Employees 1,689
Stock Exchange NYSE
Ticker Symbol BLND
Full Company Profile

Financial Performance

In 2021, Blend Labs's revenue was $234.50 million, an increase of 144.19% compared to the previous year's $96.03 million. Losses were -$169.91 million, 127.7% more than in 2020.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for BLND stock is "Hold." The 12-month stock price forecast is 3.66, which is an increase of 20.39% from the latest price.

Price Target
$3.66
(20.39% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Blend to Announce Second Quarter 2022 Financial Results on August 15, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a live discussion of its second quarter 2022 financial resul...

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Blend to Participate in the 42nd Annual William Blair Growth Stock Conference

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Co-Founder and Head of Blend, Nima Ghamsari, along with Marc Greenberg, Head of Fi...

Blend Announces First Quarter 2022 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2022 financial results. “Blend's first quarter reflects our growing mo...

Why Blend Labs (BLND) Might Surprise This Earnings Season

Blend Labs (BLND) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Blend Announces Q&A Platform for Shareholders Ahead of First Quarter 2022 Earnings Release

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced the opening of a shareholder Q&A platform to be used in connection with its upcoming ea...

Blend to Announce First Quarter 2022 Financial Results on May 12, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a live discussion of its first quarter 2022 financial result...

Blend Launches Three New eClosing Offerings

SAN FRANCISCO--(BUSINESS WIRE)---- $BLND--Blend, a leading cloud banking provider, today announced the availability of three new eClosing products.

Blend Labs to cut 10% of its workforce

Shares of Blend Labs Inc. BLND, -0.21% were little changed in morning trading Tuesday, after the San Francisco-based banking software company disclosed that it will cut 200 jobs, or about 10% of its wor...

What Makes Blend Labs (BLND) a New Buy Stock

Blend Labs (BLND) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Even Though It's Down 77%, I'm Not Selling Blend Labs

As an investment, Blend Labs has been a disaster so far, but there are reasons for shareholders to hang on for the long haul.

Read How Analysts Reacted To Blend Labs' Q4 Results

Analysts mainly slashed the price targets or downgraded the rating on Blend Labs Inc (NYSE: BLND) post Q4 results. KeyBanc analyst Josh Beck lowered the price target to $6 from $10 (26% upside) and kept...

Why Blend Labs Shares Are Plunging After Hours

Blend Labs Inc (NYSE: BLND) reported fourth-quarter revenue growth of 164.3% year-over-year to $80.99 million, missing the consensus of $82.92 million. Blend Platform segment revenue was $36.5 million (...

Blend Announces Fourth Quarter and Full Year 2021 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced its fourth quarter and full year 2021 financial results. In addition, the company provi...

Blend Changes Date for Release of Fourth Quarter and Full Year 2021 Financial Results to March 31, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Thursday, March 31, 2022 at 5:00 pm ET ...

Blend to Announce Fourth Quarter and Full Year 2021 Financial Results on March 22, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Blend to Announce Fourth Quarter and Full Year 2021 Financial Results on March 22, 2022

BLND Stock: 9 Things to Know About Blend Labs as Shares Get a Big Boost Today

Blend Labs (BLND) stock is on the move Thursday after Joe Lonsdale highlighted his stake in the company during an interview. The post BLND Stock: 9 Things to Know About Blend Labs as Shares Get a Big Bo...

Blend to Participate in the Needham Growth Conference

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Nima Ghamsari, co-founder and head of Blend, will participate in a fireside chat d...

3 Reasons Why Blend Labs Will Be a Long-Term Winner

This under-the-radar SaaS company looks to have a bright future ahead of it in the banking industry.

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Blend Onboards More Than 125 Lenders and 21,000 Settlement Agents for its Digital Closing Product Within 18 Months, S...

SAN FRANCISCO--(BUSINESS WIRE)--Blend (NYSE: BLND), a leader in cloud banking software, today announced that Blend Close, their digital closing solution for mortgage and home equity products, has been a...

Blend to Participate in the UBS Global TMT Conference

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Nima Ghamsari, co-founder and head of Blend, will participate in a fireside chat d...

Blend Labs CEO Nima Ghamsari on Fintech, AI, Blockchain, and the Metaverse

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Blend to Participate in the KBW Innovation in Finance Conference

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Nima Ghamsari, Co-founder and Head of Blend, will participate in a panel discussio...

Blend to Participate in the Wells Fargo TMT Summit

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Tim Mayopoulos, President of Blend, will participate in a virtual fireside chat at...