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Saturday, June 3, 2023

The Street Is Finally Waking Up To Blend Labs Inc. (NYSE: BLND)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Blend Labs Inc. (BLND) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.025, or -2.48%, to $0.985. The Blend Labs Inc. has recorded 12,809 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Composable Tech Is Growing At An Estimated 50.4% Annually – This Fintech Is Aiming To Capture More Of That Market With Its New Composable Origination Tech.

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Stocks Info

Blend Labs Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $1.01 and fluctuated between $1.0550 as its day high and $0.9191 as its day low. The current market capitalization of Blend Labs Inc. is $278.67M. A total of 0.87 million shares were traded on the day, compared to an average of 1.82M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BLND has seen 2 BUY and 5 SELL insider trades, representing the acquisition of 400,012 and the disposition of 455,497 shares. Over the last 12 months, there were 22 BUYs and 39 SELLs from insiders. Insiders purchased 2,585,400 shares during that period but sold 3,023,581.

In the most recent transaction, Ghamsari Nima sold 230,770 shares of BLND for 0.61 per share on Apr 28. After the transaction, the Head of Blend now owns 0 company shares. In a previous transaction on Mar 29, Ghamsari Nima sold 169,242 shares at 0.94 per share. BLND shares that Head of Blend owns now total 0.

Among the insiders who sold shares, Sumner Crystal disposed of 15,180 shares on Feb 01 at a per-share price of $1.64. This resulted in the Head of Legal, Compliance,Risk holding 440,057 shares of BLND after the transaction. In another insider transaction, Sumner Crystal sold 45,943 shares at $1.12 per share on Dec 27. Company shares held by the Head of Legal, Compliance,Risk now total 455,237.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BLND in the last 3 months, the mean price target is $1.37 with high estimates of $2.00 and low estimates of $1.00. In terms of 52-week highs and lows, BLND has a high of $3.85 and a low of $0.53.

As of this writing, BLND has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.12 per share and a lower estimate of -$0.13. The company reported an EPS of -$0.21 in the last quarter, which was -31.20% lower than expectations of -$0.16.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BLND’s latest balance sheet shows that the firm has $547.23M in Cash & Short Term Investments as of fiscal 2021. There were $228.45M in debt and $60.03M in liabilities at the time. Its Book Value Per Share was $0.30, while its Total Shareholder’s Equity was $810.59M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BLND is Buy with a score of 3.22.

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