After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Yahoo Finance discussed the stock recently as it posted Blend’s Soft Credit Functionality Supports Fannie Mae’s Desktop Underwriter Early Assessment Enhancement.
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Stocks Info
As a NYSE listed company, BLND falls under the Technology sector while operating within the Software – Application industry segment. The current market capitalization of Blend Labs Inc is $682.55M. A total of 2.04 million shares were traded on the day, compared to an average of 1.49M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BLND has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 69,853 and the disposition of 111,608 shares. Over the last 12 months, there were 20 BUYs and 16 SELLs from insiders. Insiders purchased 1,325,895 shares during that period but sold 1,122,650.
In the most recent transaction, Ghamsari Nima sold 112,108 shares of BLND for 2.23 per share on Feb 23. After the transaction, the HEAD OF BLEND now owns 116,474 company shares. In a previous transaction on Feb 13, Jafari Amir bought 6,051 shares at 2.61 per share. BLND shares that HEAD OF FINANCE AND ADMIN. owns now total 81,610.
Among the insiders who sold shares, Ghamsari Nima disposed of 97,657 shares on Jan 24 at a per-share price of $2.52. This resulted in the Head of Blend holding 0 shares of BLND after the transaction. In another insider transaction, Jafari Amir bought 7,002 shares at $2.43 per share on Jan 12. Company shares held by the Head of Finance and Admin. now total 75,559.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, BLND has a high of $3.37 and a low of $0.53.
As of this writing, BLND has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.09 in the last quarter, which was 30.80% higher than expectations of -$0.13.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BLND’s latest balance sheet shows that the firm has $547.23M in Cash & Short Term Investments as of fiscal 2021. There were $232.31M in debt and $60.03M in liabilities at the time. Its Book Value Per Share was $0.03, while its Total Shareholder’s Equity was $810.59M.
Analysts Opinion
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. 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 3.67.
