New insider activity at Blend Labs ( (BLND) ) has taken place on March 13, 2025.
Director Haveli Investments, L.P. has made a significant investment in Blend Labs by purchasing 1,062,317 shares of the company’s stock. This transaction is valued at $3,271,936, indicating a strong vote of confidence in the company’s future prospects.
Recent Updates on BLND stock
Blend Labs has experienced several price target adjustments from analysts due to a mix of positive developments and ongoing challenges. Keefe Bruyette lowered its price target, citing expectations for positive underlying trends in the second half of the year. Canaccord also reduced its target, acknowledging strong interest in Blend’s solutions, particularly with new logo wins and the rollout of Rapid Refi and Rapid Home Equity, despite a tough macro environment. UBS adjusted its target downward as well, noting the challenging mortgage backdrop and a strategic shift towards consumer banking. Blend’s recent earnings call highlighted significant growth in consumer banking, new customer acquisitions, and strategic partnerships, although it also pointed out challenges such as declining mortgage economic value and macroeconomic pressures. The company remains optimistic about future growth, focusing on platform revenue growth and positive free cash flow margins.
More about Blend Labs
YTD Price Performance: -13.54%
Average Trading Volume: 3,392,758
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $849.7M