Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States. 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 serves banks, credit unions, fintechs, and non-bank mortgage lenders. Blend Labs, Inc. was incorporated in 2012 and is headquartered in San Francisco, California.
IPO Year: 2021
Exchange: NYSE
Website: blend.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/18/2024 | $7.00 | Mkt Outperform | JMP Securities |
| 8/12/2024 | $3.00 → $4.75 | Hold → Buy | Canaccord Genuity |
| 8/9/2024 | Mkt Perform → Outperform | William Blair | |
| 12/20/2023 | $1.50 → $3.50 | Equal Weight → Overweight | Wells Fargo |
| 11/14/2022 | $2.25 | Underperform → Mkt Perform | Keefe Bruyette |
| 7/25/2022 | $4.00 → $2.75 | Mkt Perform → Underperform | Keefe Bruyette |
| 7/7/2022 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 5/25/2022 | $4.20 | Neutral | Compass Point |
| 4/4/2022 | Outperform → Mkt Perform | William Blair | |
| 4/1/2022 | $28.00 → $5.00 | Buy → Hold | Canaccord Genuity |
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Collaboration to enhance borrower experience, streamline lender workflows, and improve conversion rates Blend Labs, Inc. (NYSE:BLND), a leading origination platform for digital banking solutions, today announced a partnership with PHH Mortgage, a subsidiary of Onity Group Inc. (NYSE:ONIT) and one of the largest servicers in the country, to bring a new level of efficiency and simplicity to PHH's home lending operations. By automating and eliminating many of the manual steps that delay approvals and timely closings, the implementation of Blend's Mortgage Suite is expected to enhance the borrowers' application experience, shorten loan cycle times, and free up loan officer capacity so they
Seasoned executive to propel Blend's next phase of product innovation and growth Blend Labs, Inc. (NYSE:BLND), a leading platform for digital banking solutions, today announced the appointment of Srini Venkatramani as Head of Product, Technology, and Customer Operations. Srini's leadership will be instrumental in accelerating Blend's next phase of growth in the digital banking space. With over 23 years of experience, Srini joins Blend with a proven track record of scaling SaaS businesses, driving product innovation, and delivering accelerated value creation for stakeholders. In his role as Head of Product, Technology, and Customer Operations, he will orchestrate the company's product vi
Blend Labs Inc. (NYSE:BLND), a leading origination platform for digital banking solutions, today announced that its management will participate at the following investor conference: Wells Fargo 8th Annual TMT Summit Rancho Palos Verdes, CA Wednesday, December 4, 2024 Fireside Chat at 10:15 a.m. PST The conference fireside chat will be available via live audio webcast accessible on the Investors section of the Company's website at investor.blend.com. About Blend Blend Labs Inc. (NYSE:BLND), is a leading origination platform for digital banking solutions. Financial providers—from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend's platform
Blend Labs, Inc. (NYSE:BLND), a leading digital origination platform, announced today that Nima Ghamsari, Co-Founder and Head of Blend, will be presenting at the 2024 KBW Fintech Conference in New York City on Wednesday, November 13, 2024 at 9:30 am ET. The live presentation will also be available at investor.blend.com. A replay will be accessible on the website following the conference. About Blend Blend Labs Inc., (NYSE:BLND) is a leading digital origination platform for banking solutions. Financial providers—from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend's platform to transform banking experiences for their customers. Blend powers b
Welcomes New Customers and Accomplishes Important Financial Milestones for the Business Blend Labs, Inc. (NYSE:BLND), a leading origination platform for digital banking solutions, today announced its third quarter 2024 financial results. "The third quarter resulted in several big wins for Blend, including the signing of multi-year deals with new customers in both mortgage and consumer banking as well as the significant milestone of achieving non-GAAP operating profitability ahead of our fourth quarter target," said Nima Ghamsari, Head of Blend. "This achievement reflects the dedication, focus and hard work of our entire team. Reaching this milestone now positions us to enter the next phas
Award recognizes the most impactful and innovative technology leaders serving the housing economy Blend (NYSE:BLND), the leading origination platform for digital banking solutions, announced today that Erik Wrobel, Blend's Head of Product, was recognized as a 2024 HW Tech Trendsetter by HousingWire. In its sixth year, the list identifies the most impactful and innovative technology leaders serving the housing economy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241101501477/en/Blend Head of Product Erik Wrobel (Photo: Business Wire) "I'm honored to accept this award on behalf of Blend, as it truly reflects our dedication to b
Blend Labs, Inc. (NYSE:BLND), the leading origination platform for digital banking solutions, today announced that the Company's third quarter 2024 financial results will be released after market close on Wednesday, November 6, 2024. The Company will host a conference call to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET the same day. A link to the live call can be accessed at the Company's Investor Relations website at investor.blend.com, along with the Company's earnings press release, financial information, and slide presentation. Following the call, a replay will be available at the same website. About Blend Blend is the leading origination platform for digital banking solutions
Adoption of Blend's Close solution has cut closing times to 20 minutes and reduced loan processing from 7 days to 48 hours, enhancing efficiency and borrower satisfaction Blend, the leading origination platform for digital banking solutions, is pleased to announce the successful implementation of its Close solution at SouthState Bank (SouthState), resulting in significant enhancements to borrower experience and operational efficiency. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021622665/en/ SouthState, a regional bank with $44 billion in assets and over 1 million customers across the southeastern United States, sought Ble
SCOTTSDALE, Ariz., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Erin Lantz as an independent director to its Board of Directors, effective October 14, 2024. Her appointment demonstrates the Company's commitment to ongoing board refreshment as it increases its size to 11 directors. The Board plans to consider Ms. Lantz for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Ms. Lantz brings to the Meritage Board over 20 years of leadership experience and extensive knowledge in technology-related offerings. She currently serves
Nation's second largest federal credit union to enhance automation, efficiency and member experience with Blend Blend (NYSE:BLND), the leading origination platform for banking solutions, today announced a partnership with PenFed Credit Union to enhance its home lending operations. As the nation's second largest federal credit union, with over $33 billion in assets and nearly 3 million members, PenFed's decision to partner with Blend represents a significant step towards delivering a more seamless mortgage application experience for its members, while providing its loan officers with a cutting-edge platform. Blend: A Proven Partner to Credit Unions Blend currently serves seven of the top
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JMP Securities initiated coverage of Blend Labs with a rating of Mkt Outperform and set a new price target of $7.00
Canaccord Genuity upgraded Blend Labs from Hold to Buy and set a new price target of $4.75 from $3.00 previously
William Blair upgraded Blend Labs from Mkt Perform to Outperform
Wells Fargo upgraded Blend Labs from Equal Weight to Overweight and set a new price target of $3.50 from $1.50 previously
Keefe Bruyette upgraded Blend Labs from Underperform to Mkt Perform and set a new price target of $2.25
Keefe Bruyette downgraded Blend Labs from Mkt Perform to Underperform and set a new price target of $2.75 from $4.00 previously
KeyBanc Capital Markets downgraded Blend Labs from Overweight to Sector Weight
Compass Point initiated coverage of Blend Labs with a rating of Neutral and set a new price target of $4.20
William Blair downgraded Blend Labs from Outperform to Mkt Perform
Canaccord Genuity downgraded Blend Labs from Buy to Hold and set a new price target of $5.00 from $28.00 previously
Seasoned executive to propel Blend's next phase of product innovation and growth Blend Labs, Inc. (NYSE:BLND), a leading platform for digital banking solutions, today announced the appointment of Srini Venkatramani as Head of Product, Technology, and Customer Operations. Srini's leadership will be instrumental in accelerating Blend's next phase of growth in the digital banking space. With over 23 years of experience, Srini joins Blend with a proven track record of scaling SaaS businesses, driving product innovation, and delivering accelerated value creation for stakeholders. In his role as Head of Product, Technology, and Customer Operations, he will orchestrate the company's product vi
SCOTTSDALE, Ariz., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Erin Lantz as an independent director to its Board of Directors, effective October 14, 2024. Her appointment demonstrates the Company's commitment to ongoing board refreshment as it increases its size to 11 directors. The Board plans to consider Ms. Lantz for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Ms. Lantz brings to the Meritage Board over 20 years of leadership experience and extensive knowledge in technology-related offerings. She currently serves
Blend Bolsters its Board of Directors to Guide Next Phase of Growth Blend (NYSE:BLND), a leading provider of digital banking solutions, is pleased that Bryan Sullivan and Eric Woersching have been elected to its Board of Directors, at the Company's annual meeting of stockholders held on June 12, 2024. As of June 12, 2024, Sullivan is serving as Chair of the Audit Committee and member of the Compensation Committee, and Woersching is serving as a member of the Audit Committee and Nominating and Corporate Governance Committee. "We're thrilled to welcome Bryan Sullivan and Eric Woersching to Blend's Board of Directors," said Nima Ghamsari, Chair of the Board and Head of Blend. "Sullivan b
Inclusion Expected to Expand Blend's Visibility with Investors Blend, a leading provider of digital banking solutions, today announced that it expects to join the Russell 2000® Index as part of the annual reconstitution of the Russell stock indexes. This inclusion is expected to take effect at the opening of U.S. equity markets on Monday, July 1, 2024, based on the preliminary list of additions posted on May 31, 2024. "We are excited to join the Russell 2000® Index, a testament to our execution and a validation of our strategy. Blend remains focused on leading through innovation, and this is yet another step in the right direction for our customers, investors, and employees," said Amir
Welcomes New Customers and Accomplishes Important Financial Milestones for the Business Blend Labs, Inc. (NYSE:BLND), a leading origination platform for digital banking solutions, today announced its third quarter 2024 financial results. "The third quarter resulted in several big wins for Blend, including the signing of multi-year deals with new customers in both mortgage and consumer banking as well as the significant milestone of achieving non-GAAP operating profitability ahead of our fourth quarter target," said Nima Ghamsari, Head of Blend. "This achievement reflects the dedication, focus and hard work of our entire team. Reaching this milestone now positions us to enter the next phas
Blend Labs, Inc. (NYSE:BLND), the leading origination platform for digital banking solutions, today announced that the Company's third quarter 2024 financial results will be released after market close on Wednesday, November 6, 2024. The Company will host a conference call to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET the same day. A link to the live call can be accessed at the Company's Investor Relations website at investor.blend.com, along with the Company's earnings press release, financial information, and slide presentation. Following the call, a replay will be available at the same website. About Blend Blend is the leading origination platform for digital banking solutions
Meets Revenue Guidance and Outperforms Operating Loss Target in Second Quarter 2024 Blend Labs, Inc. (NYSE:BLND), the leading platform for digital banking solutions, today announced its second quarter 2024 financial results. "The second quarter marked another strong quarter for Blend, as we signed several important deals with new customers across mortgage and consumer banking," said Nima Ghamsari, Head of Blend. "Despite continued pressures on the mortgage industry, we're excited about the new investments we made in the Blend Platform and the success we achieved in expanding our relationships with key customers through their increased adoption of our add-on products. In Consumer Banking
Blend Labs, Inc. (NYSE:BLND), a leader in digital banking solutions, today announced that the Company's second quarter 2024 financial results will be released after market close on Thursday, August 8, 2024. The Company will host a conference call to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET the same day. A link to the live call can be accessed at the Company's Investor Relations website at investor.blend.com, along with the Company's earnings press release, financial information, and slide presentation. Following the call, a replay will be available at the same website. About Blend Blend is the infrastructure powering the future of banking. Financial providers— from large ban
Meets Revenue Guidance and Outperforms Operating Loss Target in First Quarter 2024 Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2024 financial results. "Blend continued to grow our customer base and product suite in the first quarter. We welcomed new customers, executed large-scale deployments, including two of the top 10 credit unions in the U.S.*, and grew our pipeline, which now includes two more of the largest financial institutions in the country. "We also added core functionality to our platform, improving key aspects of the mortgage process with an automated Loan Estimate and an updated Spanish language intake form with add
Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Wednesday, May 8, 2024, at 4:30 pm ET to discuss its first quarter 2024 financial results. A press release, with accompanying financial information, will be posted prior to the discussion on the Company's investor website at https://investor.blend.com. A link to the live discussion will be made available on the Company's investor relations website at https://investor.blend.com. A replay will also be made available following the discussion at the same website. About Blend Blend is the infrastructure powering the future of banking. Financial providers— from l
Brian Sheth, Haveli's Chief Investment Officer, to Join Blend's Board Blend Labs, Inc. (NYSE:BLND), ("Blend" or the "Company"), a leading provider of cloud banking services, and Haveli Investments ("Haveli"), a technology-focused private equity firm, today announced a $150 million investment in the Company by Haveli Investments in the form of convertible preferred stock with a zero percent coupon. Blend will use approximately $145 million of the proceeds to repay all amounts payable under its existing credit agreement, and the remainder for general corporate purposes. This investment further strengthens Blend's financial position and balance sheet for long-term growth and value creation.
Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Thursday, March 14, 2024, at 4:30 pm ET to discuss its fourth quarter and full year 2023 financial results. A press release, with accompanying financial information, will be posted prior to the discussion on the Company's investor website at https://investor.blend.com. A link to the live discussion will be made available on the Company's investor relations website at https://investor.blend.com. A replay will also be made available following the discussion at the same website. About Blend Blend is the infrastructure powering the future of banking. Financial
Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Tuesday, November 7, 2023, at 4:30 pm ET to discuss its third quarter 2023 financial results. A press release, with accompanying financial information, will be posted prior to the discussion on the Company's investor website at https://investor.blend.com. A link to the live discussion will be made available on the Company's investor relations website at https://investor.blend.com. A replay will also be made available following the discussion at the same website. About Blend Blend is the infrastructure powering the future of banking. Financial providers— fro
Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Wednesday, August 9, 2023, at 4:30 pm ET to discuss its second quarter 2023 financial results. A press release, with accompanying financial information, will be posted prior to the discussion on the Company's investor website at https://investor.blend.com. A link to the live discussion will be made available on the Company's investor relations website at https://investor.blend.com. A replay will also be made available following the discussion at the same website. About Blend Blend is the infrastructure powering the future of banking. Financial providers — f