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 |
|---|---|---|---|
| 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 |
| 4/1/2022 | $11.00 → $5.00 | Overweight → Equal Weight | Wells Fargo |
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
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, Inc. (NYSE:BLND) today announced that Nima Ghamsari, Co-Founder and Head of Blend, will be presenting at the Canaccord Genuity 44th Annual Growth Conference in Boston on Wednesday, August 14, 2024 at 8:00 am ET. A webcast will be available at investor.blend.com and a replay will be available for one year following the conference. About Blend Blend is the infrastructure powering the future of banking. 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 billions of dollars in financial transactions every day. To learn more, visit blend
FNB Mortgage live and actively originating on Blend's platform in under 6 weeks FNB Mortgage, the mortgage division of The First National Bank of Fort Smith, as well as its other bank divisions First National Bank of NWA, National Bank of Sallisaw, and Central National Bank of Poteau, today announced a partnership with Blend, a leading platform for digital banking solutions, to further streamline their mortgage and HELOC application experiences. "Our partnership with Blend furthers our efforts to make the home buying process as easy and efficient as possible for our members," said Ross Mallioux, Director of Mortgage Lending for FNB. "And in today's competitive market, the ability to con
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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
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
Wells Fargo downgraded Blend Labs from Overweight to Equal Weight and set a new price target of $5.00 from $11.00 previously
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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
Partnership to help credit union members save time and moneyBlend, a leading provider of digital banking solutions, today announced a new partnership with Palmetto Citizens, one of South Carolina's largest credit unions with assets of over $1.3 billion, to streamline their mortgage and home equity experiences.
The Dow Jones index closed higher by more than 700 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Alpha Teknova The Trade: Alpha Teknova, Inc. (NASDAQ:TKNO) 10% owner Telegraph Hill Partners Management Company, LLC bought a total of 12,096,773 shares at an average price of $1.24. To acquire these shares, it cost around $15 million. The co
Keefe, Bruyette & Woods analyst Jones William maintains Blend Labs (NYSE:BLND) with a Market Perform and raises the price target from $2.65 to $3.
Canaccord Genuity analyst Joseph Vafi maintains Blend Labs (NYSE:BLND) with a Hold and maintains $3 price target.
Blend's 2Q24 guidance reflects an internally estimated 935,000 - 1,025,000 U.S. aggregate industry mortgage originations in 2Q24. Non-GAAP Net Operating Loss of ($10.5) – ($7.5) million.
Blend Labs (NYSE:BLND) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.07) by 14.29 percent. This is a 60 percent increase over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $34.947 million which beat the analyst consensus estimate of $34.536 million by 1.19 percent. This is a 6.40 percent decrease over sales of $37.336 million the same period last year.
Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) fell sharply during Tuesday's session following mixed first-quarter results. H&E Equipment posted GAAP earnings of 71 cents per share, versus market estimates of 77 cents per share. The company's quarterly sales came in at $371.357 million versus expectations of $352.518 million, according to data from Benzinga Pro. H&E Equipment Services shares dipped 18.2% to $48.45 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Akili, Inc. (NASDAQ:AKLI) shares jumped 67.2% to $0.3927 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to mak