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 |
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4 - Blend Labs, Inc. (0001855747) (Issuer)
4 - Blend Labs, Inc. (0001855747) (Issuer)
4 - Blend Labs, Inc. (0001855747) (Issuer)
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
4 - Blend Labs, Inc. (0001855747) (Issuer)
4 - Blend Labs, Inc. (0001855747) (Issuer)
4 - Blend Labs, Inc. (0001855747) (Issuer)
4 - Blend Labs, Inc. (0001855747) (Issuer)
4 - Blend Labs, Inc. (0001855747) (Issuer)
4 - Blend Labs, Inc. (0001855747) (Issuer)
4 - Blend Labs, Inc. (0001855747) (Issuer)
4 - Blend Labs, Inc. (0001855747) (Issuer)
4 - Blend Labs, Inc. (0001855747) (Issuer)
4 - Blend Labs, Inc. (0001855747) (Issuer)
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
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
Partnership to accelerate account funding and promote deposits growth for Blend Deposit Account customers Blend, the leading platform for digital banking solutions, today announced a new partnership with Astra, the pioneer in instant payments-as-a-service, to enhance the digital onboarding experience for consumers looking to quickly and seamlessly fund their new deposit account. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240805329548/en/ For Consumers: A More Frictionless Deposit Account Opening Experience One of the most common challenges preventing consumers from funding their deposit account within a single session is
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
Partnership also delivered significant improvements in member experience, back-end efficiency, and banker training Blend, a leading provider of digital banking technology, is pleased to announce the successful implementation of its Deposit Accounts solution at Langley Federal Credit Union (Langley). Since its launch in March 2024, the credit union has reported significant improvements in new digital account openings, member experience, and back-end efficiency. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240730389475/en/ Streamlining Langley's Digital Deposit Account Solution Langley, one of the top 100 largest credit unio
Technology partnership to enhance customer experience and boost loan officer productivity Horizon Bank, an $8 billion financial institution and division of Horizon Bancorp, Inc. (NASDAQ GS: HBNC), one of the largest independent bank holding companies in the Midwest, today announced a new partnership with Blend (NYSE:BLND), a leading provider of digital banking solutions, to digitally enhance their end-to-end mortgage lending process. "Our goal was to find a technology partner that could enable us to deliver a fast, efficient, and convenient home buying application experience for our customers," said David Pendley, President Retail Mortgage Banking at Horizon Bank. "Blend's advanced auto
Partnership to help credit union members save time and money Blend, 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. Palmetto Citizens chose Blend for their ability to deliver simple, intuitive mortgage solutions that improve member experience and supercharge loan officer productivity. With Blend's technology, all documents can be delivered and signed digitally, enabling instant receipt by third parties, faster funding, and reducing the likelihood of errors. "We're thrilled to partner with Bl
Partnership to streamline member experience, reduce operational costs, and drive account conversions Blend (NYSE:BLND), a leading provider of digital banking solutions, today announced a new partnership with Andrews Federal Credit Union, the 4th largest credit union in Maryland with $2.6 billion in assets, to streamline the deposit account opening experience for their members. With 12 years of experience building leading origination solutions for financial institutions, including over half of the top 10 credit unions in the U.S. by asset size, Blend is uniquely positioned to meet Andrews Federal Credit Union's membership growth goals. "We saw an opportunity to enhance member engagemen
Blend (NYSE:BLND), a leading provider of cloud banking services, today announced its recognition as a representative vendor in the 2024 Gartner Market Guide for Digital Banking Platforms. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701439589/en/Blend Builder Platform Built with agility in mind, Blend's Builder Platform is designed to deliver innovative banking products with speed and scale by leveraging reusable components and best-in-class workflows to create differentiated borrower experiences. We believe this acknowledgment highlights Blend's commitment to driving rapid transformation in the banking sector. According
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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
Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Tuesday, May 9, 2023, at 4:30 pm ET to discuss its first 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 — from la
Blend (NYSE:BLND), a leading provider of cloud banking services, announced today that independent mortgage bank Atlantic Coast Mortgage has recommitted to Blend to streamline its end-to-end mortgage process, from application and disclosures to electronic closings via Blend's hybrid/remote online notarization (RON) products. "One of the things we look for in a technology solution is the ability to provide the customer with the information they need promptly, and an interface and platform that they're able to easily interact with," said Ed Vint, Chief Information Officer at Atlantic Coast Mortgage. "The ability for us to have an easy-to-use technology-focused solution that allows us to deci
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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