Huntleigh Advisors Inc. Grows Stock Position in Blend Labs, Inc. $BLND

Huntleigh Advisors Inc. lifted its stake in Blend Labs, Inc. (NYSE:BLND) by 5.7% in the second quarter, HoldingsChannel reports. The firm owned 162,565 shares of the company’s stock after acquiring an additional 8,830 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Blend Labs were worth $536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arizona State Retirement System boosted its holdings in Blend Labs by 6.1% in the first quarter. Arizona State Retirement System now owns 61,485 shares of the company’s stock valued at $206,000 after purchasing an additional 3,559 shares during the period. Deutsche Bank AG raised its stake in Blend Labs by 0.5% in the first quarter. Deutsche Bank AG now owns 1,209,057 shares of the company’s stock valued at $4,050,000 after buying an additional 5,546 shares in the last quarter. Quadrant Private Wealth Management LLC raised its stake in Blend Labs by 7.8% in the first quarter. Quadrant Private Wealth Management LLC now owns 81,801 shares of the company’s stock valued at $274,000 after buying an additional 5,892 shares in the last quarter. Mackenzie Financial Corp raised its stake in Blend Labs by 18.4% in the first quarter. Mackenzie Financial Corp now owns 41,511 shares of the company’s stock valued at $139,000 after buying an additional 6,444 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in Blend Labs by 47.5% in the second quarter. Pallas Capital Advisors LLC now owns 22,328 shares of the company’s stock valued at $74,000 after buying an additional 7,194 shares in the last quarter. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Nima Ghamsari sold 311,886 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $2.90, for a total value of $904,469.40. Following the transaction, the insider owned 5,754,051 shares in the company, valued at $16,686,747.90. The trade was a 5.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian Kneafsey sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $3.34, for a total value of $83,500.00. Following the completion of the transaction, the insider owned 687,909 shares in the company, valued at $2,297,616.06. This trade represents a 3.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 361,886 shares of company stock worth $1,059,719 in the last 90 days. 35.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on BLND shares. Canaccord Genuity Group restated a “buy” rating and issued a $5.25 price target on shares of Blend Labs in a research note on Friday, August 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Blend Labs in a research note on Wednesday, October 8th. Wall Street Zen upgraded Blend Labs from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Keefe, Bruyette & Woods cut their price target on Blend Labs from $4.00 to $3.75 and set a “market perform” rating on the stock in a research note on Friday, August 8th. Finally, UBS Group cut their price target on Blend Labs from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.88.

Blend Labs Stock Performance

BLND opened at $3.32 on Friday. The business’s 50-day simple moving average is $3.58 and its 200-day simple moving average is $3.47. Blend Labs, Inc. has a one year low of $2.63 and a one year high of $5.53. The stock has a market capitalization of $860.77 million, a P/E ratio of -22.10 and a beta of 1.24.

Blend Labs (NYSE:BLND) last posted its earnings results on Thursday, August 7th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The firm had revenue of $31.52 million during the quarter, compared to analyst estimates of $31.93 million. Blend Labs has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Blend Labs, Inc. will post -0.19 EPS for the current fiscal year.

About Blend Labs

Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty.