Latest news with #BlendLabs
Business Insider
a day ago
- Business
- Business Insider
Wells Fargo Keeps Their Buy Rating on Blend Labs (BLND)
Wells Fargo analyst Michael Turrin maintained a Buy rating on Blend Labs on August 8 and set a price target of $5.00. The company's shares closed last Friday at $2.73. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Turrin is a 2-star analyst with an average return of 0.0% and a 46.35% success rate. Turrin covers the Technology sector, focusing on stocks such as Microsoft, SAP SE, and Intuit. In addition to Wells Fargo, Blend Labs also received a Buy from William Blair's Dylan Becker in a report issued on August 8. However, yesterday, TR | OpenAI – 4o reiterated a Hold rating on Blend Labs (NYSE: BLND). BLND market cap is currently $705.4M and has a P/E ratio of -17.39. Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLND in relation to earlier this year.
Business Wire
4 days ago
- Business
- Business Wire
Blend Announces Finance Leadership Transition
SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leading digital origination platform for banks, credit unions, and mortgage lenders, today announced that Jason Ream, an experienced strategic financial leader, will join as the Company's Head of Finance and Administration by August 8, 2025. Jason Ream has over 25 years of experience as a financial and operating leader in technology and software. Jason previously served as the CFO of two public companies, SailPoint Technologies Holdings, Inc. and SolarWinds Corporation, as well as two private companies, Mitratech Holdings Inc. and Relativity ODA LLC. Prior to joining Blend he was a Senior Managing Director at Haveli Investments. 'I'm honored to join Blend at such a pivotal moment in its growth and profitability journey,' shared Jason Ream. 'I've long admired Blend's impact on the banking and lending ecosystem, and I'm committed to helping drive sustainable growth, operational discipline, and long-term value for our customers and stakeholders.' Nima Ghamsari, Co-founder and Head of Blend, commented, 'We're thrilled to have Jason join us. His experience leading and scaling great software companies aligns closely with where we're headed. As we continue evolving Blend into a durable, long-term platform partner for the industry, Jason's leadership will be a key part of that journey.' Amir Jafari, Head of Finance and Administration, will depart the Company as part of a mutually agreed transition. Mr. Jafari will stay on for a transition period to ensure continuity. Mr. Ghamsari added, "I want to thank Amir for his contributions. He took on the hard work of navigating the company through a challenging period and has set us on the path towards a brighter future. We wish him great success in his future endeavors.' About Blend Blend Labs Inc., (NYSE: BLND) is a leading digital origination platform for banks, credit unions, and mortgage lenders. From mortgages to consumer loans to deposit accounts, Blend helps financial institutions streamline workflows, launch faster, and deliver standout customer experiences. In 2024, Blend's platform powered $1.2 trillion in loan applications. Learn more at
Business Wire
17-07-2025
- Business
- Business Wire
Blend to Announce Second Quarter 2025 Financial Results on August 7, 2025
SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leading digital origination platform, today announced that the Company's second quarter 2025 financial results will be released after market close on Thursday, August 7, 2025. 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 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 Labs, Inc. (NYSE: BLND) is a leading digital origination platform for banks, credit unions, and mortgage lenders. From mortgages to consumer loans to deposit accounts, Blend helps financial institutions streamline workflows, launch faster, and deliver standout customer experiences. In 2024, Blend's platform powered $1.2 trillion in loan applications. Learn more at
Yahoo
30-06-2025
- Business
- Yahoo
Citizens JMP Maintains Market Outperform Rating on Blend Labs (BLND)
Blend Labs, Inc. (NYSE:BLND) is one of the 10 Best Tech Stocks To Buy Under $5. On May 28, Citizens JMP maintained its 'Market Outperform' rating for Blend Labs, Inc. (NYSE:BLND) with a price target of $7. This reiteration follows a series of investor meetings in the San Francisco Bay Area, where analysts had the chance to talk with Amir Jafari, the company's Head of Finance & Administration. These meetings helped investors understand Blend Labs, Inc.'s (NYSE:BLND) operations and financial plans better. A close-up of a person's hand signing a mortgage document. Blend Labs, Inc. (NYSE:BLND) has seen its stock price decline so far this year. However, Citizens JMP analysts see the current valuation as a good opportunity to stay positive about the company's future despite the downward trend. Blend Labs, Inc. (NYSE:BLND) offers digital banking solutions through its cloud origination platform for banks, credit unions, and mortgage lenders. While we acknowledge the potential of BLND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None.
Yahoo
29-06-2025
- Business
- Yahoo
William Blair Sticks with Buy as Blend Labs (BLND) Sharpens SaaS Focus
Blend Labs Inc. (NYSE:BLND) is one of the 10 best debt-free IT penny stocks to buy. On May 28, William Blair analyst Dylan Becker reiterated a Buy rating on Blend Labs (BLND), though he didn't assign a price target to the stock. In Becker's view, the company's recent decision to divest its Title365 business marks an important strategic change. By moving away from the more services-heavy segment, Blend is now better positioned to operate as a focused vertical SaaS company. A customer using the latest mobile banking app, taking control of their financial future. Becker notes that this step should have a positive impact on Blend's financial profile, particularly by improving gross margins and bringing them more in line with those of software-first businesses. More importantly, the move allows management to sharpen its focus on the core business—developing digital tools for banking products like mortgages and consumer loans. With this narrowed focus, Becker expects Blend to strengthen its position in the market over time, particularly as it looks to deliver improved customer experiences in the financial services space. While broader mortgage market remains challenging, he sees potential for the company to unlock improved profitability and generate stronger revenue growth from 2025 onwards. Blend Labs Inc. (NYSE:BLND) offers a cloud-based banking software platform that simplifies and automates consumer banking experiences, including mortgage applications, personal loans, and deposit account openings. While we acknowledge the potential of BLND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
