Blend Labs (BLND)

• Market cap: $824M
• 1 day: 2.90%
• 5 days: 11.54%
• 1 month: -19.85%
• 3 months: -37.33%
• 6 months: -5.62%
• Year to date: -16.93%
• 1 year: 9.62%
• 5 years: -84.74%
• 10 years: -84.74%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

About: Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services firms and consumers. It supports and simplifies applications for mortgages, consumer loans, and deposit accounts. Its operating segments are; Blend Platform segment which comprises a suite of products that power the entire origination process from back-end workflows to consumer experience, and the Title segment enables customers to streamline the title, settlement, and closing process at scale for mortgages, home equity lines of credit, and home equity loans. The majority of the revenue for the company is generated from the Blend Platform segment.

Employees: 881

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

218% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 17

129% more call options, than puts

Call options by funds: $4.77M | Put options by funds: $2.08M

77% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 39

23% more capital invested

Capital invested by funds: $547M [Q3] → $671M (+$124M) [Q4]

19% more funds holding

Funds holding: 165 [Q3] → 197 (+32) [Q4]

4.71% more ownership

Funds ownership: 58.48% [Q3] → 63.19% (+4.71%) [Q4]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q3] → 4 (-1) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $3.50 10% upside
• Avg. target: $4.81 51% upside
• High target: $7 119% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Keefe, Bruyette & Woods Ryan Tomasello 50% 1-year accuracy 5 / 10 met price target	10% upside $3.50	Market Perform Maintained	3 Mar 2025
Canaccord Genuity Joseph Vafi 33% 1-year accuracy 28 / 85 met price target	65% upside $5.25	Buy Maintained	28 Feb 2025
UBS Karl Keirstead 33% 1-year accuracy 5 / 15 met price target	10% upside $3.50	Neutral Maintained	28 Feb 2025
JMP Securities Aaron Kimson 50% 1-year accuracy 7 / 14 met price target	119% upside $7	Market Outperform Initiated	18 Dec 2024