Is Blend Labs Inc (NYSE: BLND) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

Stocks Info

BLND belongs to the Technology sector of the NYSE while operating in the Software – Application industry. The current market capitalization of Blend Labs Inc is $921.35M. A total of 2.55 million shares were traded on the day, compared to an average of 3.06M shares.

In the most recent transaction, Kneafsey Brian sold 30,000 shares of BLND for 3.41 per share on Jan 14 ’25. After the transaction, the Head of Revenue now owns 836,759 company shares. In a previous transaction on Jan 14 ’25, Kneafsey Brian bought 30,000 shares at 3.41 per share.

Among the insiders who sold shares, Ling Winnie disposed of 15,000 shares on Jan 07 ’25 at a per-share price of $3.74. This resulted in the HEAD OF LEGAL AND PEOPLE holding 328,781 shares of BLND after the transaction. In another insider transaction, Kneafsey Brian sold 30,000 shares at $3.73 per share on Jan 07 ’25. Company shares held by the Head of Revenue now total 866,759.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, BLND has a high of $5.53 and a low of $2.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BLND’s latest balance sheet shows that the firm has $547.23M in Cash & Short Term Investments as of fiscal 2021. There were $232.31M in debt and $60.03M in liabilities at the time. Its Book Value Per Share was -$0.19, while its Total Shareholder’s Equity was $810.59M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BLND is Buy with a score of 4.43.

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