The average one-year price target for Blend Labs (NYSE:BLND) has been revised to 2.03 / share. This is an increase of 25.16% from the prior estimate of 1.62 dated December 15, 2023.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 1.01 to a high of 3.68 / share. The average price target represents a decrease of 15.78% from the latest reported closing price of 2.41 / share.

What is the Fund Sentiment?

There are 129 funds or institutions reporting positions in Blend Labs. This is a decrease of 24 owner(s) or 15.69% in the last quarter. Average portfolio weight of all funds dedicated to BLND is 0.23%, an increase of 173.73%. Total shares owned by institutions decreased in the last three months by 4.75% to 109,619K shares. The put/call ratio of BLND is 0.14, indicating a bullish outlook.

What are Other Shareholders Doing?

General Atlantic holds 19,132K shares representing 7.71% ownership of the company. No change in the last quarter.

Lightspeed Ultimate General Partner IX holds 14,818K shares representing 5.97% ownership of the company. No change in the last quarter.

EdgePoint Investment Group holds 12,298K shares representing 4.96% ownership of the company. In it's prior filing, the firm reported owning 12,208K shares, representing an increase of 0.73%. The firm increased its portfolio allocation in BLND by 54.88% over the last quarter.

Temasek Holdings holds 11,876K shares representing 4.78% ownership of the company. No change in the last quarter.

Greylock 15 GP holds 10,034K shares representing 4.04% ownership of the company. No change in the last quarter.

Blend Labs Background Information
(This description is provided by the company.)

Blend’s cloud-based software platform is designed to power the end-to-end consumer journey for any banking product from application to close. Its technology is used by Wells Fargo, U.S. Bank, and over 290 other financial services firms to acquire more customers, increase productivity, and deepen relationships. Through its software, Blend enables its customers to process an average of more than $5 billion in loans per day, helping consumers get into homes and gain access to the capital they need to lead better lives.