Militia Capital Partners LP Acquires New Holdings in Blend Labs, Inc. $BLND

Militia Capital Partners LP bought a new stake in shares of Blend Labs, Inc. (NYSE:BLND) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 550,000 shares of the company’s stock, valued at approximately $1,672,000.

Other large investors have also recently bought and sold shares of the company. Royce & Associates LP increased its stake in Blend Labs by 73.9% during the 3rd quarter. Royce & Associates LP now owns 1,671,240 shares of the company’s stock valued at $6,100,000 after buying an additional 709,989 shares during the period. Tudor Investment Corp ET AL increased its stake in Blend Labs by 81.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,300,087 shares of the company’s stock valued at $4,745,000 after buying an additional 581,622 shares during the period. Mirabella Financial Services LLP increased its stake in Blend Labs by 64.5% during the 3rd quarter. Mirabella Financial Services LLP now owns 2,643,777 shares of the company’s stock valued at $9,650,000 after buying an additional 1,036,777 shares during the period. ShawSpring Partners LLC increased its stake in Blend Labs by 10.4% during the 3rd quarter. ShawSpring Partners LLC now owns 9,840,605 shares of the company’s stock valued at $35,918,000 after buying an additional 929,566 shares during the period. Finally, Cinctive Capital Management LP acquired a new position in Blend Labs during the 3rd quarter valued at about $2,339,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Analyst Upgrades and Downgrades

BLND has been the topic of several recent research reports. Citigroup reaffirmed an “outperform” rating on shares of Blend Labs in a research note on Friday, May 8th. The Goldman Sachs Group set a $3.50 price objective on shares of Blend Labs in a research note on Friday, May 8th. UBS Group lowered their price objective on shares of Blend Labs from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Keefe, Bruyette & Woods lowered their price objective on shares of Blend Labs from $2.25 to $1.90 and set a “market perform” rating on the stock in a research note on Friday, May 8th. Finally, Weiss Ratings cut shares of Blend Labs from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.32.

Blend Labs Price Performance

Blend Labs stock opened at $1.78 on Wednesday. The firm’s 50 day simple moving average is $1.57 and its 200-day simple moving average is $2.11. The company has a market cap of $429.76 million, a P/E ratio of -17.75 and a beta of 1.09. Blend Labs, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $4.49.

About Blend Labs

Blend Labs, Inc operates as a financial technology company that offers a digital consumer banking platform designed to simplify and automate the lending and account opening processes for banks and credit unions. Its cloud-native software enables financial institutions to deliver a more seamless customer experience by consolidating multiple steps—such as application intake, identity verification, document collection and underwriting—into a unified digital workflow. Blend’s platform is built to integrate with existing core banking systems and third-party data providers, allowing clients to accelerate loan origination and deposit account opening while maintaining compliance and security standards.

The company’s product suite includes solutions for mortgage origination, home equity lending, consumer personal lending and deposit account opening.