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Blend Labs Inc
NYSE:BLND

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Blend Labs Inc Logo
Blend Labs Inc
NYSE:BLND
Watchlist
Price: 2.735 USD 11.18%
Updated: Mar 1, 2024

Intrinsic Value

Blend Labs, Inc. offers a cloud-based software platform for financial services firms that are designed to power the end-to-end consumer journey for banking products. [ Read More ]

The intrinsic value of one BLND stock under the Base Case scenario is 1.129 USD. Compared to the current market price of 2.735 USD, Blend Labs Inc is Overvalued by 59%.

Key Points:
BLND Intrinsic Value
Base Case
1.129 USD
Overvaluation 59%
Intrinsic Value
Price
Base Case Scenario

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Blend Labs Inc

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Fundamental Analysis

Company Continues Positive Margin Journey
2023-Q3 Earnings Call

Company Continues Positive Margin Journey

In the third quarter, a 27% revenue drop was eclipsed by a gross profit of $22.3 million, up by 3% year-over-year, and a striking improvement in non-GAAP platform gross margin to 71%. The company targets an 80% non-GAAP software gross margin next year and is evolving its professional services model towards a time and materials pricing strategy. Amidst seasonal challenges, they remain dedicated to achieving positive non-GAAP operating profit by Q4 of next year. They're also optimizing operations with a focus on capital stewardship and innovation that's consistent with their objectives through 2024. They continue to foster existing customer successes for revenue growth, especially in the consumer banking suite, anticipating burgeoning opportunities across the origination mortgage sector.

Financials

Balance Sheet Decomposition
Blend Labs Inc

Current Assets 283.2m
Cash & Short-Term Investments 245m
Receivables 20m
Other Current Assets 18.2m
Non-Current Assets 35.2m
PP&E 13.9m
Intangibles 2.1m
Other Non-Current Assets 19.2m
Current Liabilities 36.8m
Accounts Payable 2.1m
Accrued Liabilities 23.2m
Other Current Liabilities 11.5m
Non-Current Liabilities 275.3m
Long-Term Debt 219m
Other Non-Current Liabilities 56.3m
Efficiency
Fundamental Scores

BLND Profitability Score
Profitability Due Diligence

Blend Labs Inc's profitability score is 21/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Negative Revenue Growth Forecast
Negative 1-Year Revenue Growth
Negative Operating Income
21/100
Profitability
Score

Blend Labs Inc's profitability score is 21/100. The higher the profitability score, the more profitable the company is.

BLND Solvency Score
Solvency Due Diligence

Blend Labs Inc's solvency score is 30/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Negative Net Debt
Long-Term Solvency
High D/E
30/100
Solvency
Score

Blend Labs Inc's solvency score is 30/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

BLND Price Targets Summary
Blend Labs Inc

Wall Street analysts forecast BLND stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for BLND is 2.438 USD with a low forecast of 1.616 USD and a high forecast of 3.675 USD.

Lowest
Price Target
1.616 USD
41% Downside
Average
Price Target
2.438 USD
11% Downside
Highest
Price Target
3.675 USD
34% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

BLND Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

BLND Price
Blend Labs Inc

1M 1M
+5%
6M 6M
+140%
1Y 1Y
+82%
3Y 3Y
-87%
5Y 5Y
-87%
10Y 10Y
-87%
Annual Price Range
2.735
52w Low
0.55
52w High
3.1
Price Metrics
Average Annual Return -71.93%
Standard Deviation of Annual Returns 10.58%
Max Drawdown -97%
Shares Statistics
Market Capitalization 678m USD
Shares Outstanding 248 200 000
Percentage of Shares Shorted 4.31%

BLND Return Decomposition
Main factors of price return

What is price return decomposition?

BLND News

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Company Profile

Blend Labs Inc Logo
Blend Labs Inc

Country

United States of America

Industry

Technology

Market Cap

678m USD

Dividend Yield

0%

Description

Blend Labs, Inc. offers a cloud-based software platform for financial services firms that are designed to power the end-to-end consumer journey for banking products. The company is headquartered in San Francisco, California and currently employs 1,689 full-time employees. The company went IPO on 2021-07-16. The firm operates through two segments: Blend Platform and Title365. The Blend Platform segment is a software platform that powers the digital interface between financial services firms and consumers. Title365 segment is an underwritten title insurance agency that is engaged in selling title insurance policies and escrow services throughout the United States. Title365 segment with its software platform enables financial services firms to automate title commitments and streamline communication with consumers and settlement teams. The firm offers products, including mortgages, home equity, vehicle loans, personal loans, credit cards and deposit accounts. The Company’s range of financial providers includes banks, credit unions and financial technology.

Contact

CALIFORNIA
San Francisco
415 Kearny St.
+16505504810.0
https://blend.com/

IPO

2021-07-16

Employees

1 689

Officers

Co-Founder, Chairman, CEO & Head of Blend
Mr. Nima Ghamsari
Co-Founder & Director
Mr. Erin James Collard
Co-Founder
Mr. Rosco Hill
Head of Finance & Administration and Principal Financial Officer
Mr. Amir Jafari
Controller & Principal Accounting Officer
Ms. Oxana Tkach
Investor Relations Lead
Mr. Bryan Michaleski C.F.A.
Show More
Head of Legal & People
Ms. Winnie Ling
Head of Product
Mr. Erik Wrobel
Head of Design
Ms. Aesha Shah
Head of Engineering
Mr. Naveen Ayyagari
Show Less

See Also

Discover More
What is the Intrinsic Value of one BLND stock?

The intrinsic value of one BLND stock under the Base Case scenario is 1.129 USD.

Is BLND stock undervalued or overvalued?

Compared to the current market price of 2.735 USD, Blend Labs Inc is Overvalued by 59%.