![]() Title365 segment revenue was $31.9 million Within Blend Platform, 2Q22 Consumer Banking & Marketplace revenue of $8.5 million, up by $2.9 million, or 53%, as compared 2Q21, which is led by continued adoption of close and income verification products, as well as growth in home equity volume These steps will best position Blend to enable our financial institution partners to build deeper relationships with their customers at a lower cost, and in turn create long-term value for our shareholders.”Ĭonsolidated revenue of $65.5 million for the quarterĢQ22 Blend Platform segment revenue of $33.6 million, up by $1.5 million, or 5%, as compared to 2Q21, against a 37% decline in mortgage market volume in the same period, as measured by the Mortgage Bankers AssociationĢQ22 Mortgage Banking revenue of $23.9 million, down by $1.5 million, or 6%, as compared to 2Q21 “We are addressing the challenging market conditions by playing to win long-term, taking decisive actions to improve our cost structure and optimizing returns on our innovation investments. “Blend continues to gain market share in mortgage, and we are seeing traction in our consumer banking and marketplace business amid a highly uncertain mortgage banking and economic environment,” said Nima Ghamsari, Head of Blend. (NYSE:BLND), a leader in cloud banking software, today announced its second quarter 2022 financial results. Piper Sandler Adjusts Blend Labs' Price Target to $3.50 From $5.SAN FRANCISCO-( BUSINESS WIRE)-Blend Labs, Inc. UBS Adjusts Blend Labs Price Target to $3 From $5, Maintains Neutral Rating KeyBanc Downgrades Blend Labs to Sector Weight From Overweight, Citing US Housing Market Forecasts, 'Lack of Visibility Into Path to Profitability ' $5 Price Target RemovedĬompass Point Starts Blend Labs at Neutral With $4.20 Price Target Piper Sandler Adjusts Blend Labs' Price Target to $2.50 from $3.50, Keeps Neutral Rating Keefe, Bruyette & Woods Downgrades Blend Labs to Underperform From Market Perform, Lowers Price Target to $2.75 From $4 Goldman Sachs Adjusts Price Target on Blend Labs to $3.25 From $5.25, Keeps Buy RatingĬanaccord Genuity Adjusts Blend Labs' Price Target to $4 From $5, Reiterates Hold Rating Wells Fargo Adjusts Price Target on Blend Labs to $2.50 From $3, Maintains Equal-Weight Rating Keefe Bruyette & Woods Upgrades Blend Labs to Market Perform From Underperform, Price Target is $2.25 ![]() Wells Fargo Adjusts Price Target on Blend Labs to $2 From $2.50, Maintains Equal-Weight RatingĬompass Point Adjusts Blend Labs Price Target to $3 From $4.20, Maintains Neutral RatingĬanaccord Genuity Adjusts Price Target on Blend Labs to $3 From $4, Maintains Hold Rating UBS Adjusts Blend Labs Price Target to $2 From $3, Maintains Neutral Rating Keefe, Bruyette & Woods Adjusts Price Target on Blend Labs to $1.40 From $1.30, Maintains Market Perform Rating Wells Fargo Adjusts Price Target on Blend Labs to $1.50 From $2, Maintains Equalweight RatingĬanaccord Genuity Adjusts Price Target on Blend Labs to $2 From $3, Maintains Hold Rating Piper Sandler Adjusts Price Target on Blend Labs to $1.30 From $2.40, Keeps Neutral Rating Goldman Sachs Adjusts Price Target on Blend Labs to $1.50 From $2.50, Maintains Buy Rating UBS Adjusts Blend Labs Price Target to $1 From $2, Maintains Neutral Rating Goldman Sachs Adjusts Price Target on Blend Labs to $1.30 From $1.50, Maintains Buy Rating Wells Fargo Adjusts Price Target on Blend Labs to $1.50 From $1, Maintains Equal-Weight Rating ![]() Goldman Sachs Adjusts Price Target on Blend Labs to $1.40 From $1.30, Maintains Buy Rating Goldman Sachs Adjusts Price Target on Blend Labs to $1.60 From $1.40, Maintains Buy Rating
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