Bending Spoons S.p.A. (NASDAQ:BSP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Bending Spoons S.p.A. (NASDAQ:BSP) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.10.

BSP has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Bending Spoons from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Bank of America lowered shares of Bending Spoons from a “neutral” rating to an “underperform” rating and set a $39.00 price objective for the company. in a research note on Wednesday, August 12th. Sanford C. Bernstein reissued an “outperform” rating and set a $47.00 target price on shares of Bending Spoons in a research report on Friday, August 14th. Mizuho set a $72.00 target price on Bending Spoons in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their target price on Bending Spoons from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, August 14th.

Bending Spoons Trading Up 1.9%

Shares of Bending Spoons stock opened at $38.81 on Tuesday. The stock’s fifty day moving average is $39.16. Bending Spoons has a 12-month low of $30.11 and a 12-month high of $58.94. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.25.

Bending Spoons (NASDAQ:BSP) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.19. The firm had revenue of $704.15 million for the quarter. The company’s quarterly revenue was up 126.3% compared to the same quarter last year. On average, research analysts anticipate that Bending Spoons will post 1.4 earnings per share for the current year.

About Bending Spoons

Bending Spoons S.p.A. is a technology company. It acquires digital businesses, implements deep transformations and ongoing optimizations to sustainably expand earnings and reinvests in additional acquisitions, thereby continuing the compounding cycle. Bending Spoons S.p.A. is based in MILAN.