Bending Spoons S.p.A. (NASDAQ:BSP) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Bending Spoons S.p.A. (NASDAQ:BSP) have earned an average rating of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $44.00.

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group started coverage on Bending Spoons in a research report on Sunday, July 26th. They set a “hold” rating and a $38.00 target price on the stock. Weiss Ratings assumed coverage on shares of Bending Spoons in a research report on Friday, September 25th. They issued a “sell (d+)” rating for the company. JPMorgan Chase & Co. boosted their price target on shares of Bending Spoons from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. BNP Paribas Exane started coverage on shares of Bending Spoons in a report on Monday, July 27th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on shares of Bending Spoons in a report on Monday, July 27th. They issued a “buy” rating and a $43.00 target price on the stock.

Bending Spoons Stock Performance

BSP stock opened at $43.75 on Wednesday. The business’s 50 day moving average price is $40.61. Bending Spoons has a fifty-two week low of $30.11 and a fifty-two week high of $59.50. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.25. The firm has a market cap of $26.29 billion and a P/E ratio of 56.09.

Bending Spoons (NASDAQ:BSP) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.19. The firm had revenue of $704.15 million during the quarter. The business’s revenue for the quarter was up 126.3% on a year-over-year basis. Equities analysts predict that Bending Spoons will post 1.36 earnings per share for the current year.

About Bending Spoons

Bending Spoons is a technology company based in Milan, Italy, that develops, operates and acquires digital products. Its portfolio includes consumer and business software applications spanning mobile content creation, productivity, file sharing and other online services.

The company’s products and acquired businesses have included Remini, an artificial-intelligence-powered photo and video enhancement app; Splice, a mobile video-editing application; Evernote, a note-taking and productivity platform; and Meetup, a service that helps people find and build local communities.