Bending Spoons S.p.A. (NASDAQ:BSP) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Bending Spoons S.p.A. (NASDAQ:BSP) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $44.80.

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Bending Spoons to a “hold” rating in a report on Sunday, July 12th. Benchmark increased their target price on shares of Bending Spoons from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 14th. Bank of America cut shares of Bending Spoons from a “neutral” rating to an “underperform” rating and set a $39.00 target price on the stock. in a research report on Wednesday, August 12th. BNP Paribas Exane assumed coverage on shares of Bending Spoons in a research note on Monday, July 27th. They issued an “outperform” rating and a $40.00 price target for the company. Finally, The Goldman Sachs Group started coverage on shares of Bending Spoons in a research report on Monday, July 27th. They set a “buy” rating and a $43.00 price target for the company.

Bending Spoons Stock Performance

Shares of Bending Spoons stock opened at $46.15 on Friday. Bending Spoons has a 12 month low of $30.11 and a 12 month high of $58.94.

Bending Spoons (NASDAQ:BSP) last released its earnings results on Thursday, August 13th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.19. The firm had revenue of $704.15 million during the quarter. The firm’s quarterly revenue was up 126.3% on a year-over-year basis. As a group, equities research analysts expect 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.