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

Bending Spoons S.p.A. (NASDAQ:BSP) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts 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. Jefferies Financial Group set a $38.00 price objective on shares of Bending Spoons and gave the stock a “hold” rating in a report on Sunday, July 26th. Bank of America cut Bending Spoons from a “neutral” rating to an “underperform” rating and set a $39.00 price objective on the stock. in a research note on Wednesday, August 12th. Sanford C. Bernstein reissued an “outperform” rating and issued a $47.00 target price on shares of Bending Spoons in a report on Friday, August 14th. JPMorgan Chase & Co. upped their price target on shares of Bending Spoons from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Finally, Zacks Research upgraded Bending Spoons to a “hold” rating in a research report on Tuesday, July 28th.

Bending Spoons Price Performance

BSP opened at $41.05 on Tuesday. Bending Spoons has a 12 month low of $30.11 and a 12 month high of $58.94. The company has a 50-day simple moving average of $38.68.

Bending Spoons (NASDAQ:BSP) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.27 by $0.19. The firm had revenue of $704.15 million for the quarter. The firm’s revenue for the quarter was up 126.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Bending Spoons will post 1.4 EPS for the current fiscal 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.