Bending Spoons S.p.A.’s (NASDAQ:BSP) Quiet Period To Expire Tomorrow

Bending Spoons’ (NASDAQ:BSP) quiet period will end on Monday, August 10th. Bending Spoons had issued 57,971,015 shares in its IPO on July 1st. The total size of the offering was $1,681,159,435 based on an initial share price of $29.00. During Bending Spoons’ quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company started coverage on Bending Spoons in a research note on Monday, July 27th. They set an “overweight” rating and a $45.00 price objective for the company. Zacks Research upgraded shares of Bending Spoons to a “hold” rating in a report on Tuesday, July 28th. BNP Paribas Exane started coverage on Bending Spoons in a research report on Monday, July 27th. They issued an “outperform” rating and a $40.00 target price on the stock. Evercore started coverage on shares of Bending Spoons in a research report on Monday, July 27th. They set a “hold” rating and a $36.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Bending Spoons in a research note on Monday, July 27th. They set a “neutral” rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.40.

Bending Spoons Price Performance

Shares of NASDAQ BSP opened at $44.45 on Friday. Bending Spoons has a one year low of $30.11 and a one year high of $48.25.

Bending Spoons (NASDAQ:BSP) last issued its quarterly earnings data on Monday, June 8th. The company reported $0.32 earnings per share for the quarter. The business had revenue of $601.32 million during the quarter. Equities analysts predict that Bending Spoons will post 1.27 earnings per share 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.