Bending Spoons S.p.A.’s Quiet Period Will End on August 10th (NASDAQ:BSP)

Bending Spoons’ (NASDAQ:BSP) quiet period is set to expire on Monday, August 10th. Bending Spoons had issued 57,971,015 shares in its public offering on July 1st. The total size of the offering was $1,681,159,435 based on an initial share price of $29.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration 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 Ratings Changes

A number of brokerages have recently issued reports on BSP. JPMorgan Chase & Co. started coverage on Bending Spoons in a research report on Monday, July 27th. They set a “neutral” rating and a $35.00 target price on the stock. Jefferies Financial Group set a $38.00 price target on shares of Bending Spoons and gave the stock a “hold” rating in a report on Sunday, July 26th. Wells Fargo & Company assumed coverage on shares of Bending Spoons in a research report on Monday, July 27th. They set an “overweight” rating and a $45.00 price objective for the company. Benchmark started coverage on shares of Bending Spoons in a research report on Monday, July 27th. They set a “buy” rating and a $45.00 price objective for the company. Finally, Zacks Research raised shares of Bending Spoons to a “hold” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Bending Spoons presently has an average rating of “Moderate Buy” and an average target price of $40.40.

Bending Spoons Trading Up 3.4%

BSP stock opened at $37.45 on Wednesday. Bending Spoons has a 12-month low of $30.11 and a 12-month high of $43.98.

Bending Spoons (NASDAQ:BSP) last announced its earnings results on Monday, June 8th. The company reported $0.32 EPS for the quarter. The firm had revenue of $601.32 million for the quarter.

Bending Spoons S.p.A. is a technology company in the Application Software industry.