Bending Spoons S.p.A. (BSP) – What Are Brokerages Thinking About This Stock?

Bending Spoons S.p.A. (NASDAQ:BSP) has received an average rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $44.00.

BSP has been the topic of several research analyst reports. Jefferies Financial Group set a $38.00 price objective on shares of Bending Spoons and gave the company a “hold” rating in a report on Sunday, July 26th. UBS Group set a $36.00 target price on shares of Bending Spoons in a research note on Tuesday, September 29th. Mizuho set a $72.00 price target on shares of Bending Spoons in a research report on Tuesday, August 11th. Evercore initiated coverage on shares of Bending Spoons in a research note on Monday, July 27th. They issued a “hold” rating and a $36.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Bending Spoons from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, August 14th.

Bending Spoons Price Performance

BSP stock opened at $38.01 on Friday. Bending Spoons has a 52-week low of $30.11 and a 52-week high of $58.94. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $22.84 billion and a PE ratio of 48.73. The stock’s fifty day simple moving average is $39.48.

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

Bending Spoons Company Profile

Bending Spoons is a technology company headquartered in Milan, Italy, that develops, operates and acquires digital products. Its portfolio spans mobile applications, software platforms and online services used by consumers, creators, professionals and businesses.

The company’s products have included Remini, an artificial-intelligence-powered photo and video enhancement application; Splice, a mobile video-editing platform; Evernote, a productivity and note-taking service; and Brightcove, a video-hosting and streaming technology provider.