Investors Purchase High Volume of Bending Spoons Put Options (NASDAQ:BSP)

Bending Spoons S.p.A. (NASDAQ:BSP) saw unusually large options trading activity on Friday. Traders bought 3,342 put options on the stock. This is an increase of 155% compared to the average daily volume of 1,313 put options.

Analyst Upgrades and Downgrades

BSP has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Bending Spoons from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Wall Street Zen raised shares of Bending Spoons to a “hold” rating in a research note on Sunday, July 12th. BNP Paribas Exane started coverage on shares of Bending Spoons in a report on Monday, July 27th. They issued an “outperform” rating and a $40.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Bending Spoons in a research report on Monday, July 27th. They set a “buy” rating and a $43.00 target price on the stock. Finally, Evercore began coverage on Bending Spoons in a report on Monday, July 27th. They set a “hold” rating and a $36.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.10.

Bending Spoons Stock Performance

Shares of NASDAQ:BSP traded down $1.85 during midday trading on Friday, hitting $39.84. The company’s stock had a trading volume of 183,942 shares, compared to its average volume of 2,264,933. The stock’s 50 day moving average is $38.52. Bending Spoons has a fifty-two week low of $30.11 and a fifty-two week high of $58.94.

Bending Spoons (NASDAQ:BSP) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.19. The business had revenue of $704.15 million during the quarter. The business’s revenue for the quarter was up 126.3% compared to the same quarter last year. As a group, equities analysts predict that Bending Spoons will post 1.4 EPS for the current year.

Bending Spoons Company Profile

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.