Bending Spoons S.p.A. (NASDAQ:BSP) Receives Consensus 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 analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $44.80.

BSP has been the subject of several analyst reports. Jefferies Financial Group set a $38.00 price target on shares of Bending Spoons and gave the company a “hold” rating in a report on Sunday, July 26th. BNP Paribas Exane began coverage on shares of Bending Spoons in a report on Monday, July 27th. They set an “outperform” rating and a $40.00 price objective for the company. Wells Fargo & Company started coverage on shares of Bending Spoons in a research note on Monday, July 27th. They issued an “overweight” rating and a $45.00 target price for the company. Zacks Research raised Bending Spoons to a “hold” rating in a report on Tuesday, July 28th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $47.00 price target on shares of Bending Spoons in a research report on Friday, August 14th.

Bending Spoons Stock Performance

Bending Spoons stock opened at $39.93 on Friday. Bending Spoons has a 52-week low of $30.11 and a 52-week high of $58.94.

Bending Spoons (NASDAQ:BSP) last issued its 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 firm had revenue of $704.15 million during the quarter. The business’s quarterly revenue was up 126.3% on a year-over-year basis. Equities research analysts forecast that Bending Spoons will post 1.4 EPS for the current 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.