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

Key Points

• Analyst consensus is “Hold” for Bending Spoons, with five buys, four holds, two sells and one strong buy among 12 analysts. The average 12-month price target is $44.00.
• Recent analyst targets range from $36 to $43, including buy coverage from Goldman Sachs at $43 and neutral or hold ratings from UBS, Jefferies, JPMorgan and Zacks Research.
• Bending Spoons reported quarterly EPS of $0.46, beating the $0.27 consensus estimate, while revenue reached $704.15 million—up 126.3% year over year. Shares opened at $38.01, with a market capitalization of $22.84 billion.

Bending Spoons S.p.A. (NASDAQ:BSP - Get Free Report) has earned a consensus recommendation of "Hold" from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $44.00.

A number of equities analysts have weighed in on the company. UBS Group set a $36.00 price objective on Bending Spoons in a research note on Tuesday, September 29th. Jefferies Financial Group set a $38.00 target price on Bending Spoons and gave the stock a "hold" rating in a research note on Sunday, July 26th. JPMorgan Chase & Co. lifted their price target on Bending Spoons from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. 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 price target on the stock. Finally, Zacks Research raised shares of Bending Spoons to a "hold" rating in a report on Tuesday, July 28th.

Bending Spoons Price Performance

BSP opened at $38.01 on Friday. The stock has a market cap of $22.84 billion and a price-to-earnings ratio of 48.73. The business has a 50 day simple moving average of $39.48. Bending Spoons has a 1-year low of $30.11 and a 1-year high of $58.94. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.64 and a quick ratio of 0.64.

Bending Spoons (NASDAQ:BSP - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.19. The company had revenue of $704.15 million during the quarter. The firm's revenue for the quarter was up 126.3% compared to the same quarter last year. On average, equities analysts anticipate that Bending Spoons will post 1.36 earnings per share for the current fiscal 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.

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