Bending Spoons S.p.A. (NASDAQ:BSP) Stock Has Average Target Price of $44.00

Shares of Bending Spoons S.p.A. (NASDAQ:BSP) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $44.00.

Several equities research analysts recently commented on BSP shares. Wells Fargo & Company raised their target price on Bending Spoons from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Evercore started coverage on Bending Spoons in a research note on Monday, July 27th. They issued a “hold” rating and a $36.00 price target on the stock. Benchmark increased their price target on Bending Spoons from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 14th. UBS Group set a $36.00 price objective on shares of Bending Spoons in a research report on Tuesday, September 29th. Finally, Wall Street Zen upgraded shares of Bending Spoons to a “hold” rating in a research note on Sunday, July 12th.

Bending Spoons Stock Down 3.6%

Shares of NASDAQ BSP opened at $43.75 on Wednesday. Bending Spoons has a twelve month low of $30.11 and a twelve month high of $59.50. The business’s fifty day moving average price is $40.61. The company has a market capitalization of $26.29 billion and a P/E ratio of 56.09. 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) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.19. The business had revenue of $704.15 million for the quarter. Bending Spoons’s quarterly revenue was up 126.3% compared to the same quarter last year. As a group, equities analysts expect that Bending Spoons will post 1.36 earnings per share for the current fiscal year.

About Bending Spoons

Bending Spoons is a technology company based in Milan, Italy, that develops, operates and acquires digital products. Its portfolio includes consumer and business software applications spanning mobile content creation, productivity, file sharing and other online services.

The company’s products and acquired businesses have included Remini, an artificial-intelligence-powered photo and video enhancement app; Splice, a mobile video-editing application; Evernote, a note-taking and productivity platform; and Meetup, a service that helps people find and build local communities.