Bending Spoons (NASDAQ:BSP) Shares Gap Up – What’s Next?

Bending Spoons S.p.A. (NASDAQ:BSP) shares gapped up prior to trading on Wednesday. The stock had previously closed at $37.86, but opened at $50.29. Bending Spoons shares last traded at $51.6420, with a volume of 4,928,452 shares trading hands.

Analysts Set New Price Targets

Several brokerages have issued reports on BSP. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $47.00 price target on shares of Bending Spoons in a report on Friday, August 14th. JPMorgan Chase & Co. upped their price target on shares of Bending Spoons from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. UBS Group set a $36.00 price target on shares of Bending Spoons in a report on Tuesday, September 29th. Zacks Research upgraded Bending Spoons to a “hold” rating in a research note on Tuesday, July 28th. Finally, BNP Paribas Exane assumed coverage on Bending Spoons in a report on Monday, July 27th. They set an “outperform” rating and a $40.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $44.00.

Bending Spoons Stock Performance

The company has a market capitalization of $31.65 billion and a P/E ratio of 68.65. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a fifty day simple moving average of $39.51.

Bending Spoons (NASDAQ:BSP) last announced its quarterly earnings data 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 firm had revenue of $704.15 million during the quarter. The company’s revenue was up 126.3% compared to the same quarter last year. On average, sell-side analysts forecast that Bending Spoons S.p.A. will post 1.36 EPS 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.