Bending Spoons’ (NASDAQ:BSP – Get Free Report) quiet period will expire on Monday, August 10th. Bending Spoons had issued 57,971,015 shares in its IPO on July 1st. The total size of the offering was $1,681,159,435 based on an initial share price of $29.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Benchmark began coverage on shares of Bending Spoons in a research report on Monday, July 27th. They set a “buy” rating and a $45.00 price objective for the company. Wells Fargo & Company started coverage on Bending Spoons in a report on Monday, July 27th. They issued an “overweight” rating and a $45.00 price target on the stock. Sanford C. Bernstein started coverage on Bending Spoons in a research report on Monday, July 27th. They set an “outperform” rating and a $40.00 price objective for the company. Evercore initiated coverage on Bending Spoons in a research note on Monday, July 27th. They set a “hold” rating and a $36.00 price objective for the company. Finally, Bank of America assumed coverage on Bending Spoons in a report on Monday, July 27th. They issued a “neutral” rating and a $37.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.40.
Get Our Latest Research Report on BSP
Bending Spoons Stock Performance
Bending Spoons (NASDAQ:BSP – Get Free Report) last released its quarterly earnings results on Monday, June 8th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $601.32 million for the quarter. Equities analysts predict that Bending Spoons will post 1.27 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.
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