Stock Traders Buy High Volume of Put Options on Bending Spoons (NASDAQ:BSP)

Bending Spoons S.p.A. (NASDAQ:BSPGet Free Report) was the recipient of unusually large options trading on Friday. Investors purchased 3,342 put options on the stock. This is an increase of 155% compared to the typical volume of 1,313 put options.

Bending Spoons Trading Down 4.4%

BSP traded down $1.85 during trading on Friday, reaching $39.84. 183,942 shares of the stock traded hands, compared to its average volume of 2,264,933. Bending Spoons has a fifty-two week low of $30.11 and a fifty-two week high of $58.94. The firm’s 50-day moving average price is $38.52.

Bending Spoons (NASDAQ:BSPGet Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.46 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 quarterly revenue was up 126.3% on a year-over-year basis. As a group, sell-side analysts forecast that Bending Spoons will post 1.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Bending Spoons to a “hold” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. upped their target price on Bending Spoons from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, August 14th. BNP Paribas Exane initiated coverage on shares of Bending Spoons in a research report on Monday, July 27th. They issued an “outperform” rating and a $40.00 price target for the company. Wells Fargo & Company raised their price target on shares of Bending Spoons from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Mizuho set a $72.00 price objective on shares of Bending Spoons in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Bending Spoons presently has a consensus rating of “Moderate Buy” and an average price target of $45.10.

Read Our Latest Stock Report on Bending Spoons

About Bending Spoons

(Get Free Report)

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.

Further Reading

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