Opera (NASDAQ:OPRA) Given New $22.50 Price Target at The Goldman Sachs Group

Opera (NASDAQ:OPRA) had its price objective cut by research analysts at The Goldman Sachs Group from $26.00 to $22.50 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 51.72% from the company’s previous close.

Separately, Piper Sandler initiated coverage on Opera in a research report on Wednesday, February 5th. They set an “overweight” rating and a $25.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Opera has a consensus rating of “Buy” and an average price target of $24.70.

Opera Price Performance

Opera stock traded down $0.12 during trading hours on Monday, hitting $14.83. The stock had a trading volume of 225,141 shares, compared to its average volume of 577,357. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 7.53 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. Opera has a 1-year low of $10.11 and a 1-year high of $22.50. The stock’s fifty day moving average is $17.94 and its two-hundred day moving average is $17.92.

Institutional Trading of Opera

Several hedge funds and other institutional investors have recently bought and sold shares of OPRA. Handelsbanken Fonder AB boosted its holdings in shares of Opera by 2.8% during the fourth quarter. Handelsbanken Fonder AB now owns 21,900 shares of the company’s stock worth $415,000 after purchasing an additional 600 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Opera by 74.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock worth $30,000 after buying an additional 674 shares during the period. State Street Corp grew its holdings in Opera by 5.1% in the 3rd quarter. State Street Corp now owns 17,129 shares of the company’s stock valued at $265,000 after buying an additional 832 shares during the period. Signaturefd LLC increased its stake in shares of Opera by 26.5% during the 4th quarter. Signaturefd LLC now owns 5,406 shares of the company’s stock valued at $102,000 after acquiring an additional 1,134 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Opera by 14.4% in the third quarter. National Bank of Canada FI now owns 9,333 shares of the company’s stock worth $144,000 after acquiring an additional 1,175 shares during the last quarter. 10.21% of the stock is owned by hedge funds and other institutional investors.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.