Opera Limited Sponsored ADR (NASDAQ:OPRA) Given Consensus Rating of “Moderate Buy” by Analysts

Opera Limited Sponsored ADR (NASDAQ:OPRA) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $23.8333.

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Opera in a report on Thursday, November 13th. Zacks Research upgraded Opera from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Wall Street Zen lowered shares of Opera from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd.

Opera Price Performance

NASDAQ:OPRA opened at $12.89 on Friday. The business’s fifty day moving average price is $16.54 and its 200 day moving average price is $17.33. The firm has a market capitalization of $1.15 billion, a PE ratio of 14.32 and a beta of 1.08. Opera has a 12 month low of $12.78 and a 12 month high of $22.50.

Opera (NASDAQ:OPRA) last posted its earnings results on Tuesday, August 19th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Opera had a return on equity of 8.91% and a net margin of 13.93%.The firm had revenue of $142.96 million for the quarter, compared to analyst estimates of $137.44 million. During the same quarter last year, the firm posted $0.44 EPS. As a group, equities analysts anticipate that Opera will post 0.81 EPS for the current year.

Institutional Trading of Opera

Several institutional investors have recently added to or reduced their stakes in the stock. Maxi Investments CY Ltd increased its holdings in shares of Opera by 270.5% in the 1st quarter. Maxi Investments CY Ltd now owns 128,309 shares of the company’s stock worth $2,045,000 after acquiring an additional 93,682 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of Opera by 14.4% during the first quarter. Driehaus Capital Management LLC now owns 642,965 shares of the company’s stock valued at $10,249,000 after purchasing an additional 80,866 shares during the last quarter. Harvey Capital Management Inc. lifted its stake in Opera by 171.8% during the third quarter. Harvey Capital Management Inc. now owns 100,025 shares of the company’s stock valued at $2,065,000 after buying an additional 63,225 shares in the last quarter. Credit Agricole S A boosted its stake in Opera by 29.0% in the 1st quarter. Credit Agricole S A now owns 231,523 shares of the company’s stock worth $3,690,000 after purchasing an additional 52,020 shares during the period. Finally, Inspire Investing LLC purchased a new position in shares of Opera during the first quarter valued at $695,000. 10.21% of the stock is owned by institutional investors and hedge funds.

Opera Company Profile

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.