Opera Ltd (NASDAQ:OPRA) has earned an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price target of $17.33 for the company and are expecting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also given Opera an industry rank of 84 out of 255 based on the ratings given to related companies.
A number of equities research analysts have commented on OPRA shares. B. Riley set a $19.00 target price on shares of Opera and gave the stock a “buy” rating in a research report on Friday, August 23rd. Citigroup set a $14.00 target price on shares of Opera and gave the stock a “buy” rating in a research report on Friday, August 23rd. ValuEngine raised shares of Opera from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Lake Street Capital started coverage on shares of Opera in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $19.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Opera from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th.
OPRA traded up $0.10 on Friday, hitting $9.16. The company had a trading volume of 88,000 shares, compared to its average volume of 171,371. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.97 and a quick ratio of 4.97. Opera has a 52-week low of $5.31 and a 52-week high of $14.94. The firm has a market capitalization of $996.30 million, a P/E ratio of 22.90 and a beta of 1.89. The stock has a fifty day simple moving average of $10.05 and a 200-day simple moving average of $10.62.
Opera (NASDAQ:OPRA) last posted its earnings results on Thursday, August 22nd. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Opera had a net margin of 14.40% and a return on equity of 4.49%. The business had revenue of $61.73 million during the quarter, compared to the consensus estimate of $55.65 million. Equities research analysts expect that Opera will post 0.26 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Cim LLC boosted its stake in shares of Opera by 25.7% during the 3rd quarter. Cim LLC now owns 16,485 shares of the company’s stock worth $166,000 after acquiring an additional 3,370 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Opera during the 2nd quarter worth $496,000. Trustcore Financial Services LLC purchased a new position in shares of Opera during the 3rd quarter worth $115,000. Genesis Investment Management LLP purchased a new position in shares of Opera during the 3rd quarter worth $50,842,000. Finally, Henry James International Management Inc. purchased a new position in shares of Opera during the 3rd quarter worth $181,000. 4.51% of the stock is owned by institutional investors and hedge funds.
Opera Limited, through its subsidiaries, provides mobile and PC web browsers in Ireland, Russia, and internationally. It offers mobile browser products under the Opera Mini, Opera for Android, and Opera Touch names; PC browser under the Opera for Computers name; Opera News, a personalized news aggregation app; and Okash, a microfinance app.
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