Opera (NASDAQ:OPRA) Rating Lowered to Strong Sell at ValuEngine

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Opera (NASDAQ:OPRA) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Friday, ValuEngine reports.

Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Opera from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Lake Street Capital began coverage on shares of Opera in a research report on Wednesday, October 2nd. They set a “buy” rating and a $19.00 target price for the company. B. Riley reiterated a “buy” rating and issued a $20.00 price target on shares of Opera in a research report on Friday. Finally, Citigroup set a $14.00 price target on shares of Opera and gave the stock a “buy” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.00.

NASDAQ OPRA traded down $0.36 during trading hours on Friday, hitting $11.00. 784,400 shares of the company’s stock traded hands, compared to its average volume of 185,825. The business’s fifty day moving average price is $10.00 and its two-hundred day moving average price is $10.65. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.01 billion, a P/E ratio of 27.50 and a beta of 1.89. Opera has a 52 week low of $5.31 and a 52 week high of $14.94.

Opera (NASDAQ:OPRA) last announced its earnings results on Thursday, November 14th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.21. The company had revenue of $93.68 million during the quarter, compared to analyst estimates of $80.13 million. Opera had a net margin of 14.40% and a return on equity of 4.49%. On average, sell-side analysts expect that Opera will post 0.26 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cim LLC boosted its position in shares of Opera by 25.7% in the third quarter. Cim LLC now owns 16,485 shares of the company’s stock worth $166,000 after purchasing an additional 3,370 shares during the period. A.R.T. Advisors LLC bought a new position in shares of Opera in the second quarter worth approximately $118,000. Trustcore Financial Services LLC bought a new position in shares of Opera in the third quarter worth approximately $115,000. Henry James International Management Inc. bought a new position in shares of Opera in the third quarter worth approximately $181,000. Finally, CSat Investment Advisory L.P. boosted its position in shares of Opera by 12.8% in the second quarter. CSat Investment Advisory L.P. now owns 308,245 shares of the company’s stock worth $3,218,000 after purchasing an additional 35,056 shares during the period. Institutional investors and hedge funds own 9.05% of the company’s stock.

Opera Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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