Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA – Get Free Report) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $21.50.
OPRA has been the subject of several research analyst reports. Zacks Research downgraded shares of Opera from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen lowered Opera from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. TD Cowen reissued a “buy” rating on shares of Opera in a research report on Friday, March 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Opera in a research report on Friday, March 27th.
Get Our Latest Report on Opera
Opera Price Performance
Opera (NASDAQ:OPRA – Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.30 EPS for the quarter. The business had revenue of $176.65 million during the quarter. Opera had a net margin of 17.72% and a return on equity of 8.54%. Equities analysts predict that Opera will post 1.12 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Foster Dykema Cabot & Partners LLC acquired a new stake in Opera during the third quarter valued at $42,000. Parallel Advisors LLC boosted its position in Opera by 459.5% during the first quarter. Parallel Advisors LLC now owns 3,038 shares of the company’s stock valued at $43,000 after purchasing an additional 2,495 shares during the last quarter. Huntington National Bank boosted its position in Opera by 37.8% during the third quarter. Huntington National Bank now owns 3,305 shares of the company’s stock valued at $68,000 after purchasing an additional 906 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in Opera during the second quarter valued at $83,000. Finally, Ascentis Independent Advisors acquired a new stake in Opera during the first quarter valued at $141,000. 10.21% of the stock is owned by hedge funds and other institutional investors.
About Opera
Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.
Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.
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