Opera Limited Sponsored ADR (NASDAQ:OPRA) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Opera has a consensus “Moderate Buy” rating from five analysts: three recommend buying the stock and two recommend holding it. The average 12-month price target is $24.75.
• Recent analyst actions were mixed: Wall Street Zen downgraded Opera to “hold,” Weiss Ratings reaffirmed its “hold” rating, while B. Riley raised its price target to $28 and maintained a “buy” rating.
• Opera shares opened at $14.81, with a $1.32 billion market capitalization and a 52-week range of $11.71 to $20.78. Institutional investors own approximately 10.21% of the stock.

Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $24.75.

OPRA has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Opera from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Opera in a research note on Friday, October 2nd. Finally, B. Riley Financial raised their price objective on shares of Opera from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, August 20th.

Opera Stock Performance

OPRA opened at $14.81 on Tuesday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 10.65 and a beta of 1.28. The firm's 50-day simple moving average is $17.96 and its 200-day simple moving average is $17.03. Opera has a twelve month low of $11.71 and a twelve month high of $20.78.

Institutional Investors Weigh In On Opera

A number of large investors have recently bought and sold shares of OPRA. Kestra Advisory Services LLC raised its position in Opera by 3.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 127,307 shares of the company's stock valued at $2,243,000 after purchasing an additional 4,373 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Opera by 14.5% during the third quarter. Signaturefd LLC now owns 6,445 shares of the company's stock worth $114,000 after purchasing an additional 814 shares during the last quarter. Vest Financial LLC bought a new stake in shares of Opera during the third quarter worth $253,000. Juncture Wealth Strategies LLC increased its stake in shares of Opera by 25.5% in the third quarter. Juncture Wealth Strategies LLC now owns 32,476 shares of the company's stock valued at $572,000 after buying an additional 6,597 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of Opera in the second quarter valued at $211,000. 10.21% of the stock is currently owned by institutional investors.

Opera Company Profile

Opera Limited NASDAQ: OPRA is a technology company that develops web browsers and related digital services for desktop and mobile users. Its products are designed to provide fast, customizable and feature-rich internet access, with tools such as ad blocking, private browsing, data savings, integrated messaging and personalized content.

The company's product portfolio includes the Opera browser for computers and smartphones, Opera Mini, a data-efficient mobile browser, and Opera GX, a browser designed for gamers.

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