Opera Limited (NASDAQ:OPRA) Receives $24.90 Consensus PT from Analysts

Opera Limited (NASDAQ:OPRA - Get Free Report) has been given a consensus rating of "Buy" by the five brokerages that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $24.90.

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Opera from $26.00 to $22.50 and set a "buy" rating for the company in a report on Monday, April 14th. Lake Street Capital raised their price objective on Opera from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Piper Sandler assumed coverage on Opera in a report on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 price objective for the company. Finally, Wall Street Zen upgraded Opera from a "hold" rating to a "buy" rating in a report on Saturday, May 24th.

Opera Stock Down 0.6%

OPRA stock traded down $0.11 during trading hours on Friday, reaching $18.05. 470,860 shares of the stock were exchanged, compared to its average volume of 562,757. The firm's 50-day moving average is $16.41 and its 200-day moving average is $18.04. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 9.16 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. Opera has a 12 month low of $10.11 and a 12 month high of $22.50.

Opera (NASDAQ:OPRA - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $142.72 million during the quarter, compared to analysts' expectations of $132.48 million. Opera had a return on equity of 19.22% and a net margin of 39.22%. During the same quarter last year, the company earned $0.34 EPS. On average, equities research analysts expect that Opera will post 0.81 earnings per share for the current year.

Institutional Investors Weigh In On Opera

Several hedge funds have recently bought and sold shares of the company. Caxton Associates LLP acquired a new stake in Opera in the 1st quarter valued at about $270,000. Goldman Sachs Group Inc. lifted its stake in Opera by 24.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 153,906 shares of the company's stock valued at $2,453,000 after purchasing an additional 30,662 shares during the last quarter. American Trust Investment Advisors LLC lifted its stake in Opera by 0.9% in the 1st quarter. American Trust Investment Advisors LLC now owns 181,560 shares of the company's stock valued at $2,894,000 after purchasing an additional 1,683 shares during the last quarter. Caption Management LLC acquired a new stake in Opera during the first quarter worth approximately $147,000. Finally, Calton & Associates Inc. acquired a new stake in Opera during the first quarter worth approximately $210,000. 10.21% of the stock is currently owned by institutional investors and hedge funds.

About Opera

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.