Opera Limited (NASDAQ:OPRA) Given Consensus Rating of "Buy" by Brokerages

Shares of Opera Limited (NASDAQ:OPRA - Get Free Report) have been assigned an average recommendation of "Buy" from the five analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have covered the stock in the last year is $24.90.

A number of brokerages recently issued reports on OPRA. Lake Street Capital boosted their price objective on shares of Opera from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. The Goldman Sachs Group decreased their price target on shares of Opera from $26.00 to $22.50 and set a "buy" rating for the company in a report on Monday, April 14th. Piper Sandler began coverage on Opera in a report on Wednesday, February 5th. They set an "overweight" rating and a $25.00 target price on the stock. Finally, Wall Street Zen raised Opera from a "hold" rating to a "buy" rating in a research note on Saturday.

Opera Trading Up 2.9%

Shares of OPRA stock traded up $0.50 during trading hours on Friday, reaching $17.87. The company had a trading volume of 323,902 shares, compared to its average volume of 565,880. Opera has a 1-year low of $10.11 and a 1-year high of $22.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 9.07 and a beta of 1.01. The company has a 50 day moving average of $16.41 and a 200 day moving average of $18.04.

Opera (NASDAQ:OPRA - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. The firm had revenue of $142.72 million for 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 business earned $0.34 earnings per share. On average, equities research analysts anticipate that Opera will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Opera

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPRA. US Bancorp DE raised its stake in shares of Opera by 2,065.1% in the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $26,000 after purchasing an additional 1,301 shares during the period. Jones Financial Companies Lllp raised its position in Opera by 74.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock valued at $30,000 after buying an additional 674 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Opera by 229.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock valued at $42,000 after acquiring an additional 1,548 shares in the last quarter. Calton & Associates Inc. bought a new stake in Opera in the 1st quarter valued at approximately $51,000. Finally, Point72 Hong Kong Ltd boosted its position in Opera by 457.1% during the 4th quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company's stock worth $74,000 after acquiring an additional 3,200 shares during the last quarter. 10.21% of the stock is owned by institutional investors and hedge funds.

Opera Company Profile

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.