Opera Limited Sponsored ADR (NASDAQ:OPRA) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Opera Limited Sponsored ADR (NASDAQ:OPRA) has received a consensus rating of "Moderate Buy" from seven research firms, with one sell rating and six buy ratings.
• In recent institutional activity, GAMMA Investing LLC increased its stake in Opera by 46.7%, while other firms like Cetera Investment Advisers and BNP Paribas Financial Markets also boosted their holdings.
• In the latest quarterly earnings report, Opera missed analysts' earnings per share estimates, reporting $0.26 instead of the anticipated $0.27, although revenue surpassed estimates at $142.96 million.

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.90.

A number of research firms recently commented on OPRA. Wall Street Zen lowered Opera from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Wedbush reissued an "outperform" rating on shares of Opera in a research note on Tuesday, July 8th. Finally, Zacks Research lowered Opera from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPRA. GAMMA Investing LLC boosted its position in Opera by 46.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,016 shares of the company's stock worth $76,000 after acquiring an additional 1,279 shares during the period. Cetera Investment Advisers boosted its stake in shares of Opera by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 30,116 shares of the company's stock worth $480,000 after acquiring an additional 1,535 shares in the last quarter. Vident Advisory LLC boosted its stake in shares of Opera by 11.0% during the 4th quarter. Vident Advisory LLC now owns 16,056 shares of the company's stock worth $304,000 after acquiring an additional 1,596 shares in the last quarter. American Trust Investment Advisors LLC boosted its stake in Opera by 0.9% during 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 period. Finally, BNP Paribas Financial Markets boosted its stake in Opera by 36.1% during the 4th quarter. BNP Paribas Financial Markets now owns 8,215 shares of the company's stock valued at $156,000 after purchasing an additional 2,181 shares during the period. Institutional investors and hedge funds own 10.21% of the company's stock.

Opera Stock Performance

Shares of Opera stock opened at $18.79 on Friday. The business has a 50-day simple moving average of $17.37 and a 200-day simple moving average of $17.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.43 and a current ratio of 2.43. The company has a market cap of $1.68 billion, a PE ratio of 21.11 and a beta of 1.03. Opera has a one year low of $12.83 and a one year high of $22.50.

Opera (NASDAQ:OPRA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). Opera had a net margin of 14.53% and a return on equity of 8.85%. The business had revenue of $142.96 million during the quarter, compared to analyst estimates of $137.44 million. During the same period last year, the company earned $0.44 earnings per share. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts forecast that Opera will post 0.81 EPS for the current fiscal year.

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.

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