Brokerages Set Opera Limited Sponsored ADR (NASDAQ:OPRA) Target Price at $24.90

Key Points

• Opera Limited Sponsored ADR has received an average recommendation of "Buy" from six research firms, with a one-year target price of $24.90.
• Despite a recent downgrade from Wall Street Zen to a "hold" rating, the firm reported earnings of $0.26 per share, slightly missing estimates but exceeding revenue expectations of $142.96 million.
• Opera announced a semi-annual dividend of $0.40 per share, yielding an impressive 410.0%, with a dividend payout ratio of 87.64%.

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report) have been given a consensus recommendation of "Buy" by the six research firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is $24.90.

A number of research analysts have recently commented on OPRA shares. Wall Street Zen lowered Opera from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Wedbush reissued an "outperform" rating on shares of Opera in a research report on Tuesday, July 8th.

Hedge Funds Weigh In On Opera

Several large investors have recently made changes to their positions in the business. Tidal Investments LLC lifted its position in shares of Opera by 75.6% during the 4th quarter. Tidal Investments LLC now owns 1,176,565 shares of the company's stock worth $22,284,000 after purchasing an additional 506,425 shares during the last quarter. Driehaus Capital Management LLC lifted its position in shares of Opera by 14.4% during the 1st quarter. Driehaus Capital Management LLC now owns 642,965 shares of the company's stock worth $10,249,000 after purchasing an additional 80,866 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Opera by 2.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 406,158 shares of the company's stock worth $6,474,000 after purchasing an additional 8,305 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Opera by 24.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 257,024 shares of the company's stock worth $4,868,000 after buying an additional 51,245 shares in the last quarter. Finally, Credit Agricole S A grew its position in Opera by 29.0% during the first quarter. Credit Agricole S A now owns 231,523 shares of the company's stock worth $3,690,000 after buying an additional 52,020 shares in the last quarter. Institutional investors and hedge funds own 10.21% of the company's stock.

Opera Stock Down 0.1%

Shares of Opera stock traded down $0.02 during trading on Monday, hitting $17.73. 707,082 shares of the stock traded hands, compared to its average volume of 555,615. 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 stock has a market cap of $1.59 billion, a P/E ratio of 19.92 and a beta of 1.03. The company has a fifty day moving average price of $17.36 and a two-hundred day moving average price of $17.37. Opera has a twelve month low of $12.83 and a twelve month high of $22.50.

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

Opera Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 8th were given a dividend of $0.40 per share. This represents a dividend yield of 410.0%. The ex-dividend date of this dividend was Tuesday, July 8th. Opera's payout ratio is currently 87.64%.

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.