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

Key Points

• Analyst consensus: Six analysts rate Opera a consensus "Buy" (one hold, four buy, one strong buy) with an average 1‑year price target of $22.75.
• Stock & valuation: OPRA opened at $15.22, trading in a 1‑year range of $11.71–$21.06, with a market cap of $1.37B and a P/E of 12.79.
• Recent results: Last quarter EPS was $0.30 on $176.65M revenue (net margin 17.6%), and analysts expect about 0.81 EPS for the current year.

Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report) has received a consensus rating of "Buy" from the six analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $22.75.

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Opera from $24.50 to $21.50 and set a "buy" rating on the stock in a research note on Tuesday, January 13th. Zacks Research upgraded shares of Opera from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 10th. Weiss Ratings restated a "hold (c)" rating on shares of Opera in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Opera from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, TD Cowen restated a "buy" rating on shares of Opera in a research note on Friday, March 13th.

Opera Price Performance

Shares of OPRA stock opened at $15.22 on Tuesday. Opera has a 1 year low of $11.71 and a 1 year high of $21.06. The firm has a fifty day moving average price of $14.01 and a 200-day moving average price of $14.44. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 12.79 and a beta of 1.22.

Opera (NASDAQ:OPRA - Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter. Opera had a net margin of 17.61% and a return on equity of 8.00%. The firm had revenue of $176.65 million during the quarter. Equities research analysts expect that Opera will post 0.81 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Harvey Capital Management Inc. lifted its stake in shares of Opera by 0.9% during the 4th quarter. Harvey Capital Management Inc. now owns 100,950 shares of the company's stock valued at $1,429,000 after buying an additional 925 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Opera by 305.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 91,016 shares of the company's stock valued at $1,289,000 after buying an additional 68,549 shares in the last quarter. Handelsbanken Fonder AB purchased a new position in shares of Opera during the 4th quarter valued at $355,000. Quent Capital LLC purchased a new position in shares of Opera during the 4th quarter valued at $212,000. Finally, IFP Advisors Inc lifted its stake in shares of Opera by 127.0% during the 3rd quarter. IFP Advisors Inc now owns 11,350 shares of the company's stock valued at $234,000 after buying an additional 6,350 shares in the last quarter. Hedge funds and other institutional investors own 10.21% of the company's stock.

Opera Company Profile

Opera Limited NASDAQ: OPRA is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.

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