Opera (NASDAQ:OPRA) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Opera has been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen.
• The stock currently holds an average rating of "Buy" from six research analysts, with a consensus target price of $24.90.
• In its latest quarterly earnings report, Opera missed EPS estimates but reported a revenue of $142.96 million, exceeding expectations.

Opera (NASDAQ:OPRA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Several other equities analysts have also commented on the stock. Wedbush reissued an "outperform" rating on shares of Opera in a report on Tuesday, July 8th. Lake Street Capital lifted their target price on shares of Opera from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $24.90.

Opera Price Performance

Shares of NASDAQ:OPRA opened at $16.04 on Friday. Opera has a 52 week low of $12.83 and a 52 week high of $22.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 2.43. The company has a market capitalization of $1.44 billion, a PE ratio of 18.02 and a beta of 0.96. The company has a 50 day moving average price of $17.64 and a two-hundred day moving average price of $17.62.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Driehaus Capital Management LLC bought a new position in Opera in the 4th quarter worth approximately $10,646,000. Tidal Investments LLC boosted 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 valued at $22,284,000 after acquiring an additional 506,425 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in Opera in the fourth quarter worth $7,535,000. Point72 Asset Management L.P. lifted its position in Opera by 176.5% in the fourth quarter. Point72 Asset Management L.P. now owns 159,000 shares of the company's stock worth $3,011,000 after buying an additional 101,500 shares during the last quarter. Finally, Maxi Investments CY Ltd lifted its position in Opera by 270.5% in the first quarter. Maxi Investments CY Ltd now owns 128,309 shares of the company's stock worth $2,045,000 after buying an additional 93,682 shares during the last quarter. 10.21% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.