Opera (NASDAQ:OPRA) Issues Earnings Results

Key Points

• Quarterly beat: Opera reported EPS of $0.34 (vs. $0.32 est.) and revenue of $175.82 million (vs. $171.04M est.), with a 17.61% net margin and 8.00% return on equity.
• Shares opened at $16.91, trade in a one-year range of $11.71–$21.06, and the company has a market cap of $1.52 billion with a PE ratio of 14.21 (50/200-day moving averages ~$14.86/$14.33).
• Analysts hold a consensus Buy rating with an average target of $22.75, though some firms have trimmed targets or ratings (e.g., Goldman cut its target to $21.50 and Wall Street Zen downgraded to Hold).

Opera (NASDAQ:OPRA - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.02, FiscalAI reports. The business had revenue of $175.82 million during the quarter, compared to the consensus estimate of $171.04 million. Opera had a return on equity of 8.00% and a net margin of 17.61%.

Opera Price Performance

Opera stock opened at $16.91 on Tuesday. Opera has a one year low of $11.71 and a one year high of $21.06. The stock has a market capitalization of $1.52 billion, a PE ratio of 14.21 and a beta of 1.22. The business's fifty day moving average is $14.86 and its 200 day moving average is $14.33.

Institutional Investors Weigh In On Opera

Institutional investors have recently modified their holdings of the business. State of Tennessee Department of Treasury purchased a new stake in shares of Opera during the second quarter valued at $83,000. Caxton Associates LLP purchased a new stake in shares of Opera during the first quarter valued at $270,000. Janney Montgomery Scott LLC boosted its position in shares of Opera by 305.1% during the fourth 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 during the last quarter. Harvey Capital Management Inc. boosted its position in Opera by 0.9% in the fourth quarter. Harvey Capital Management Inc. now owns 100,950 shares of the company's stock worth $1,429,000 after purchasing an additional 925 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Opera by 24.9% in the first quarter. Goldman Sachs Group Inc. now owns 153,906 shares of the company's stock worth $2,453,000 after purchasing an additional 30,662 shares during the last quarter. 10.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OPRA shares. Wall Street Zen downgraded Opera from a "buy" rating to a "hold" rating in a report on Sunday, April 19th. Zacks Research raised Opera from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 10th. The Goldman Sachs Group cut their target price on Opera from $24.50 to $21.50 and set a "buy" rating on the stock in a research note on Tuesday, January 13th. TD Cowen reissued a "buy" rating on shares of Opera in a research note on Friday, March 13th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Opera in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $22.75.

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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