Lake Street Capital Raises Opera (NASDAQ:OPRA) Price Target to $24.00

Opera (NASDAQ:OPRA - Free Report) had its price target boosted by Lake Street Capital from $23.00 to $24.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on OPRA. Piper Sandler started coverage on Opera in a report on Wednesday, February 5th. They set an "overweight" rating and a $25.00 target price for the company. The Goldman Sachs Group lowered their price objective on shares of Opera from $26.00 to $22.50 and set a "buy" rating for the company in a research note on Monday, April 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $24.90.

Opera Trading Up 1.7 %

Shares of NASDAQ OPRA traded up $0.29 during mid-day trading on Tuesday, reaching $17.47. 505,316 shares of the company's stock were exchanged, compared to its average volume of 568,388. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 8.87 and a beta of 1.01. Opera has a 52-week low of $10.11 and a 52-week high of $22.50. The company's 50-day moving average is $16.40 and its 200-day moving average is $17.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10.

Opera (NASDAQ:OPRA - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. Opera had a net margin of 39.22% and a return on equity of 19.22%. The business had revenue of $142.72 million during the quarter, compared to analysts' expectations of $132.48 million. During the same period last year, the business earned $0.34 earnings per share. Analysts expect that Opera will post 0.81 EPS for the current fiscal year.

Institutional Trading of Opera

Several hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of Opera by 2,065.1% in the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $26,000 after purchasing an additional 1,301 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Opera by 74.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock valued at $30,000 after buying an additional 674 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Opera by 229.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock valued at $42,000 after buying an additional 1,548 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Opera by 66.3% during the 4th quarter. GAMMA Investing LLC now owns 3,430 shares of the company's stock worth $65,000 after buying an additional 1,368 shares during the last quarter. Finally, Point72 Hong Kong Ltd boosted its position in shares of Opera by 457.1% during the 4th quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company's stock worth $74,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 10.21% of the company's stock.

Opera Company Profile

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.