Opera (NASDAQ:OPRA) Lowered to "Strong Sell" Rating by Zacks Research

Key Points

• Opera has been downgraded by Zacks Research from a "hold" rating to a "strong sell" rating, reflecting a negative outlook from analysts.
• Despite the downgrade, the consensus rating on Opera’s stock remains a "Moderate Buy" with an average price target of $24.90.
• In the most recent quarter, Opera reported earnings of $0.26 per share, which was below analysts' expectations, while revenue surpassed estimates at $142.96 million.

Opera (NASDAQ:OPRA - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen downgraded Opera from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Wedbush restated an "outperform" rating on shares of Opera in a report on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Opera currently has a consensus rating of "Moderate Buy" and an average target price of $24.90.

Opera Price Performance

Shares of OPRA traded up $0.29 during midday trading on Wednesday, hitting $19.59. The company's stock had a trading volume of 1,042,370 shares, compared to its average volume of 571,328. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 22.01 and a beta of 1.03. Opera has a one year low of $12.83 and a one year high of $22.50. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.01. The company's fifty day simple moving average is $17.33 and its two-hundred day simple moving average is $17.27.

Opera (NASDAQ:OPRA - Get Free Report) last announced its earnings results on Tuesday, August 19th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Opera had a return on equity of 8.85% and a net margin of 14.53%.The company had revenue of $142.96 million for the quarter, compared to analyst estimates of $137.44 million. During the same period in the previous year, the firm posted $0.44 earnings per share. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts expect that Opera will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in Opera by 229.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock valued at $42,000 after purchasing an additional 1,548 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Opera by 22.1% in the 4th quarter. Stifel Financial Corp now owns 28,175 shares of the company's stock valued at $534,000 after purchasing an additional 5,100 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Opera during the 4th quarter valued at about $201,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Opera during the 4th quarter valued at about $322,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Opera by 36.1% in the fourth quarter. BNP Paribas Financial Markets now owns 8,215 shares of the company's stock valued at $156,000 after acquiring an additional 2,181 shares in the last quarter. 10.21% of the stock is owned by hedge funds and other 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.