Opera (NASDAQ:OPRA) Stock Price Down 5.2% - Here's Why

Key Points

• Opera Limited's stock fell by 5.2% during mid-day trading, closing at $19.57, down from a previous close of $20.64.
• The company reported a missing EPS estimate of $0.27, with actual earnings at $0.26, and had a revenue of $142.96 million for the quarter.
• Analysts have varied opinions on the stock, with Zacks downgrading from "hold" to "strong sell" while others maintain a "Moderate Buy" consensus rating.

Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report) shares were down 5.2% during mid-day trading on Wednesday . The stock traded as low as $19.85 and last traded at $19.57. Approximately 493,289 shares changed hands during trading, a decline of 15% from the average daily volume of 578,046 shares. The stock had previously closed at $20.64.

Analyst Ratings Changes

Several equities analysts have issued reports on OPRA shares. Wedbush reaffirmed an "outperform" rating on shares of Opera in a report on Tuesday, July 8th. Zacks Research downgraded shares of Opera from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 3rd. Finally, Wall Street Zen downgraded shares of Opera from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.90.

Opera Stock Performance

The stock has a market cap of $1.76 billion, a PE ratio of 22.11 and a beta of 1.03. 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 stock has a 50-day moving average of $17.51 and a 200 day moving average of $17.46.

Opera (NASDAQ:OPRA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $137.44 million. During the same quarter in the previous year, the business posted $0.44 EPS. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that Opera Limited Sponsored ADR will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Opera

A number of institutional investors have recently bought and sold shares of OPRA. Calton & Associates Inc. purchased a new position in Opera during the first quarter worth about $51,000. GAMMA Investing LLC raised its stake in Opera by 46.7% during the second quarter. GAMMA Investing LLC now owns 4,016 shares of the company's stock worth $76,000 after purchasing an additional 1,279 shares during the period. State of Tennessee Department of Treasury purchased a new position in Opera during the second quarter worth about $83,000. Caption Management LLC purchased a new position in Opera during the first quarter worth about $147,000. Finally, SBI Securities Co. Ltd. raised its stake in Opera by 56.7% during the first quarter. SBI Securities Co. Ltd. now owns 10,992 shares of the company's stock worth $175,000 after purchasing an additional 3,976 shares during the period. 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.

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