Opera (NASDAQ:OPRA) Stock Price Up 8.6% - Here's Why

Key Points

• Opera Limited's stock price increased by 8.6% on Monday, reaching a high of $20.61 during trading after closing at $18.82 previously, with a significant rise in trading volume.
• Despite the recent stock surge, Wall Street analysts have mixed ratings, with six analysts rating it a "Buy" and one a "Sell," leading to a current consensus rating of "Moderate Buy" and a price target of $24.90.
• Opera reported quarterly earnings of $0.26 EPS, missing the analysts' expectations, while also posting a revenue of $142.96 million, surpassing estimates of $137.44 million.

Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report) shares rose 8.6% on Monday . The stock traded as high as $20.61 and last traded at $20.43. Approximately 750,901 shares were traded during trading, an increase of 31% from the average daily volume of 572,359 shares. The stock had previously closed at $18.82.

Wall Street Analysts Forecast Growth

OPRA has been the topic of several research reports. Wall Street Zen lowered shares of Opera from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Wedbush restated an "outperform" rating on shares of Opera in a research note on Tuesday, July 8th. Finally, Zacks Research lowered shares of Opera from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 3rd. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.90.

Opera Stock Up 8.7%

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 firm has a market cap of $1.83 billion, a price-to-earnings ratio of 22.99 and a beta of 1.03. The stock's 50 day moving average is $17.39 and its 200 day moving average is $17.42.

Opera (NASDAQ:OPRA - Get Free Report) last posted 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 net margin of 14.53% and a return on equity of 8.85%. The company had revenue of $142.96 million for the quarter, compared to analyst estimates of $137.44 million. During the same quarter in the prior year, the business earned $0.44 EPS. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that Opera Limited Sponsored ADR will post 0.81 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Inspire Investing LLC acquired a new position in Opera in the first quarter worth approximately $695,000. Allspring Global Investments Holdings LLC grew its position in Opera by 24.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 17,000 shares of the company's stock worth $271,000 after buying an additional 3,300 shares during the last quarter. GAMMA Investing LLC grew its position in Opera by 1,172.0% in the first quarter. GAMMA Investing LLC now owns 43,628 shares of the company's stock worth $695,000 after buying an additional 40,198 shares during the last quarter. Spire Wealth Management grew its position in Opera by 4,112.2% in the first quarter. Spire Wealth Management now owns 37,910 shares of the company's stock worth $604,000 after buying an additional 37,010 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Opera by 5.4% in the first quarter. Cetera Investment Advisers now owns 30,116 shares of the company's stock worth $480,000 after buying an additional 1,535 shares during the last quarter. Institutional investors and hedge funds own 10.21% of the company's stock.

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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