Opera (NASDAQ:OPRA) Stock Rating Upgraded by Zacks Research

Key Points

• The stock rating for Opera (NASDAQ:OPRA) has been upgraded from a "strong sell" to a "hold" by Zacks Research, reflecting a shift in analyst sentiment.
• Opera's average rating is currently a "Moderate Buy", with several analysts maintaining their holdings and price targets around $24.90.
• Despite a recent quarterly earnings report showing a slight miss on EPS estimates, the company reported revenue exceeding expectations, indicating potential for future growth.

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

Other analysts have also recently issued reports about the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Opera in a report on Wednesday, October 8th. Wedbush restated an "outperform" rating on shares of Opera in a research report on Tuesday, July 8th. Finally, Wall Street Zen cut shares of Opera from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $24.90.

Opera Trading Down 0.6%

Shares of Opera stock opened at $15.71 on Monday. The firm's 50 day moving average is $17.66 and its 200 day moving average is $17.46. The firm has a market capitalization of $1.41 billion, a PE ratio of 17.65 and a beta of 1.12. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.01. Opera has a 1 year low of $12.83 and a 1 year high of $22.50.

Opera (NASDAQ:OPRA - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $142.96 million during the quarter, compared to the consensus estimate of $137.44 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts forecast that Opera will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Opera

Several large investors have recently made changes to their positions in OPRA. Calton & Associates Inc. acquired a new position in Opera during the 1st quarter worth approximately $51,000. GAMMA Investing LLC increased its stake in Opera by 46.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,016 shares of the company's stock valued at $76,000 after purchasing an additional 1,279 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in Opera during the second quarter worth $83,000. Caption Management LLC bought a new position in shares of Opera in the first quarter valued at $147,000. Finally, SBI Securities Co. Ltd. increased its position in shares of 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 acquiring an additional 3,976 shares in the last quarter. 10.21% of the stock is currently owned by institutional investors and hedge funds.

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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