Opera's (OPRA) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Opera's stock received a reaffirmed "hold (c)" rating from Weiss Ratings, although Zacks Research downgraded it to a "strong sell" earlier this month.
• The company's shares opened at $16.89 and have a market capitalization of $1.51 billion, with a 12-month price range from $12.83 to $22.50.
• Opera recently reported earnings of $0.26 per share for the quarter, missing the consensus estimate by $0.01, while predicting an EPS of 0.81 for the current fiscal year.

Opera (NASDAQ:OPRA - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

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

Opera Stock Down 1.9%

Shares of OPRA stock opened at $16.89 on Wednesday. The firm has a fifty day moving average of $17.64 and a 200-day moving average of $17.47. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.01. Opera has a 12-month low of $12.83 and a 12-month high of $22.50. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 18.98 and a beta of 1.12.

Opera (NASDAQ:OPRA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $0.26 earnings per share (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 the consensus estimate of $137.44 million. During the same period in the prior year, the company earned $0.44 EPS. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts predict that Opera will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Inspire Investing LLC bought a new stake in shares of Opera in the 1st quarter valued at $695,000. Allspring Global Investments Holdings LLC grew its stake in shares of Opera by 24.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,000 shares of the company's stock worth $271,000 after acquiring an additional 3,300 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Opera by 1,172.0% in the 1st 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 boosted its holdings in shares of Opera by 4,112.2% in the 1st 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 boosted its holdings in shares of Opera by 5.4% in the 1st 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.