Opera Limited Sponsored ADR (NASDAQ:OPRA) Receives $21.50 Consensus PT from Analysts

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) have received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $21.50.

Several research firms recently commented on OPRA. Zacks Research cut shares of Opera from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. TD Cowen restated a “buy” rating on shares of Opera in a report on Friday, March 13th. Weiss Ratings restated a “hold (c)” rating on shares of Opera in a report on Friday, March 27th. Finally, Wall Street Zen cut shares of Opera from a “buy” rating to a “hold” rating in a report on Sunday.

Opera Price Performance

Shares of OPRA opened at $18.19 on Friday. Opera has a one year low of $11.71 and a one year high of $21.06. The company has a 50-day moving average of $15.85 and a two-hundred day moving average of $14.48. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 14.44 and a beta of 1.30.

Opera (NASDAQ:OPRA) last announced its earnings results on Saturday, February 14th. The company reported $0.30 EPS for the quarter. Opera had a net margin of 17.72% and a return on equity of 8.54%. The company had revenue of $176.65 million during the quarter. Analysts anticipate that Opera will post 1.12 earnings per share for the current year.

Institutional Trading of Opera

A number of institutional investors have recently added to or reduced their stakes in OPRA. Goldman Sachs Group Inc. lifted its stake in Opera by 24.9% in the first quarter. Goldman Sachs Group Inc. now owns 153,906 shares of the company’s stock valued at $2,453,000 after acquiring an additional 30,662 shares during the last quarter. Caxton Associates LLP acquired a new stake in Opera in the first quarter valued at approximately $270,000. State of Tennessee Department of Treasury acquired a new stake in Opera in the second quarter valued at approximately $83,000. Harvey Capital Management Inc. lifted its stake in Opera by 171.8% in the third quarter. Harvey Capital Management Inc. now owns 100,025 shares of the company’s stock valued at $2,065,000 after acquiring an additional 63,225 shares during the last quarter. Finally, Huntington National Bank lifted its stake in Opera by 37.8% in the third quarter. Huntington National Bank now owns 3,305 shares of the company’s stock valued at $68,000 after acquiring an additional 906 shares during the last quarter. 10.21% of the stock is currently owned by institutional investors and hedge funds.

About Opera

Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.