Opera Limited Sponsored ADR (OPRA) – What Are Investment Firms Thinking About This Stock?

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $24.75.

OPRA has been the subject of several recent analyst reports. Wall Street Zen lowered Opera from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Opera in a research note on Friday, October 2nd. Finally, B. Riley Financial lifted their target price on shares of Opera from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, August 20th.

Institutional Trading of Opera

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new position in Opera in the second quarter worth $40,000. Parallel Advisors LLC raised its position in Opera by 459.5% during the first quarter. Parallel Advisors LLC now owns 3,038 shares of the company’s stock valued at $43,000 after purchasing an additional 2,495 shares in the last quarter. GAMMA Investing LLC raised its position in Opera by 10.4% during the second quarter. GAMMA Investing LLC now owns 6,904 shares of the company’s stock valued at $137,000 after purchasing an additional 652 shares in the last quarter. Ascentis Independent Advisors bought a new stake in Opera during the first quarter worth about $141,000. Finally, QRG Capital Management Inc. bought a new stake in Opera during the second quarter worth about $211,000. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Opera Stock Up 3.7%

Shares of NASDAQ OPRA opened at $18.17 on Friday. The firm has a market capitalization of $1.62 billion, a P/E ratio of 17.70 and a beta of 1.28. The stock’s 50-day simple moving average is $18.46 and its two-hundred day simple moving average is $18.20. Opera has a twelve month low of $11.71 and a twelve month high of $20.78.

About Opera

Opera Limited (NASDAQ: OPRA) is a technology company that develops web browsers and digital content services for desktop and mobile users. Its flagship Opera browser is available across major operating systems and emphasizes features such as integrated privacy tools, customizable interfaces, built-in messaging and productivity capabilities, and data-saving functionality.

The company also offers Opera GX, a browser designed for gamers and gaming enthusiasts, and Opera Mini, a mobile browser focused on efficient browsing and reduced data usage.