Shares of Opera Ltd (NASDAQ:OPRA) have received an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $17.33 for the company and are anticipating that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Opera an industry rank of 84 out of 255 based on the ratings given to related companies.
A number of equities analysts have recently weighed in on the stock. Citigroup set a $14.00 price target on shares of Opera and gave the stock a “buy” rating in a research note on Friday, August 23rd. ValuEngine upgraded shares of Opera from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Lake Street Capital began coverage on shares of Opera in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $19.00 price objective on the stock. Zacks Investment Research lowered shares of Opera from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, B. Riley set a $19.00 price objective on shares of Opera and gave the stock a “buy” rating in a research report on Friday, August 23rd.
Shares of NASDAQ:OPRA traded up $0.10 during trading on Friday, hitting $9.16. 88,000 shares of the company were exchanged, compared to its average volume of 171,371. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.97 and a quick ratio of 4.97. Opera has a 12-month low of $5.31 and a 12-month high of $14.94. The stock has a market capitalization of $996.30 million, a P/E ratio of 22.90 and a beta of 1.89. The firm’s 50 day moving average price is $10.05 and its 200-day moving average price is $10.62.
Opera (NASDAQ:OPRA) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. Opera had a net margin of 14.40% and a return on equity of 4.49%. The business had revenue of $61.73 million for the quarter, compared to analysts’ expectations of $55.65 million. As a group, equities research analysts anticipate that Opera will post 0.26 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. A.R.T. Advisors LLC purchased a new stake in shares of Opera in the 2nd quarter worth about $118,000. Trustcore Financial Services LLC purchased a new stake in shares of Opera in the 3rd quarter worth about $115,000. Cim LLC purchased a new stake in shares of Opera in the 2nd quarter worth about $137,000. Henry James International Management Inc. purchased a new stake in shares of Opera in the 3rd quarter worth about $181,000. Finally, Nomura Holdings Inc. purchased a new position in Opera in the 2nd quarter valued at about $496,000. Institutional investors and hedge funds own 4.51% of the company’s stock.
Opera Company Profile
Opera Limited, through its subsidiaries, provides mobile and PC web browsers in Ireland, Russia, and internationally. It offers mobile browser products under the Opera Mini, Opera for Android, and Opera Touch names; PC browser under the Opera for Computers name; Opera News, a personalized news aggregation app; and Okash, a microfinance app.
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