Opera Limited Sponsored ADR (NASDAQ:OPRA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given 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 $23.8333.

A number of research analysts have recently issued reports on OPRA shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Opera in a research report on Monday, December 1st. Wall Street Zen lowered shares of Opera from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Zacks Research lowered Opera from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th.

Opera Price Performance

Shares of OPRA stock opened at $13.83 on Wednesday. The stock’s 50-day moving average is $14.86 and its 200 day moving average is $16.90. Opera has a 1-year low of $12.62 and a 1-year high of $22.50. The company has a market cap of $1.24 billion, a P/E ratio of 15.37 and a beta of 1.25.

Hedge Funds Weigh In On Opera

Several hedge funds have recently modified their holdings of the stock. Inspire Investing LLC purchased a new position in shares of Opera in the first quarter worth $695,000. Cetera Investment Advisers increased its position in shares of Opera by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 30,116 shares of the company’s stock valued at $480,000 after acquiring an additional 1,535 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Opera by 15.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 139,892 shares of the company’s stock worth $2,230,000 after acquiring an additional 18,823 shares during the last quarter. Credit Agricole S A lifted its position in Opera by 29.0% during the 1st quarter. Credit Agricole S A now owns 231,523 shares of the company’s stock worth $3,690,000 after acquiring an additional 52,020 shares during the period. Finally, American Trust Investment Advisors LLC grew its stake in Opera by 0.9% during the 1st quarter. American Trust Investment Advisors LLC now owns 181,560 shares of the company’s stock valued at $2,894,000 after purchasing an additional 1,683 shares during the last quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Company Profile

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.