Opera Limited Sponsored ADR (NASDAQ:OPRA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Opera Limited Sponsored ADR (NASDAQ:OPRA) has received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $21.50.

OPRA has been the topic of a number of research analyst reports. Wall Street Zen lowered Opera from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Opera in a research note on Friday, March 27th. TD Cowen reissued a “buy” rating on shares of Opera in a research note on Friday, March 13th. Finally, Zacks Research lowered Opera from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th.

Opera Stock Down 1.6%

OPRA stock opened at $19.01 on Wednesday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 15.09 and a beta of 1.30. Opera has a 52-week low of $11.71 and a 52-week high of $21.06. The stock’s fifty day simple moving average is $16.61 and its 200-day simple moving average is $14.79.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OPRA. Bradley Foster & Sargent Inc. CT boosted its holdings in Opera by 35.3% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 29,146 shares of the company’s stock valued at $416,000 after acquiring an additional 7,607 shares during the last quarter. Parallel Advisors LLC grew 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 acquiring an additional 2,495 shares during the period. Ascentis Independent Advisors acquired a new stake in Opera during the first quarter worth about $141,000. Harvey Capital Management Inc. increased its stake in Opera by 0.9% during the fourth quarter. Harvey Capital Management Inc. now owns 100,950 shares of the company’s stock worth $1,429,000 after acquiring an additional 925 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Opera by 305.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 91,016 shares of the company’s stock worth $1,289,000 after purchasing an additional 68,549 shares during the period. 10.21% of the stock is owned by hedge funds and other institutional investors.

Opera Company Profile

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.