Analysts’ Weekly Ratings Changes for Opera (OPRA)

Opera (NASDAQ: OPRA) recently received a number of ratings updates from brokerages and research firms:

• 10/30/2024 – Opera had its price target raised by analysts at Lake Street Capital from $22.00 to $23.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Opera had its price target raised by analysts at TD Cowen from $25.00 to $28.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Opera had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $25.00 price target on the stock, up previously from $24.00.
• 10/30/2024 – Opera had its price target raised by analysts at The Goldman Sachs Group, Inc. from $19.50 to $23.00. They now have a “buy” rating on the stock.

Opera Price Performance

OPRA opened at $19.00 on Monday. The stock has a market cap of $1.68 billion, a P/E ratio of 9.64 and a beta of 1.02. Opera Limited has a 12 month low of $10.11 and a 12 month high of $19.69. The company has a fifty day simple moving average of $15.52 and a 200 day simple moving average of $14.15. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01.

Opera (NASDAQ:OPRA) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Opera had a return on equity of 19.22% and a net margin of 39.22%. The firm had revenue of $109.73 million for the quarter, compared to the consensus estimate of $108.65 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. On average, research analysts expect that Opera Limited will post 0.79 EPS for the current year.

Institutional Trading of Opera

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Harvey Capital Management Inc. acquired a new position in shares of Opera during the 3rd quarter valued at $2,420,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Opera by 5.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 88,008 shares of the company’s stock worth $1,360,000 after buying an additional 4,274 shares during the last quarter. Calton & Associates Inc. purchased a new stake in Opera in the third quarter worth $218,000. Allspring Global Investments Holdings LLC raised its stake in Opera by 30.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,700 shares of the company’s stock valued at $212,000 after acquiring an additional 3,200 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Opera by 334.7% in the third quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock valued at $65,000 after purchasing an additional 3,216 shares during the period. Institutional investors own 10.21% of the company’s stock.

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.