Opera Limited (NASDAQ:OPRA) Given Consensus Recommendation of “Buy” by Analysts

Opera Limited (NASDAQ:OPRA) has received a consensus recommendation of “Buy” from the four analysts that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is $24.75.

Several equities analysts recently commented on OPRA shares. Piper Sandler initiated coverage on shares of Opera in a research report on Wednesday. They issued an “overweight” rating and a $25.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen lifted their price objective on shares of Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. B. Riley reiterated a “buy” rating and issued a $25.00 price objective (up from $24.00) on shares of Opera in a research report on Wednesday, October 30th. Finally, Lake Street Capital upped their price objective on Opera from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Handelsbanken Fonder AB boosted its holdings in Opera by 2.8% during the fourth quarter. Handelsbanken Fonder AB now owns 21,900 shares of the company’s stock worth $415,000 after buying an additional 600 shares during the last quarter. State Street Corp grew its position in shares of Opera by 5.1% during the 3rd quarter. State Street Corp now owns 17,129 shares of the company’s stock worth $265,000 after buying an additional 832 shares during the period. National Bank of Canada FI raised its position in Opera by 14.4% in the 3rd quarter. National Bank of Canada FI now owns 9,333 shares of the company’s stock valued at $144,000 after buying an additional 1,175 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Opera by 135.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock worth $32,000 after purchasing an additional 1,186 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in Opera by 2.7% in the third quarter. Inspire Investing LLC now owns 58,080 shares of the company’s stock worth $897,000 after buying an additional 1,539 shares in the last quarter. 10.21% of the stock is currently owned by institutional investors.

Opera Trading Up 1.2 %

NASDAQ:OPRA opened at $18.00 on Wednesday. The firm’s 50 day moving average is $18.75 and its 200 day moving average is $16.40. Opera has a 12 month low of $10.11 and a 12 month high of $20.70. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.59 billion, a PE ratio of 9.14 and a beta of 1.04.

Opera Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, January 6th were issued a $0.40 dividend. This represents a dividend yield of 3.9%. The ex-dividend date was Monday, January 6th. Opera’s payout ratio is 39.59%.

About Opera

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.