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

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) have received an average rating of “Buy” from the five analysts that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $24.90.

Several research firms have recently issued reports on OPRA. Wall Street Zen upgraded shares of Opera from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. The Goldman Sachs Group lowered their target price on shares of Opera from $26.00 to $22.50 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Lake Street Capital upped their price objective on shares of Opera from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th.

Opera Stock Performance

Shares of OPRA stock opened at $18.44 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 2.17. Opera has a one year low of $10.11 and a one year high of $22.50. The company’s 50-day simple moving average is $17.15 and its 200-day simple moving average is $17.97. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 19.62 and a beta of 1.01.

Opera (NASDAQ:OPRA) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Opera had a net margin of 16.15% and a return on equity of 9.21%. The company had revenue of $142.72 million for the quarter, compared to analyst estimates of $132.48 million. During the same quarter last year, the business earned $0.34 earnings per share. Equities analysts anticipate that Opera will post 0.81 earnings per share for the current fiscal year.

Opera Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th will be paid a $0.40 dividend. This represents a yield of 4.1%. The ex-dividend date is Tuesday, July 8th. Opera’s dividend payout ratio (DPR) is 82.98%.

Institutional Trading of Opera

Several hedge funds and other institutional investors have recently bought and sold shares of OPRA. Inspire Investing LLC acquired a new position in shares of Opera in the 1st quarter valued at approximately $695,000. Caxton Associates LLP acquired a new position in Opera during the 1st quarter worth approximately $270,000. Goldman Sachs Group Inc. increased its position in Opera by 24.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 153,906 shares of the company’s stock worth $2,453,000 after purchasing an additional 30,662 shares in the last quarter. American Trust Investment Advisors LLC increased its position in Opera by 0.9% during the 1st quarter. American Trust Investment Advisors LLC now owns 181,560 shares of the company’s stock worth $2,894,000 after purchasing an additional 1,683 shares in the last quarter. Finally, Caption Management LLC acquired a new position in Opera during the 1st quarter worth approximately $147,000. 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.