Opera (NASDAQ:OPRA) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Opera (NASDAQ:OPRA) from a hold rating to a strong sell rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other research analysts also recently weighed in on OPRA. Wall Street Zen downgraded Opera from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Wedbush reissued an “outperform” rating on shares of Opera in a research note on Tuesday, July 8th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.90.

Opera Stock Up 0.1%

OPRA opened at $17.82 on Wednesday. Opera has a fifty-two week low of $12.83 and a fifty-two week high of $22.50. The business has a 50-day moving average of $17.33 and a 200-day moving average of $17.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.43 and a quick ratio of 2.43. The company has a market capitalization of $1.59 billion, a PE ratio of 20.02 and a beta of 1.03.

Opera (NASDAQ:OPRA) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Opera had a return on equity of 8.85% and a net margin of 14.53%.The firm had revenue of $142.96 million for the quarter, compared to analysts’ expectations of $137.44 million. During the same period last year, the business earned $0.44 earnings per share. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts forecast that Opera will post 0.81 EPS for the current fiscal year.

Opera Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th were given a $0.40 dividend. This represents a yield of 410.0%. The ex-dividend date of this dividend was Tuesday, July 8th. Opera’s payout ratio is currently 87.64%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OPRA. Tower Research Capital LLC TRC increased its position in Opera by 229.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company’s stock worth $42,000 after buying an additional 1,548 shares during the period. Calton & Associates Inc. bought a new position in Opera in the 1st quarter worth approximately $51,000. Point72 Hong Kong Ltd grew its holdings in shares of Opera by 457.1% during the 4th quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company’s stock worth $74,000 after purchasing an additional 3,200 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Opera by 46.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,016 shares of the company’s stock worth $76,000 after purchasing an additional 1,279 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of Opera during the 2nd quarter worth approximately $83,000. 10.21% of the stock is owned by institutional investors.

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.