Opera Limited Sponsored ADR (NASDAQ:OPRA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $23.8333.

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Opera in a report on Monday, December 1st. Wall Street Zen downgraded shares of Opera from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, Zacks Research downgraded shares of Opera from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th.

Opera Stock Down 0.6%

Shares of Opera stock opened at $13.83 on Wednesday. The stock’s fifty day moving average is $14.86 and its two-hundred day moving average is $16.90. Opera has a 52 week low of $12.62 and a 52 week high of $22.50. The company has a market capitalization of $1.24 billion, a PE ratio of 15.37 and a beta of 1.25.

Institutional Investors Weigh In On Opera

Several hedge funds have recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Opera during the third quarter valued at $42,000. Huntington National Bank increased its position in Opera by 37.8% during the 3rd quarter. Huntington National Bank now owns 3,305 shares of the company’s stock valued at $68,000 after purchasing an additional 906 shares during the period. GAMMA Investing LLC raised its holdings in shares of Opera by 46.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,016 shares of the company’s stock valued at $76,000 after purchasing an additional 1,279 shares in the last quarter. State of Tennessee Department of Treasury purchased a new stake in shares of Opera in the 2nd quarter worth approximately $83,000. Finally, Caption Management LLC bought a new position in shares of Opera during the first quarter valued at approximately $147,000. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

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.