Opera Limited Sponsored ADR (OPRA) – What Are Researchers Thinking About This Stock?

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) have been given an average rating of “Moderate Buy” by the five brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $24.75.

Several equities analysts have recently weighed in on OPRA shares. B. Riley Financial lifted their price target on Opera from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Opera in a research note on Friday, October 2nd. Finally, Wall Street Zen downgraded Opera from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd.

Opera Price Performance

NASDAQ:OPRA opened at $18.11 on Friday. The company has a market cap of $1.61 billion, a P/E ratio of 17.79 and a beta of 1.28. The stock’s fifty day moving average price is $18.54 and its two-hundred day moving average price is $18.14. Opera has a 1 year low of $11.71 and a 1 year high of $20.78.

Institutional Investors Weigh In On Opera

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC lifted its holdings in shares of Opera by 16.4% in the second quarter. Squarepoint Ops LLC now owns 190,502 shares of the company’s stock worth $3,778,000 after buying an additional 26,787 shares in the last quarter. Juncture Wealth Strategies LLC grew its stake in Opera by 25.5% during the third quarter. Juncture Wealth Strategies LLC now owns 32,476 shares of the company’s stock valued at $572,000 after acquiring an additional 6,597 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Opera by 20.7% during the second quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock valued at $601,000 after acquiring an additional 5,200 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in Opera by 35.3% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 29,146 shares of the company’s stock valued at $416,000 after acquiring an additional 7,607 shares in the last quarter. Finally, North Star Asset Management Inc. purchased a new position in Opera during the second quarter valued at approximately $238,000. 10.21% of the stock is currently owned by institutional investors.

Opera Company Profile

Opera Limited (NASDAQ: OPRA) is a technology company that develops web browsers and digital content services for desktop and mobile users. Its flagship Opera browser is available across major operating systems and emphasizes features such as integrated privacy tools, customizable interfaces, built-in messaging and productivity capabilities, and data-saving functionality.

The company also offers Opera GX, a browser designed for gamers and gaming enthusiasts, and Opera Mini, a mobile browser focused on efficient browsing and reduced data usage.