Opera (NASDAQ:OPRA) Earns Buy Rating from Analysts at B. Riley

B. Riley began coverage on shares of Opera (NASDAQ:OPRA) in a research note released on Wednesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $14.50 price objective on the stock. B. Riley also issued estimates for Opera’s Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.05 EPS, FY2019 earnings at $0.15 EPS, FY2020 earnings at $0.33 EPS and FY2021 earnings at $0.54 EPS.

Shares of NASDAQ:OPRA opened at $11.40 on Wednesday. Opera has a 12-month low of $5.31 and a 12-month high of $15.62. The firm has a fifty day moving average of $10.50. The stock has a market cap of $1.27 billion and a P/E ratio of 29.69.

Opera (NASDAQ:OPRA) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported $0.06 earnings per share (EPS) for the quarter. Opera had a return on equity of 5.73% and a net margin of 18.24%. The business had revenue of $51.28 million for the quarter. Research analysts expect that Opera will post 0.15 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. FIL Ltd grew its stake in Opera by 45.3% during the 1st quarter. FIL Ltd now owns 1,581,316 shares of the company’s stock worth $10,389,000 after buying an additional 493,011 shares during the last quarter. CSat Investment Advisory L.P. purchased a new stake in Opera during the 1st quarter valued at about $1,795,000. Anchor Capital Advisors LLC grew its stake in Opera by 52.5% during the 1st quarter. Anchor Capital Advisors LLC now owns 54,530 shares of the company’s stock valued at $358,000 after purchasing an additional 18,770 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Opera during the 4th quarter valued at about $94,000. Finally, WT Asset Management Ltd purchased a new stake in Opera during the 1st quarter valued at about $50,318,000. Hedge funds and other institutional investors own 3.68% of the company’s stock.

Opera Company Profile

Opera Limited, through its subsidiaries, provides mobile and PC web browsers in Ireland, Russia, and internationally. It offers mobile browser products under the Opera Mini, Opera for Android, and Opera Touch names; PC browser under the Opera for Computers name; Opera News, a personalized news aggregation app; and Okash, a microfinance app.

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