Shares of Opera Ltd (NASDAQ:OPRA) have been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus target price of $17.67 for the company and are forecasting that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Opera an industry rank of 96 out of 255 based on the ratings given to related companies.
OPRA has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating and issued a $20.00 target price on shares of Opera in a report on Friday, November 15th. Citigroup set a $14.00 target price on shares of Opera and gave the company a “buy” rating in a report on Friday, August 23rd. Zacks Investment Research downgraded shares of Opera from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Lake Street Capital initiated coverage on shares of Opera in a report on Wednesday, October 2nd. They issued a “buy” rating and a $19.00 target price on the stock. Finally, ValuEngine downgraded shares of Opera from a “sell” rating to a “strong sell” rating in a report on Friday, November 15th.
Opera stock traded down $0.36 during midday trading on Monday, hitting $9.78. 146,018 shares of the company’s stock were exchanged, compared to its average volume of 187,949. Opera has a 12-month low of $5.31 and a 12-month high of $14.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.25 and a current ratio of 4.28. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 24.45 and a beta of 1.85. The firm’s 50 day simple moving average is $10.01 and its 200 day simple moving average is $10.71.
Opera (NASDAQ:OPRA) last issued its earnings results on Thursday, November 14th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.21. The business had revenue of $93.68 million for the quarter, compared to the consensus estimate of $80.13 million. Opera had a net margin of 18.82% and a return on equity of 6.53%. On average, equities research analysts forecast that Opera will post 0.46 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new stake in Opera during the third quarter worth about $940,000. Trustcore Financial Services LLC purchased a new stake in Opera during the third quarter worth about $115,000. Genesis Investment Management LLP purchased a new stake in Opera during the third quarter worth about $50,842,000. Cim LLC boosted its holdings in Opera by 25.7% during the third quarter. Cim LLC now owns 16,485 shares of the company’s stock worth $166,000 after buying an additional 3,370 shares in the last quarter. Finally, Henry James International Management Inc. purchased a new stake in Opera during the third quarter worth about $181,000. 10.84% of the stock is currently owned by hedge funds and other institutional investors.
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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