A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Opera from a hold rating to a buy rating and set a $9.75 price target for the company in a research report on Thursday. Lake Street Capital began coverage on Opera in a report on Wednesday, October 2nd. They issued a buy rating and a $19.00 target price for the company. Finally, B. Riley reissued a buy rating and issued a $20.00 target price on shares of Opera in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Opera has a consensus rating of Buy and a consensus target price of $15.69.
NASDAQ OPRA opened at $7.06 on Thursday. The stock has a 50-day simple moving average of $9.27 and a two-hundred day simple moving average of $10.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.25 and a current ratio of 4.28. Opera has a fifty-two week low of $6.36 and a fifty-two week high of $14.94. The firm has a market capitalization of $774.11 million, a P/E ratio of 16.41 and a beta of 1.76.
Opera (NASDAQ:OPRA) last issued its quarterly earnings results on Thursday, November 14th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. Opera had a net margin of 18.82% and a return on equity of 6.53%. The company had revenue of $93.68 million during the quarter, compared to the consensus estimate of $80.13 million. As a group, analysts forecast that Opera will post 0.46 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in OPRA. Millennium Management LLC acquired a new position in shares of Opera in the 3rd quarter valued at $940,000. Cim LLC boosted its stake in Opera by 25.7% during the 3rd quarter. Cim LLC now owns 16,485 shares of the company’s stock worth $166,000 after purchasing an additional 3,370 shares during the period. Nomura Holdings Inc. acquired a new stake in Opera during the 2nd quarter worth $496,000. Trustcore Financial Services LLC purchased a new position in Opera during the 3rd quarter worth $115,000. Finally, Genesis Investment Management LLP purchased a new position in Opera during the 3rd quarter worth $50,842,000. Institutional investors and hedge funds own 10.82% of the company’s stock.
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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