Opera (NASDAQ:OPRA) Rating Lowered to Sell at BidaskClub

Opera (NASDAQ:OPRA) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Opera from a “hold” rating to a “strong-buy” rating and set a $9.25 target price for the company in a research report on Tuesday, March 3rd. TheStreet cut shares of Opera from a “c-” rating to a “d” rating in a research report on Wednesday, January 29th. ValuEngine upgraded shares of Opera from a “sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, B. Riley dropped their target price on shares of Opera from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Opera has a consensus rating of “Buy” and an average target price of $14.31.

Shares of NASDAQ:OPRA opened at $5.53 on Friday. The firm has a 50 day moving average of $6.80 and a 200-day moving average of $9.01. The stock has a market capitalization of $563.99 million, a PE ratio of 10.84 and a beta of 1.33. The company has a current ratio of 3.25, a quick ratio of 3.19 and a debt-to-equity ratio of 0.01. Opera has a 12 month low of $4.75 and a 12 month high of $14.94.

Opera (NASDAQ:OPRA) last issued its earnings results on Tuesday, February 25th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.09 by $0.11. The company had revenue of $129.61 million during the quarter, compared to analysts’ expectations of $100.11 million. Opera had a net margin of 17.51% and a return on equity of 7.55%. On average, research analysts predict that Opera will post 0.45 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Malaga Cove Capital LLC bought a new stake in shares of Opera during the 4th quarter valued at approximately $111,000. Trustcore Financial Services LLC grew its holdings in shares of Opera by 14.9% during the 4th quarter. Trustcore Financial Services LLC now owns 13,100 shares of the company’s stock valued at $121,000 after purchasing an additional 1,700 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Opera by 22.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 13,913 shares of the company’s stock valued at $129,000 after purchasing an additional 2,509 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Opera during the 4th quarter valued at approximately $139,000. Finally, Ellington Management Group LLC bought a new stake in shares of Opera during the 4th quarter valued at approximately $143,000. 10.88% of the stock is currently owned by institutional investors.

About Opera

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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