Opera Limited (NASDAQ:OPRA) Given Average Recommendation of “Buy” by Analysts

Opera Limited (NASDAQ:OPRA) has been assigned a consensus recommendation of “Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is $24.80.

A number of analysts recently issued reports on the stock. Lake Street Capital raised their target price on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler began coverage on shares of Opera in a research report on Wednesday, February 5th. They set an “overweight” rating and a $25.00 price target on the stock. B. Riley reiterated a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, TD Cowen lifted their target price on Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

Institutional Trading of Opera

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its holdings in Opera by 2,065.1% during the fourth quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $26,000 after buying an additional 1,301 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Opera by 74.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock valued at $30,000 after acquiring an additional 674 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Opera by 135.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock worth $32,000 after acquiring an additional 1,186 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Opera in the 3rd quarter worth $61,000. Finally, Blue Trust Inc. raised its position in shares of Opera by 334.7% during the third quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock worth $65,000 after purchasing an additional 3,216 shares during the period. Institutional investors own 10.21% of the company’s stock.

Opera Stock Performance

NASDAQ:OPRA opened at $20.48 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. Opera has a twelve month low of $10.11 and a twelve month high of $20.70. The company has a market capitalization of $1.81 billion, a P/E ratio of 10.40 and a beta of 1.04. The firm has a 50-day moving average price of $18.77 and a two-hundred day moving average price of $16.57.

Opera Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, January 6th were paid a dividend of $0.40 per share. This represents a yield of 3.9%. The ex-dividend date of this dividend was Monday, January 6th. Opera’s payout ratio is currently 39.59%.

Opera Company Profile

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.