Opera (NASDAQ:OPRA) Coverage Initiated at Piper Sandler

Research analysts at Piper Sandler began coverage on shares of Opera (NASDAQ:OPRA) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $25.00 price target on the stock. Piper Sandler’s target price points to a potential upside of 27.55% from the company’s previous close.

A number of other equities research analysts also recently weighed in on OPRA. TD Cowen lifted their price target on shares of Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Lake Street Capital lifted their price target on shares of Opera from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on shares of Opera from $19.50 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, B. Riley reiterated a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of Opera in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Opera currently has a consensus rating of “Buy” and an average target price of $24.80.

Opera Stock Down 0.8 %

NASDAQ OPRA opened at $19.60 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 1-year low of $10.11 and a 1-year high of $20.70. The company has a 50 day moving average of $18.76 and a 200-day moving average of $16.43. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 9.95 and a beta of 1.04.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OPRA. GAMMA Investing LLC grew its stake in shares of Opera by 135.4% during the third quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock worth $32,000 after buying an additional 1,186 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Opera by 2.7% during the third quarter. Inspire Investing LLC now owns 58,080 shares of the company’s stock worth $897,000 after buying an additional 1,539 shares during the last quarter. Blue Trust Inc. grew its stake 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 buying an additional 3,216 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Opera by 30.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,700 shares of the company’s stock worth $212,000 after buying an additional 3,200 shares during the last quarter. Finally, Calton & Associates Inc. bought a new stake in shares of Opera in the third quarter worth $218,000. 10.21% of the stock is currently owned by institutional investors and hedge funds.

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.