Other equities analysts have also recently issued research reports about the company. Lake Street Capital started coverage on Opera in a research report on Wednesday, October 2nd. They set a buy rating and a $19.00 target price on the stock. B. Riley set a $19.00 target price on Opera and gave the stock a buy rating in a research report on Friday, August 23rd. Zacks Investment Research upgraded Opera from a hold rating to a buy rating and set a $15.00 target price on the stock in a research report on Wednesday, September 18th. Finally, Citigroup set a $14.00 target price on Opera and gave the stock a buy rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Opera presently has a consensus rating of Buy and an average price target of $16.75.
NASDAQ OPRA opened at $10.06 on Friday. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $11.21 and its two-hundred day moving average is $10.47. Opera has a 12-month low of $5.31 and a 12-month high of $14.94. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 25.15 and a beta of 1.91.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPRA. Park West Asset Management LLC acquired a new stake in shares of Opera in the 2nd quarter worth approximately $10,889,000. Sloane Robinson LLP grew its holdings in shares of Opera by 29.8% in the 2nd quarter. Sloane Robinson LLP now owns 259,800 shares of the company’s stock worth $2,712,000 after acquiring an additional 59,700 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Opera in the 2nd quarter worth approximately $496,000. Citadel Advisors LLC grew its holdings in shares of Opera by 80.7% in the 2nd quarter. Citadel Advisors LLC now owns 83,175 shares of the company’s stock worth $868,000 after acquiring an additional 37,152 shares during the period. Finally, Toroso Investments LLC grew its holdings in shares of Opera by 12.8% in the 2nd quarter. Toroso Investments LLC now owns 308,245 shares of the company’s stock worth $3,218,000 after acquiring an additional 35,056 shares during the period. Institutional investors own 4.54% of the company’s stock.
Opera Company Profile
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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