Opera Limited Sponsored ADR (NASDAQ:OPRA) Receives $24.75 Average Price Target from Analysts

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $24.75.

Several equities analysts have commented on the company. B. Riley Financial upped their price target on Opera from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Wall Street Zen lowered Opera from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Opera in a research report on Wednesday, July 8th.

Opera Stock Performance

NASDAQ:OPRA opened at $18.41 on Monday. The firm’s 50-day moving average is $19.15 and its 200-day moving average is $17.77. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 13.24 and a beta of 1.31. Opera has a 52-week low of $11.71 and a 52-week high of $21.06.

Institutional Investors Weigh In On Opera

A number of institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in Opera in the 2nd quarter valued at $40,000. Parallel Advisors LLC boosted its position in shares of Opera by 459.5% during the 1st quarter. Parallel Advisors LLC now owns 3,038 shares of the company’s stock valued at $43,000 after acquiring an additional 2,495 shares in the last quarter. GAMMA Investing LLC increased its stake in Opera by 10.4% in the second quarter. GAMMA Investing LLC now owns 6,904 shares of the company’s stock valued at $137,000 after acquiring an additional 652 shares during the period. Ascentis Independent Advisors bought a new stake in Opera in the first quarter valued at about $141,000. Finally, Engineers Gate Manager LP acquired a new position in Opera in the second quarter worth about $228,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Company Profile

Opera Limited is a technology company that develops web browsers and related digital services for desktop and mobile users. Its products include the Opera browser, Opera One, Opera GX, which is designed for gamers, and Opera Mini, a mobile browser focused on efficient data use and performance on a range of devices.

The company also provides browser-based features and services such as advertising solutions, personalized content, news products and artificial intelligence tools, including the Aria browser AI.