Opera Limited Sponsored ADR (NASDAQ:OPRA) Receives Average Recommendation of “Buy” from Brokerages

Opera Limited Sponsored ADR (NASDAQ:OPRA) has received an average recommendation of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $24.90.

A number of research firms recently commented on OPRA. Wall Street Zen raised Opera from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Lake Street Capital boosted their target price on shares of Opera from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Finally, The Goldman Sachs Group dropped their target price on shares of Opera from $26.00 to $22.50 and set a “buy” rating for the company in a research report on Monday, April 14th.

Institutional Investors Weigh In On Opera

A number of hedge funds have recently bought and sold shares of OPRA. US Bancorp DE increased its holdings in shares of Opera by 2,065.1% in the 4th quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $26,000 after buying an additional 1,301 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Opera by 74.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock worth $30,000 after acquiring an additional 674 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Opera by 229.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company’s stock valued at $42,000 after purchasing an additional 1,548 shares during the period. Calton & Associates Inc. purchased a new position in shares of Opera in the 1st quarter worth approximately $51,000. Finally, Point72 Hong Kong Ltd increased its position in shares of Opera by 457.1% during the 4th quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company’s stock valued at $74,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Opera Trading Up 3.4%

Opera stock opened at $18.17 on Wednesday. Opera has a 12-month low of $10.11 and a 12-month high of $22.50. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 19.33 and a beta of 1.01. The firm has a 50 day moving average of $17.47 and a 200 day moving average of $17.92. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01.

Opera (NASDAQ:OPRA) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $142.72 million for the quarter, compared to the consensus estimate of $132.48 million. Opera had a net margin of 16.15% and a return on equity of 9.21%. During the same period last year, the firm earned $0.34 EPS. As a group, research analysts predict that Opera will post 0.81 earnings per share for the current year.

Opera Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 8th will be issued a $0.40 dividend. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, July 8th. Opera’s dividend payout ratio (DPR) is presently 82.98%.

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.