Opera (NASDAQ:OPRA) Shares Gap Up – Time to Buy?

Opera Limited Sponsored ADR (NASDAQ:OPRA)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $12.42, but opened at $13.86. Opera shares last traded at $14.49, with a volume of 986,859 shares traded.

Key Opera News

Here are the key news stories impacting Opera this week:

• Positive Sentiment: Bullish retail/investor write-ups highlight valuation and the company’s browser/ad/fintech exposure as reasons for upside; these narratives attracted attention from value investors recently. Opera Limited (OPRA): A Bull Case Theory
• Neutral Sentiment: Coverage noted a big one‑day surge and heavier‑than‑average volume, suggesting momentum but not necessarily sustainable fundamental change; analysts cautioned that recent earnings‑estimate revisions may not support an extended rally. Opera Limited (OPRA) Surges 13.5%: Is This an Indication of Further Gains?
• Neutral Sentiment: Additional bullish commentary surfaced on aggregator sites and forums summarizing why long‑term investors might find OPRA attractive; these pieces articulate a thesis but are speculative and depend on execution. Opera Limited (OPRA): A bull case theory
• Negative Sentiment: Technicals and intraday activity are bearish: the stock is trading below its 50‑ and 200‑day moving averages and has pulled back after the recent spike, suggesting profit‑taking and short‑term resistance around the 50‑day MA. NASDAQ OPRA

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OPRA. Zacks Research upgraded Opera from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Opera in a research report on Monday, December 29th. Finally, The Goldman Sachs Group dropped their price objective on Opera from $24.50 to $21.50 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Opera Stock Performance

The stock has a market cap of $1.14 billion, a P/E ratio of 14.18 and a beta of 1.23. The firm’s 50-day moving average is $13.91 and its two-hundred day moving average is $15.57.

Opera Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, January 7th were issued a dividend of $0.40 per share. This represents a yield of 554.0%. The ex-dividend date of this dividend was Wednesday, January 7th. Opera’s payout ratio is currently 86.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quent Capital LLC acquired a new position in Opera in the fourth quarter valued at about $212,000. IFP Advisors Inc raised its holdings in Opera by 127.0% in the third quarter. IFP Advisors Inc now owns 11,350 shares of the company’s stock worth $234,000 after purchasing an additional 6,350 shares during the period. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Opera in the 3rd quarter valued at $42,000. Huntington National Bank lifted its holdings in Opera by 37.8% during the third quarter. Huntington National Bank now owns 3,305 shares of the company’s stock worth $68,000 after acquiring an additional 906 shares in the last quarter. Finally, Harvey Capital Management Inc. increased its holdings in shares of Opera by 171.8% in the third quarter. Harvey Capital Management Inc. now owns 100,025 shares of the company’s stock worth $2,065,000 after acquiring an additional 63,225 shares in the last quarter. 10.21% of the stock is currently owned by institutional investors.

About Opera

Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.