Opera Limited (NASDAQ:OPRA) Given Consensus Rating of “Buy” by Brokerages

Shares of Opera Limited (NASDAQ:OPRA) have received an average recommendation of “Buy” from the four analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $24.75.

Several research analysts have weighed in on OPRA shares. B. Riley reiterated a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. Lake Street Capital upped their price target on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on shares of Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler assumed coverage on Opera in a research report on Wednesday. They set an “overweight” rating and a $25.00 price objective for the company. Finally, TD Cowen boosted their target price on shares of Opera from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 30th.

Opera Trading Up 1.2 %

Shares of NASDAQ:OPRA opened at $18.00 on Wednesday. The business’s 50 day moving average price is $18.75 and its 200-day moving average price is $16.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 9.14 and a beta of 1.04. Opera has a 1 year low of $10.11 and a 1 year high of $20.70.

Opera Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, January 6th were given a dividend of $0.40 per share. The ex-dividend date was Monday, January 6th. This represents a yield of 3.9%. Opera’s dividend payout ratio (DPR) is presently 39.59%.

Institutional Trading of Opera

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in Opera by 135.4% during the third quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock valued at $32,000 after purchasing an additional 1,186 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Opera during the third quarter valued at approximately $61,000. Blue Trust Inc. grew its position in shares of Opera by 334.7% during the 3rd quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock worth $65,000 after buying an additional 3,216 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Opera in the 3rd quarter valued at approximately $74,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Opera during the fourth quarter worth $81,000. 10.21% of the stock is owned by hedge funds and other institutional investors.

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.