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

Opera Limited Sponsored ADR (NASDAQ:OPRA) has earned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $24.75.

OPRA has been the subject of a number of research reports. B. Riley Financial boosted their price target on shares of Opera from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Opera in a research report on Wednesday, July 8th. Finally, Wall Street Zen lowered Opera from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd.

Opera News Roundup

Here are the key news stories impacting Opera this week:

• Positive Sentiment: An analysis of Opera’s second-quarter outlook identifies advertising and search-query revenue as the key near-term growth drivers. Improving monetization in these areas could support revenue and earnings expectations. Opera Q2: Advertising And Query Are The Clear Drivers In The Short Term
• Positive Sentiment: A separate commentary presents Opera as a potential contrarian buy, arguing that its dividend may help offset valuation-trap concerns and provide an inflation-beating income component. This could appeal to value and income-oriented investors. Opera’s Value Trap Risks Balanced By Inflation-Beating Dividends – Contrarian Buy
• Neutral Sentiment: The remaining articles report a labor dispute, canceled performances and a tentative agreement involving the San Francisco Opera and its orchestra. These stories do not involve Opera Limited, its browser, advertising business or financial results, and therefore should not materially affect OPRA.
• Negative Sentiment: The value-oriented analysis still flags value-trap risks, suggesting investors remain concerned about the sustainability of Opera’s growth, valuation and dividend support. Such concerns may limit enthusiasm despite the stock’s income appeal. Opera’s Value Trap Risks Balanced By Inflation-Beating Dividends – Contrarian Buy

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OPRA. GAMMA Investing LLC boosted its position in Opera by 10.4% during the second quarter. GAMMA Investing LLC now owns 6,904 shares of the company’s stock valued at $137,000 after buying an additional 652 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Opera in the second quarter worth about $40,000. Parallel Advisors LLC increased its holdings in shares of Opera by 459.5% in the first quarter. Parallel Advisors LLC now owns 3,038 shares of the company’s stock worth $43,000 after buying an additional 2,495 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Opera by 20.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock valued at $601,000 after acquiring an additional 5,200 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT lifted its stake in shares of Opera by 35.3% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 29,146 shares of the company’s stock valued at $416,000 after acquiring an additional 7,607 shares during the last quarter. 10.21% of the stock is owned by hedge funds and other institutional investors.

Opera Trading Down 1.3%

Shares of NASDAQ OPRA opened at $18.06 on Monday. Opera has a 12 month low of $11.71 and a 12 month high of $21.06. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 12.99 and a beta of 1.31. The business has a 50-day moving average of $19.10 and a 200-day moving average of $17.79.

About Opera

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.