Opera Limited Sponsored ADR (NASDAQ:OPRA) Stock Has Average Price Target of $24.75

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) have earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $24.75.

Several research firms have issued reports on OPRA. Weiss Ratings restated a “hold (c+)” rating on shares of Opera in a research note on Friday, October 2nd. Wall Street Zen lowered Opera from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, B. Riley Financial raised their price objective on Opera from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, August 20th.

Opera Price Performance

NASDAQ OPRA opened at $17.58 on Friday. The firm’s fifty day moving average price is $18.62 and its 200 day moving average price is $18.08. Opera has a 12 month low of $11.71 and a 12 month high of $20.78. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 12.65 and a beta of 1.28.

Institutional Trading of Opera

Large investors have recently made changes to their positions in the company. Squarepoint Ops LLC grew its position in shares of Opera by 16.4% during the second quarter. Squarepoint Ops LLC now owns 190,502 shares of the company’s stock worth $3,778,000 after acquiring an additional 26,787 shares during the last quarter. North Star Asset Management Inc. acquired a new stake in Opera during the 2nd quarter worth approximately $238,000. Engineers Gate Manager LP acquired a new stake in Opera during the 2nd quarter worth approximately $228,000. QRG Capital Management Inc. purchased a new position in shares of Opera in the 2nd quarter valued at approximately $211,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Opera in the 1st quarter valued at approximately $141,000. 10.21% of the stock is owned by institutional investors and hedge funds.

Opera Company Profile

Opera Limited (NASDAQ: OPRA) is a technology company that develops web browsers and digital content services for desktop and mobile users. Its flagship Opera browser is available across major operating systems and emphasizes features such as integrated privacy tools, customizable interfaces, built-in messaging and productivity capabilities, and data-saving functionality.

The company also offers Opera GX, a browser designed for gamers and gaming enthusiasts, and Opera Mini, a mobile browser focused on efficient browsing and reduced data usage.