Opera (NASDAQ:OPRA) Given New $23.00 Price Target at The Goldman Sachs Group

Opera (NASDAQ:OPRA) had its target price lifted by The Goldman Sachs Group from $19.50 to $23.00 in a research note published on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Separately, B. Riley increased their target price on Opera from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Opera currently has an average rating of “Buy” and a consensus price target of $24.75.

Opera Trading Down 0.1 %

Shares of OPRA stock opened at $17.96 on Wednesday. Opera has a 1-year low of $10.11 and a 1-year high of $19.69. The firm has a market cap of $1.59 billion, a PE ratio of 9.12 and a beta of 1.02. The company has a 50-day moving average of $15.25 and a two-hundred day moving average of $14.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.51.

Opera (NASDAQ:OPRA) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $108.65 million. Opera had a net margin of 39.22% and a return on equity of 19.22%. During the same quarter last year, the company posted $0.15 EPS. On average, analysts predict that Opera will post 0.88 EPS for the current year.

Hedge Funds Weigh In On Opera

Several institutional investors have recently modified their holdings of OPRA. Avantax Advisory Services Inc. grew its stake in Opera by 56.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,597 shares of the company’s stock worth $389,000 after purchasing an additional 8,915 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Opera during the first quarter worth about $475,000. GSA Capital Partners LLP purchased a new stake in shares of Opera during the first quarter worth approximately $564,000. Hennion & Walsh Asset Management Inc. raised its holdings in Opera by 45.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 83,734 shares of the company’s stock valued at $1,176,000 after acquiring an additional 26,201 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Opera by 2.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 85,761 shares of the company’s stock worth $1,356,000 after acquiring an additional 1,804 shares during the last quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

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.