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

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

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

Institutional Trading of Opera

Large investors have recently made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of Opera by 101.3% in the third quarter. Allworth Financial LP now owns 1,661 shares of the company’s stock worth $29,000 after acquiring an additional 836 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Opera by 14.2% during the third quarter. Russell Investments Group Ltd. now owns 77,737 shares of the company’s stock worth $1,370,000 after purchasing an additional 9,671 shares during the period. Penn Capital Management Company LLC raised its position in shares of Opera by 16.8% during the third quarter. Penn Capital Management Company LLC now owns 894,543 shares of the company’s stock worth $15,778,000 after purchasing an additional 128,776 shares during the period. Point Nemo Capital LLC lifted its holdings in shares of Opera by 4.7% during the 3rd quarter. Point Nemo Capital LLC now owns 73,403 shares of the company’s stock valued at $1,293,000 after purchasing an additional 3,310 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Opera by 3.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 127,307 shares of the company’s stock valued at $2,243,000 after purchasing an additional 4,373 shares in the last quarter. Institutional investors own 10.21% of the company’s stock.

Opera Trading Up 0.8%

Shares of OPRA opened at $14.72 on Tuesday. The stock has a market cap of $1.31 billion, a P/E ratio of 10.59 and a beta of 1.38. Opera has a 1 year low of $11.71 and a 1 year high of $20.78. The stock’s 50-day moving average price is $17.62 and its two-hundred day moving average price is $17.06.

Opera Company Profile

Opera Limited (NASDAQ: OPRA) is a technology company that develops web browsers and related digital services for desktop and mobile users. Its products are designed to provide fast, customizable and feature-rich internet access, with tools such as ad blocking, private browsing, data savings, integrated messaging and personalized content.

The company’s product portfolio includes the Opera browser for computers and smartphones, Opera Mini, a data-efficient mobile browser, and Opera GX, a browser designed for gamers.