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

Opera Limited (NASDAQ:OPRA) has received a consensus recommendation of “Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $24.80.

Several equities research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on Opera from $19.50 to $23.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. B. Riley reiterated a “buy” rating and issued a $25.00 price objective (up previously from $24.00) on shares of Opera in a report on Wednesday, October 30th. Piper Sandler began coverage on shares of Opera in a research report on Wednesday, February 5th. They set an “overweight” rating and a $25.00 price target for the company. Finally, Lake Street Capital boosted their price objective on Opera from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, October 30th.

Institutional Trading of Opera

Several large investors have recently added to or reduced their stakes in the business. US Bancorp DE increased its stake in Opera by 2,065.1% during the 4th quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $26,000 after buying an additional 1,301 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Opera by 74.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock valued at $30,000 after acquiring an additional 674 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Opera by 135.4% in the 3rd 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 during the period. Larson Financial Group LLC acquired a new position in shares of Opera in the third quarter worth about $61,000. Finally, Blue Trust Inc. grew its position in 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 purchasing an additional 3,216 shares in the last quarter. 10.21% of the stock is currently owned by institutional investors and hedge funds.

Opera Price Performance

OPRA stock opened at $21.26 on Wednesday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 10.79 and a beta of 1.04. The stock’s fifty day simple moving average is $18.79 and its 200-day simple moving average is $16.64. Opera has a 52-week low of $10.11 and a 52-week high of $21.90.

Opera Announces Dividend

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

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.