Opera Limited Sponsored ADR (NASDAQ:OPRA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) have earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $24.75.

Several analysts recently commented on the company. B. Riley Financial lifted 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. 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.

Institutional Investors Weigh In On Opera

Several institutional investors and hedge funds have recently modified their holdings of OPRA. Integrated Wealth Concepts LLC purchased a new position in Opera during the 2nd quarter valued at approximately $40,000. Parallel Advisors LLC raised its position in Opera by 459.5% in the 1st quarter. Parallel Advisors LLC now owns 3,038 shares of the company’s stock worth $43,000 after purchasing an additional 2,495 shares during the period. GAMMA Investing LLC lifted its stake in Opera by 10.4% in the second quarter. GAMMA Investing LLC now owns 6,904 shares of the company’s stock worth $137,000 after purchasing an additional 652 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of Opera during the first quarter valued at approximately $141,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Opera in the second quarter worth approximately $228,000. Institutional investors own 10.21% of the company’s stock.

Opera Price Performance

NASDAQ:OPRA opened at $18.06 on Monday. The company has a market capitalization of $1.61 billion, a PE ratio of 12.99 and a beta of 1.31. Opera has a 1-year low of $11.71 and a 1-year high of $21.06. The firm’s 50-day moving average price is $19.10 and its 200-day moving average price is $17.80.

Opera News Summary

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

Opera Company Profile

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.