Opera Limited Sponsored ADR (NASDAQ:OPRA) Stock Rated “Moderate Buy” by Wall Street Analysts

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

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

Opera Price Performance

OPRA opened at $14.81 on Tuesday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 10.65 and a beta of 1.28. The company’s 50 day simple moving average is $17.96 and its 200-day simple moving average is $17.03. Opera has a one year low of $11.71 and a one year high of $20.78.

Hedge Funds Weigh In On Opera

Several hedge funds have recently added to or reduced their stakes in the company. Vest Financial LLC acquired a new stake in Opera in the third quarter worth about $253,000. Juncture Wealth Strategies LLC raised its holdings in Opera by 25.5% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 32,476 shares of the company’s stock worth $572,000 after purchasing an additional 6,597 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Opera during the 2nd quarter valued at about $211,000. Engineers Gate Manager LP acquired a new position in Opera during the 2nd quarter valued at about $228,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Opera during the 2nd quarter valued at about $40,000. Institutional investors own 10.21% of the company’s stock.

About Opera

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.