Opera Limited (NASDAQ:OPRA) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Opera Limited (NASDAQ:OPRA - Get Free Report) have been assigned a consensus rating of "Buy" from the five research firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is $24.80.

Several analysts have recently issued reports on the company. TD Cowen upped their price objective on Opera from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. B. Riley restated a "buy" rating and issued a $25.00 target price (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. Lake Street Capital lifted their price target on shares of Opera from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on shares of Opera from $19.50 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Piper Sandler began coverage on shares of Opera in a research report on Wednesday. They set an "overweight" rating and a $25.00 target price on the stock.

Opera Price Performance

Shares of Opera stock traded up $0.88 during trading on Wednesday, hitting $20.48. 568,827 shares of the company were exchanged, compared to its average volume of 381,568. The firm has a 50 day moving average price of $18.77 and a 200 day moving average price of $16.51. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 10.40 and a beta of 1.04. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. Opera has a fifty-two week low of $10.11 and a fifty-two week high of $20.70.

Opera Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Monday, January 13th. Investors of record on Monday, January 6th were given a $0.40 dividend. The ex-dividend date was Monday, January 6th. This represents a dividend yield of 3.9%. Opera's dividend payout ratio is presently 39.59%.

Hedge Funds Weigh In On Opera

Institutional investors and hedge funds have recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its holdings in shares of Opera by 2.8% in the 4th quarter. Handelsbanken Fonder AB now owns 21,900 shares of the company's stock worth $415,000 after purchasing an additional 600 shares during the period. Jones Financial Companies Lllp raised its holdings in Opera by 74.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock valued at $30,000 after buying an additional 674 shares during the period. State Street Corp grew its stake in Opera by 5.1% during the third quarter. State Street Corp now owns 17,129 shares of the company's stock worth $265,000 after buying an additional 832 shares during the period. National Bank of Canada FI increased its position in shares of Opera by 14.4% in the third quarter. National Bank of Canada FI now owns 9,333 shares of the company's stock worth $144,000 after acquiring an additional 1,175 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake 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 acquiring an additional 1,186 shares during the period. 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.