Opera (NASDAQ:OPRA - Free Report) had its target price reduced by The Goldman Sachs Group from $26.00 to $22.50 in a research report report published on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.
Separately, Piper Sandler initiated coverage on shares of Opera in a report on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 price target on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $24.70.
Read Our Latest Analysis on Opera
Opera Stock Performance
Opera stock traded down $0.12 during mid-day trading on Monday, reaching $14.33. 640,732 shares of the company's stock were exchanged, compared to its average volume of 575,602. The business's fifty day simple moving average is $17.35 and its 200 day simple moving average is $17.86. 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 one year low of $10.11 and a one year high of $22.50. The firm has a market capitalization of $1.27 billion, a PE ratio of 7.27 and a beta of 0.96.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its stake in Opera by 2,065.1% in the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $26,000 after acquiring an additional 1,301 shares during the period. Jones Financial Companies Lllp lifted its stake 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 buying an additional 674 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Opera by 229.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock valued at $42,000 after acquiring an additional 1,548 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Opera by 66.3% in the fourth quarter. GAMMA Investing LLC now owns 3,430 shares of the company's stock worth $65,000 after acquiring an additional 1,368 shares during the period. Finally, Point72 Hong Kong Ltd lifted its holdings in Opera by 457.1% during the 4th quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company's stock worth $74,000 after purchasing an additional 3,200 shares in the last quarter. Hedge funds and other institutional investors own 10.21% of the company's stock.
Opera Company Profile
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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.
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