Opera Limited (NASDAQ:OPRA) Receives $24.80 Average PT from Brokerages

Shares of Opera Limited (NASDAQ:OPRA) have been given a consensus recommendation of “Buy” by the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.80.

Separately, 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 on the stock.

Opera Stock Down 1.3 %

OPRA opened at $17.36 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The company’s 50-day moving average is $19.03 and its 200 day moving average is $17.47. Opera has a fifty-two week low of $10.11 and a fifty-two week high of $22.50. The firm has a market capitalization of $1.54 billion, a P/E ratio of 8.81 and a beta of 1.04.

Opera Announces Dividend

The business also recently disclosed 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 is 85.71%.

Institutional Trading of Opera

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in Opera by 2,065.1% in the fourth quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,301 shares during the period. Jones Financial Companies Lllp raised its position in Opera by 74.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock worth $30,000 after acquiring an additional 674 shares during the period. Tower Research Capital LLC TRC raised its position in Opera by 229.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company’s stock worth $42,000 after acquiring an additional 1,548 shares during the period. GAMMA Investing LLC raised its position in 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 raised its position in Opera by 457.1% in the fourth quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company’s stock worth $74,000 after acquiring an additional 3,200 shares during the period. Institutional investors own 10.21% of the company’s stock.

About Opera

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.