Zacks: Opera Ltd (OPRA) Receives Average Rating of “Strong Buy” from Brokerages

Opera Ltd (NASDAQ:OPRA) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus target price of $9.00 for the company, according to Zacks. Zacks has also assigned Opera an industry rank of 100 out of 256 based on the ratings given to its competitors.

Several institutional investors have recently bought and sold shares of the company. FIL Ltd increased its stake in shares of Opera by 45.3% in the first quarter. FIL Ltd now owns 1,581,316 shares of the company’s stock worth $10,389,000 after purchasing an additional 493,011 shares during the period. BlackRock Inc. bought a new position in shares of Opera in the third quarter worth about $4,785,000. CSat Investment Advisory L.P. bought a new position in shares of Opera in the first quarter worth about $1,795,000. Nikko Asset Management Americas Inc. acquired a new stake in Opera during the fourth quarter worth about $1,180,000. Finally, Anchor Capital Advisors LLC grew its position in Opera by 52.5% during the first quarter. Anchor Capital Advisors LLC now owns 54,530 shares of the company’s stock worth $358,000 after buying an additional 18,770 shares in the last quarter. Institutional investors and hedge funds own 3.68% of the company’s stock.

Shares of Opera stock traded up $0.25 during trading on Tuesday, reaching $10.71. The company’s stock had a trading volume of 207,600 shares, compared to its average volume of 156,628. The firm has a market capitalization of $1.26 billion and a PE ratio of 29.41. Opera has a one year low of $5.31 and a one year high of $15.62.

Opera (NASDAQ:OPRA) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported $0.06 EPS for the quarter. The business had revenue of $51.28 million for the quarter. Opera had a return on equity of 5.73% and a net margin of 18.24%.

About Opera

Opera Limited, through its subsidiaries, provides mobile and PC web browsers in Ireland, Russia, and internationally. It offers mobile browser products under the Opera Mini, Opera for Android, and Opera Touch names; PC browser under the Opera for Computers name; Opera News, a personalized news aggregation app; and Okash, a microfinance app.

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