The stock of Opera Limited (NASDAQ:OPRA) last traded at $7.27, up 3.12% from the previous session.
OPRA stock price is now 25.14% away from the 50-day moving average and 41.95% away from the 200-day moving average. The market capitalization of the company currently stands at $812.57M.
With the price target of $10, Cowen recently initiated with Outperform rating for Opera Limited (NASDAQ: OPRA). On October 02, 2019, Lake Street recently initiated its ‘Buy’ rating on the stock quoting a target price of $19, while ‘B. Riley FBR’ rates the stock as ‘Buy’.
A total of 2.08% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OPRA stock. A new stake in Opera Limited shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $203,000. WIPFLI FINANCIAL ADVISORS LLC, invested $5,000 in shares of OPRA during the first quarter. In total, there are 45 active investors with 5.40% ownership of the company’s stock.
With an opening price of $7.04 on Tuesday morning, Opera Limited (NASDAQ: OPRA) set off the trading day. During the past 12 months, Opera Limited has had a low of $3.92 and a high of $7.57. The fifty day moving average price for OPRA is $5.81 and a two-hundred day moving average price translates $5.12 for the stock.
The latest earnings results from Opera Limited (NASDAQ: OPRA) was released for Sep, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.03, missing analysts’ expectations of $0.07 by -0.1. This compares to $0.20 EPS in the same period last year. The net profit margin was -38.40% and return on equity was -11.80% for OPRA. The company reported revenue of $85.43 million for the quarter, compared to $66.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.11 percent. For the current quarter, analysts expect OPRA to generate $81.99M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/09/2023. Investors who held shares on 01/30/2023 were paid a $0.80 dividend.
Opera Limited(OPRA) Company Profile
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. It operates in two segments, Browser and News, and Other. The company offers mobile browser products, such as Opera Mini, Opera for Android and iOS, Opera GX Mobile, and Opera Touch; PC browsers, including Opera for Computers and Opera GX; and Opera News, an AI-powered personalized news discovery and aggregation service. It also provides browser-based cashback rewards under the Dify brand name; owns GameMaker Studio, a 2D gaming development platform; and GXC, a gaming portal. In addition, the company operates online marketing platforms, including Opera Ads, an online advertising platform; and Opera Ads Manager, designs to create, manage, and report on digital advertising campaigns in one place allowing advertisers to reach customers. It operates in Ireland, Singapore, Russia, and internationally. The company was founded in 1995 and is headquartered in Oslo, Norway. Opera Limited is a subsidiary of Kunlun Tech Limited.