The price of Opera Limited (NASDAQ:OPRA) shares last traded on Wall Street rose 5.21% to $20.79.
Based on available information, 4 analysts follow Opera Limited (NASDAQ:OPRA). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $13.00, we find $19.00. Given the previous closing price of $19.76, this indicates a potential downside of -3.85 percent. OPRA stock price is now 18.64% away from the 50-day moving average and 122.71% away from the 200-day moving average. The market capitalization of the company currently stands at $2.63B.
Among analysts, 0 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $18.50 as their price target over the next twelve months.
With the price target of $10, Cowen recently initiated with Outperform rating for Opera Limited (NASDAQ: OPRA).
A total of 12.16% 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 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $5,570,000. G2 INVESTMENT PARTNERS MANAGEMENT LLC invested $3,712,000 in shares of OPRA during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in Opera Limited valued at approximately $2,495,000. KESTRA ADVISORY SERVICES, LLC acquired a new stake in OPRA for approximately $707,000. SEI INVESTMENTS CO purchased a new stake in OPRA valued at around $691,000 in the second quarter. In total, there are 40 active investors with 5.40% ownership of the company’s stock.
A candlestick chart of Opera Limited (NASDAQ: OPRA) showed a price of $19.92 on Monday morning. During the past 12 months, Opera Limited has had a low of $3.49 and a high of $28.58. The fifty day moving average price for OPRA is $17.72 and a two-hundred day moving average price translates $9.66 for the stock.
The latest earnings results from Opera Limited (NASDAQ: OPRA) was released for Mar, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.14 by 0.05. This compares to -$0.08 EPS in the same period last year. The net profit margin was 11.50% and return on equity was 4.30% for OPRA. The company reported revenue of $87.18 million for the quarter, compared to $71.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.5 percent. For the current quarter, analysts expect OPRA to generate $91.65M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/12/2023. Investors who held shares on 06/30/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $0.80 dividend and a 3.85% percent yield. There was an ex-dividend date of 06/29/2023 for this 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; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service. It also provides Opera Crypto Browser for PCs and mobile; browser-based cashback rewards; owns GameMaker Studio, a 2D gaming development platform; and GXC, a gaming portal. In addition, the company operates Opera Ads, an online advertising platform. It operates in Nigeria, Ireland, France, Germany, Spain, England, South Africa, Kenya, and internationally. The company was founded in 1995 and is headquartered in Oslo, Norway. Opera Limited is a subsidiary of Kunlun Tech Limited.
