Opera Ltd ADR (NASDAQ:OPRA) shares traded -13.57% lower at $11.27 on Wall Street last session.
In accordance with the data, 4 analysts cover Opera Ltd ADR (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 $18.00, we find $20.00. Given the previous closing price of $13.04, this indicates a potential upside of 53.37 percent. OPRA stock price is now -26.03% away from the 50-day moving average and -8.75% away from the 200-day moving average. The market capitalization of the company currently stands at $1.01B.
It has been rated a hold by 0 analysts and a buy by 4. Brokers who have rated the stock have averaged $20.25 as their price target over the next twelve months.
With the price target of $10, Cowen recently initiated with Outperform rating for Opera Ltd ADR (NASDAQ: OPRA).
There have been several recent changes in the stakes of large investors in OPRA stock. A new stake in Opera Ltd ADR shares was purchased by METAVASI CAPITAL LP during the first quarter worth $2,862,000. STEPHENS INC /AR/ invested $1,081,000 in shares of OPRA during the first quarter. In the first quarter, CUBIST SYSTEMATIC STRATEGIES, LLC acquired a new stake in Opera Ltd ADR valued at approximately $1,036,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in OPRA for approximately $970,000. TREXQUANT INVESTMENT LP purchased a new stake in OPRA valued at around $685,000 in the second quarter. In total, there are 64 active investors with 9.01% ownership of the company’s stock.
Opera Ltd ADR (NASDAQ: OPRA) opened at $12.20 on Friday. During the past 12 months, Opera Ltd ADR has had a low of $3.49 and a high of $28.58. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 4.30, and a quick ratio of 4.30. The fifty day moving average price for OPRA is $15.05 and a two-hundred day moving average price translates $12.49 for the stock.
The latest earnings results from Opera Ltd ADR (NASDAQ: OPRA) was released for Jun, 2023. The net profit margin was 16.39% and return on equity was 6.56% for OPRA. The company reported revenue of $94.19 million for the quarter, compared to $77.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.9 percent.
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 $0.39 dividend and a 3.46% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend.
Opera Ltd ADR(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.
