Opera (NASDAQ:OPRA) Shares Up 7%
Opera Ltd (NASDAQ:OPRA) shot up 7% during mid-day trading on Monday . The stock traded as high as $10.54 and last traded at $10.43, 243,500 shares traded hands during trading. An increase of 41% from the average session volume of 172,529 shares. The stock had previously closed at $9.75.
Several research firms have issued reports on OPRA. B. Riley set a $19.00 price target on shares of Opera and gave the stock a “buy” rating in a research report on Friday, August 23rd. ValuEngine downgraded shares of Opera from a “sell” rating to a “strong sell” rating in a report on Saturday. Citigroup set a $14.00 price objective on shares of Opera and gave the company a “buy” rating in a report on Friday, August 23rd. Lake Street Capital assumed coverage on shares of Opera in a report on Wednesday, October 2nd. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Opera from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $16.75.
The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 26.08 and a beta of 1.91. The company’s fifty day simple moving average is $11.28 and its 200 day simple moving average is $10.46. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 0.01.
Large investors have recently added to or reduced their stakes in the business. WT Asset Management Ltd acquired a new position in shares of Opera in the first quarter valued at about $50,318,000. Cim LLC grew its stake in shares of Opera by 25.7% in the third quarter. Cim LLC now owns 16,485 shares of the company’s stock valued at $166,000 after acquiring an additional 3,370 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Opera in the second quarter valued at about $118,000. Henry James International Management Inc. acquired a new position in shares of Opera in the third quarter valued at about $181,000. Finally, CSat Investment Advisory L.P. grew its stake in shares of Opera by 12.8% in the second quarter. CSat Investment Advisory L.P. now owns 308,245 shares of the company’s stock valued at $3,218,000 after acquiring an additional 35,056 shares in the last quarter. Hedge funds and other institutional investors own 4.54% of the company’s stock.
About Opera (NASDAQ:OPRA)
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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