Opera Ltd (NASDAQ:OPRA) shares saw an uptick in trading volume on Wednesday . 1,609,285 shares traded hands during mid-day trading, an increase of 267% from the previous session’s volume of 438,860 shares.The stock last traded at $9.02 and had previously closed at $8.66.

A number of research firms recently weighed in on OPRA. Zacks Investment Research upgraded Opera from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a report on Thursday. B. Riley restated a “buy” rating and issued a $20.00 price objective on shares of Opera in a report on Friday, November 15th. ValuEngine upgraded Opera from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Lake Street Capital began coverage on Opera in a report on Wednesday, October 2nd. They issued a “buy” rating and a $19.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Opera currently has an average rating of “Buy” and an average price target of $15.69.

The firm has a market capitalization of $950.22 million, a price-to-earnings ratio of 17.64 and a beta of 1.76. The stock has a fifty day moving average of $9.27 and a two-hundred day moving average of $10.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.28 and a quick ratio of 4.25.

Opera (NASDAQ:OPRA) last posted its quarterly earnings data on Thursday, November 14th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.21. The business had revenue of $93.68 million during the quarter, compared to the consensus estimate of $80.13 million. Opera had a return on equity of 6.53% and a net margin of 18.82%. On average, research analysts forecast that Opera Ltd will post 0.46 EPS for the current year.

A number of institutional investors have recently modified their holdings of OPRA. A.R.T. Advisors LLC acquired a new stake in Opera during the 2nd quarter worth about $118,000. Nomura Holdings Inc. acquired a new stake in Opera during the 2nd quarter worth about $496,000. Citadel Advisors LLC grew its holdings in Opera by 80.7% during the 2nd quarter. Citadel Advisors LLC now owns 83,175 shares of the company’s stock worth $868,000 after acquiring an additional 37,152 shares during the period. CSat Investment Advisory L.P. grew its holdings in Opera by 12.8% during the 2nd quarter. CSat Investment Advisory L.P. now owns 308,245 shares of the company’s stock worth $3,218,000 after acquiring an additional 35,056 shares during the period. Finally, Toroso Investments LLC grew its holdings in Opera by 12.8% during the 2nd quarter. Toroso Investments LLC now owns 308,245 shares of the company’s stock worth $3,218,000 after acquiring an additional 35,056 shares during the period. Hedge funds and other institutional investors own 10.82% of the company’s stock.

Opera Company Profile (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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