Zacks Investment Research downgraded shares of Opera (NASDAQ:OPRA) from a buy rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.

According to Zacks, “Opera Limited provides web browsers, Opera News, an AI-driven content discovery platform. Opera Limited is based in OSLO, Norway. “

A number of other equities analysts have also weighed in on OPRA. TheStreet lowered shares of Opera from a c- rating to a d rating in a report on Wednesday, January 29th. BidaskClub upgraded shares of Opera from a sell rating to a hold rating in a report on Wednesday. B. Riley reduced their target price on shares of Opera from $15.00 to $11.00 and set a buy rating on the stock in a report on Thursday, May 14th. ValuEngine upgraded shares of Opera from a sell rating to a hold rating in a report on Friday, April 17th. Finally, Lake Street Capital reduced their target price on shares of Opera from $21.00 to $15.00 and set a buy rating on the stock in a report on Friday, April 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $12.05.

Shares of OPRA traded down $0.12 during mid-day trading on Wednesday, reaching $6.06. The company had a trading volume of 197,119 shares, compared to its average volume of 331,039. The stock has a market cap of $678.10 million, a price-to-earnings ratio of 17.66 and a beta of 1.46. The firm has a fifty day simple moving average of $5.35 and a 200-day simple moving average of $7.50. Opera has a fifty-two week low of $4.60 and a fifty-two week high of $14.94. The company has a current ratio of 3.25, a quick ratio of 3.19 and a debt-to-equity ratio of 0.01.

Opera (NASDAQ:OPRA) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.02). The company had revenue of $138.22 million during the quarter, compared to analyst estimates of $135.04 million. Opera had a net margin of 7.72% and a return on equity of 4.54%. As a group, equities analysts predict that Opera will post 0.04 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Trustcore Financial Services LLC increased its stake in Opera by 14.9% during the 4th quarter. Trustcore Financial Services LLC now owns 13,100 shares of the company’s stock worth $121,000 after buying an additional 1,700 shares during the period. Marshall Wace North America L.P. increased its stake in Opera by 34.4% during the 4th quarter. Marshall Wace North America L.P. now owns 148,031 shares of the company’s stock worth $1,370,000 after buying an additional 37,877 shares during the period. Cubist Systematic Strategies LLC increased its stake in Opera by 22.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 13,913 shares of the company’s stock worth $129,000 after buying an additional 2,509 shares during the period. Genesis Investment Management LLP increased its stake in Opera by 24.5% during the 4th quarter. Genesis Investment Management LLP now owns 6,204,432 shares of the company’s stock worth $57,391,000 after buying an additional 1,219,931 shares during the period. Finally, State Street Corp purchased a new stake in Opera during the 4th quarter worth $211,000. 10.23% of the stock is currently owned by hedge funds and other institutional investors.

Opera Company Profile

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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