Opera Limited (NASDAQ:OPRA) Receives $24.80 Average Target Price from Brokerages

Opera Limited (NASDAQ:OPRA) has been given a consensus rating of “Buy” by the five ratings firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $24.80.

Separately, Piper Sandler started coverage on Opera in a report on Wednesday, February 5th. They set an “overweight” rating and a $25.00 price objective on the stock.

Opera Stock Down 1.7 %

OPRA stock opened at $17.51 on Friday. Opera has a 12 month low of $10.11 and a 12 month high of $22.50. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.55 billion, a P/E ratio of 8.89 and a beta of 1.12. The firm has a 50-day moving average price of $18.93 and a 200-day moving average price of $17.51.

Opera Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, January 6th were paid a $0.40 dividend. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, January 6th. Opera’s dividend payout ratio (DPR) is 85.71%.

Institutional Trading of Opera

Several institutional investors have recently made changes to their positions in the company. Marshall Wace LLP lifted its stake in Opera by 99.7% in the fourth quarter. Marshall Wace LLP now owns 1,460,201 shares of the company’s stock valued at $27,656,000 after purchasing an additional 729,001 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in Opera in the fourth quarter worth approximately $10,646,000. Tidal Investments LLC grew its stake in shares of Opera by 75.6% during the fourth quarter. Tidal Investments LLC now owns 1,176,565 shares of the company’s stock valued at $22,284,000 after buying an additional 506,425 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Opera in the fourth quarter worth $7,535,000. Finally, Portolan Capital Management LLC raised its position in Opera by 63.5% during the 3rd quarter. Portolan Capital Management LLC now owns 711,820 shares of the company’s stock valued at $10,998,000 after purchasing an additional 276,356 shares during the last quarter. Institutional investors own 10.21% of the company’s stock.

Opera Company Profile

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; 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.