Shares of Opera Limited (NASDAQ:OPRA – Get Rating) gapped down prior to trading on Tuesday . The stock had previously closed at $5.39, but opened at $5.19. Opera shares last traded at $4.67, with a volume of 1,100 shares traded.
Analysts Set New Price Targets
A number of analysts have weighed in on OPRA shares. Cowen increased their target price on Opera from $10.50 to $12.50 and gave the stock an “outperform” rating in a research note on Monday, October 31st. Cowen raised their price target on Opera from $10.50 to $12.50 and gave the company an “outperform” rating in a research note on Monday, October 31st. Citigroup cut their price target on Opera from $9.00 to $8.20 in a research note on Friday, October 28th. Finally, Lake Street Capital cut their price target on Opera from $17.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, August 31st.
Opera Price Performance
The business has a 50-day moving average of $4.53 and a two-hundred day moving average of $4.79. The company has a market cap of $596.66 million, a P/E ratio of -6.76 and a beta of 1.12.
Institutional Investors Weigh In On Opera
Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in Opera by 3,169.9% in the third quarter. US Bancorp DE now owns 5,755 shares of the company’s stock worth $25,000 after acquiring an additional 5,579 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Opera by 66.7% in the first quarter. JPMorgan Chase & Co. now owns 5,000 shares of the company’s stock valued at $30,000 after buying an additional 2,000 shares in the last quarter. Calton & Associates Inc. purchased a new stake in shares of Opera in the third quarter valued at approximately $48,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Opera by 36.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,987 shares of the company’s stock worth $118,000 after acquiring an additional 5,355 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Opera by 61.2% in the third quarter. BlackRock Inc. now owns 37,936 shares of the company’s stock worth $165,000 after acquiring an additional 14,406 shares during the last quarter. Institutional investors own 6.40% of the company’s stock.
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; and Opera News, an AI-powered personalized news discovery and aggregation service.
- Get a free copy of the StockNews.com research report on Opera (OPRA)
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Institutional Support for Analog Devices Remains High
- Is the 60/40 Portfolio Mix Still in Vogue?
- Microsoft Shares: Is it Time to Back Up the Truck?
- Three CBD Stocks to Dominate a Budding Industry
Receive News & Ratings for Opera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Opera and related companies with MarketBeat.com's FREE daily email newsletter.