Piper Sandler Begins Coverage on Opera (NASDAQ:OPRA)

Piper Sandler began coverage on shares of Opera (NASDAQ:OPRA) in a research report sent to investors on Wednesday, MarketBeat reports. The firm issued an overweight rating and a $25.00 price objective on the stock.

Several other equities research analysts have also issued reports on OPRA. TD Cowen lifted their price target on Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. B. Riley reaffirmed a “buy” rating and set a $25.00 price target (up previously from $24.00) on shares of Opera in a research note on Wednesday, October 30th. Lake Street Capital lifted their price target on Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price target on Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Opera currently has an average rating of “Buy” and a consensus target price of $24.80.

Opera Trading Up 4.5 %

Shares of OPRA stock opened at $20.48 on Wednesday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $18.76 and a two-hundred day moving average price of $16.45. Opera has a 12-month low of $10.11 and a 12-month high of $20.70. The firm has a market cap of $1.81 billion, a P/E ratio of 10.40 and a beta of 1.04.

Opera Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, January 6th were paid a $0.40 dividend. This represents a dividend yield of 3.9%. The ex-dividend date was Monday, January 6th. Opera’s dividend payout ratio (DPR) is presently 39.59%.

Institutional Investors Weigh In On Opera

A number of hedge funds and other institutional investors have recently modified their holdings of OPRA. US Bancorp DE increased its holdings in Opera by 2,065.1% during the 4th quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $26,000 after purchasing an additional 1,301 shares during the period. Jones Financial Companies Lllp increased its holdings in Opera by 74.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock valued at $30,000 after purchasing an additional 674 shares during the period. GAMMA Investing LLC increased its holdings in Opera by 135.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock valued at $32,000 after purchasing an additional 1,186 shares during the period. Larson Financial Group LLC purchased a new position in Opera during the 3rd quarter valued at about $61,000. Finally, Blue Trust Inc. increased its holdings in Opera by 334.7% during the 3rd quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock valued at $65,000 after purchasing an additional 3,216 shares during the period. 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.