Opera (NASDAQ:OPRA) PT Lowered to $15.00

Opera (NASDAQ:OPRA) had its price target lowered by B. Riley from $17.00 to $15.00 in a research report sent to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on OPRA. ValuEngine raised shares of Opera from a sell rating to a hold rating in a report on Tuesday, March 10th. BidaskClub raised shares of Opera from a sell rating to a hold rating in a report on Tuesday, March 3rd. Zacks Investment Research raised shares of Opera from a hold rating to a strong-buy rating and set a $9.25 target price for the company in a report on Tuesday, March 3rd. Finally, TheStreet lowered shares of Opera from a c- rating to a d rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Opera presently has a consensus rating of Buy and a consensus price target of $14.31.

Opera stock traded up $0.26 during midday trading on Monday, hitting $5.53. The stock had a trading volume of 219,750 shares, compared to its average volume of 617,212. The firm’s fifty day moving average is $6.80 and its two-hundred day moving average is $9.01. The company has a market capitalization of $563.99 million, a PE ratio of 10.84 and a beta of 1.33. Opera has a 52-week low of $4.75 and a 52-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 released its earnings results on Tuesday, February 25th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. The company had revenue of $129.61 million during the quarter, compared to analyst estimates of $100.11 million. Opera had a net margin of 17.51% and a return on equity of 7.55%. As a group, equities research analysts predict that Opera will post 0.45 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in OPRA. Malaga Cove Capital LLC purchased a new stake in Opera during the 4th quarter valued at approximately $111,000. Trustcore Financial Services LLC grew its holdings in Opera by 14.9% during the 4th quarter. Trustcore Financial Services LLC now owns 13,100 shares of the company’s stock valued at $121,000 after buying an additional 1,700 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Opera by 22.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 13,913 shares of the company’s stock valued at $129,000 after buying an additional 2,509 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Opera during the 4th quarter valued at approximately $139,000. Finally, Ellington Management Group LLC purchased a new stake in Opera during the 4th quarter valued at approximately $143,000. 10.88% of the stock is owned by institutional investors and hedge funds.

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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