Opera (NASDAQ:OPRA) Now Covered by Piper Sandler

Stock analysts at Piper Sandler assumed coverage on shares of Opera (NASDAQ:OPRA) in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $25.00 price target on the stock. Piper Sandler’s price target points to a potential upside of 38.89% from the company’s current price.

Other analysts have also issued reports about the stock. Lake Street Capital upped their price target on shares of Opera from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Opera from $19.50 to $23.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. 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. Finally, B. Riley reissued a “buy” rating and set a $25.00 price objective (up previously from $24.00) on shares of Opera in a research note on Wednesday, October 30th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $24.80.

Opera Trading Up 1.2 %

Shares of OPRA opened at $18.00 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. Opera has a fifty-two week low of $10.11 and a fifty-two week high of $20.70. The firm has a 50 day moving average price of $18.75 and a 200-day moving average price of $16.40. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 9.14 and a beta of 1.04.

Institutional Investors Weigh In On Opera

Large investors have recently made changes to their positions in the business. Portolan Capital Management LLC lifted its stake in Opera by 63.5% in the third quarter. Portolan Capital Management LLC now owns 711,820 shares of the company’s stock worth $10,998,000 after acquiring an additional 276,356 shares during the period. Tidal Investments LLC boosted its stake in shares of Opera by 62.4% during the 3rd quarter. Tidal Investments LLC now owns 670,140 shares of the company’s stock valued at $10,354,000 after purchasing an additional 257,469 shares in the last quarter. Harvey Capital Management Inc. bought a new position in Opera in the third quarter worth about $2,420,000. Bank of New York Mellon Corp purchased a new stake in Opera in the fourth quarter worth about $1,985,000. Finally, Rockefeller Capital Management L.P. boosted its position in Opera by 44.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 275,034 shares of the company’s stock valued at $4,249,000 after acquiring an additional 84,001 shares in the last quarter. 10.21% of the stock is currently owned by institutional investors.

About Opera

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.