Opera (NASDAQ:OPRA) Receives New Coverage from Analysts at B. Riley

B. Riley assumed coverage on shares of Opera (NASDAQ:OPRA) in a report published on Wednesday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $14.50 price target on the stock. B. Riley also issued estimates for Opera’s Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.05 EPS, FY2019 earnings at $0.15 EPS, FY2020 earnings at $0.33 EPS and FY2021 earnings at $0.54 EPS.

NASDAQ OPRA opened at $11.40 on Wednesday. The firm has a market cap of $1.27 billion and a PE ratio of 29.69. Opera has a twelve month low of $5.31 and a twelve month high of $15.62. The business has a 50-day simple moving average of $10.50.

Opera (NASDAQ:OPRA) last released its quarterly earnings results on Wednesday, May 22nd. The company reported $0.06 earnings per share for the quarter. The company had revenue of $51.28 million during the quarter. Opera had a return on equity of 5.73% and a net margin of 18.24%. On average, research analysts forecast that Opera will post 0.15 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of OPRA. FIL Ltd increased its stake in Opera by 45.3% during the 1st quarter. FIL Ltd now owns 1,581,316 shares of the company’s stock worth $10,389,000 after buying an additional 493,011 shares in the last quarter. CSat Investment Advisory L.P. purchased a new stake in Opera during the 1st quarter worth approximately $1,795,000. Anchor Capital Advisors LLC increased its stake in Opera by 52.5% during the 1st quarter. Anchor Capital Advisors LLC now owns 54,530 shares of the company’s stock worth $358,000 after buying an additional 18,770 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Opera during the 4th quarter worth approximately $94,000. Finally, WT Asset Management Ltd purchased a new stake in Opera during the 1st quarter worth approximately $50,318,000. Institutional investors own 3.68% of the company’s stock.

About Opera

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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