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Fintel reports that on June 1, 2023, TD Cowen maintained coverage of Opera Ltd – ADR (NASDAQ:OPRA) with a Outperform recommendation.
Analyst Price Forecast Suggests 7.66% Downside
As of May 11, 2023, the average one-year price target for Opera Ltd – ADR is 14.54. The forecasts range from a low of 13.13 to a high of $16.80. The average price target represents a decrease of 7.66% from its latest reported closing price of 15.74.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Opera Ltd – ADR is 387MM, an increase of 11.66%. The projected annual non-GAAP EPS is 0.66.
What is the Fund Sentiment?
There are 61 funds or institutions reporting positions in Opera Ltd – ADR. This is an increase of 18 owner(s) or 41.86% in the last quarter. Average portfolio weight of all funds dedicated to OPRA is 0.33%, an increase of 92.70%. Total shares owned by institutions decreased in the last three months by 6.81% to 6,045K shares. The put/call ratio of OPRA is 0.67, indicating a bullish outlook.
What are Other Shareholders Doing?
Greenhouse Funds LLLP holds 2,206K shares. No change in the last quarter.
RAMSX – Roumell Opportunistic Value Fund Institutional Class holds 685K shares. In it’s prior filing, the firm reported owning 895K shares, representing a decrease of 30.65%. The firm increased its portfolio allocation in OPRA by 16.67% over the last quarter.
Roumell Asset Management holds 625K shares. In it’s prior filing, the firm reported owning 895K shares, representing a decrease of 43.19%. The firm increased its portfolio allocation in OPRA by 3.27% over the last quarter.
J. Goldman & Co holds 334K shares. In it’s prior filing, the firm reported owning 1,123K shares, representing a decrease of 235.75%. The firm decreased its portfolio allocation in OPRA by 60.31% over the last quarter.
Arrowstreet Capital, Limited Partnership holds 268K shares. In it’s prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Opera Background Information
(This description is provided by the company.)
Founded in 1995 in Norway, Opera delivers browsers and AI-driven digital content discovery solutions to more than 380 million MAUs worldwide. The quickly growing company remains one of the most innovative browser creators in the world.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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