Opera (NASDAQ:OPRA) Posts Earnings Results, Beats Estimates By $0.05 EPS

Opera (NASDAQ:OPRA) released its quarterly earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05, Morningstar.com reports. Opera had a net margin of 18.24% and a return on equity of 5.73%. Opera updated its Q3 2019 guidance to EPS and its FY 2019 guidance to EPS.

OPRA opened at $12.75 on Friday. The company’s 50-day moving average is $10.63 and its 200 day moving average is $9.34. Opera has a fifty-two week low of $5.31 and a fifty-two week high of $14.20. The firm has a market capitalization of $1.21 billion and a P/E ratio of 31.88.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toroso Investments LLC lifted its position in shares of Opera by 12.8% during the second quarter. Toroso Investments LLC now owns 308,245 shares of the company’s stock valued at $3,218,000 after purchasing an additional 35,056 shares in the last quarter. CSat Investment Advisory L.P. raised its position in Opera by 12.8% in the second quarter. CSat Investment Advisory L.P. now owns 308,245 shares of the company’s stock worth $3,218,000 after acquiring an additional 35,056 shares during the period. Citadel Advisors LLC raised its position in Opera by 80.7% in the second quarter. Citadel Advisors LLC now owns 83,175 shares of the company’s stock worth $868,000 after acquiring an additional 37,152 shares during the period. Nomura Holdings Inc. bought a new stake in Opera in the second quarter worth about $496,000. Finally, A.R.T. Advisors LLC bought a new stake in Opera in the second quarter worth about $118,000. 4.07% of the stock is currently owned by institutional investors.

Separately, B. Riley assumed coverage on shares of Opera in a research report on Wednesday, July 17th. They set a “buy” rating and a $14.50 price target on the 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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Earnings History for Opera (NASDAQ:OPRA)

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