Mar. 18 at 5:54 PM
$OPRA The Valuation Case:
1) forward PE of ~10.4x, PEG of ~0.56, EV/EBITDA of ~11.2x, and essentially 0 debt with ~155M cash on the balance sheet.
2) Current PE below ~13x
3) Catalyst: the board authorize 300M share repurchase over two years. For a 1.3B marketcap company to authorize a buy back of this sort is highly aggressive.
5) TD Cowen PT is
$33.. Average street PT is over
$25
