Raymond James Financial Inc. Purchases Shares of 86,259 Opera Limited (NASDAQ:OPRA)

Raymond James Financial Inc. bought a new position in shares of Opera Limited (NASDAQ:OPRA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 86,259 shares of the company's stock, valued at approximately $1,634,000. Raymond James Financial Inc. owned 0.10% of Opera as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of OPRA. US Bancorp DE grew its position in shares of Opera by 2,065.1% during the fourth quarter. US Bancorp DE now owns 1,364 shares of the company's stock worth $26,000 after acquiring an additional 1,301 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Opera by 74.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock valued at $30,000 after buying an additional 674 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Opera by 66.3% during the fourth quarter. GAMMA Investing LLC now owns 3,430 shares of the company's stock worth $65,000 after buying an additional 1,368 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Opera in the 4th quarter worth approximately $81,000. Finally, Signaturefd LLC increased its position in Opera by 26.5% in the 4th quarter. Signaturefd LLC now owns 5,406 shares of the company's stock valued at $102,000 after acquiring an additional 1,134 shares during the period. Institutional investors own 10.21% of the company's stock.

Opera Stock Up 1.0 %

Shares of NASDAQ:OPRA traded up $0.17 during midday trading on Thursday, hitting $17.51. 43,620 shares of the stock were exchanged, compared to its average volume of 564,335. The business's fifty day simple moving average is $16.34 and its two-hundred day simple moving average is $17.97. 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 Limited has a 52-week low of $10.11 and a 52-week high of $22.50. The company has a market capitalization of $1.55 billion, a PE ratio of 8.89 and a beta of 1.01.

Opera (NASDAQ:OPRA - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $142.72 million for the quarter, compared to analyst estimates of $132.48 million. Opera had a return on equity of 19.22% and a net margin of 39.22%. During the same period last year, the company earned $0.34 earnings per share. As a group, research analysts predict that Opera Limited will post 0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OPRA has been the subject of a number of research analyst reports. Lake Street Capital upped their price target on shares of Opera from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Piper Sandler initiated coverage on Opera in a research note on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their target price on Opera from $26.00 to $22.50 and set a "buy" rating for the company in a research note on Monday, April 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $24.90.

Opera Profile

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.