Aquatic Capital Management LLC lowered its position in Opera Limited (NASDAQ:OPRA - Free Report) by 63.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,953 shares of the company's stock after selling 27,347 shares during the period. Aquatic Capital Management LLC's holdings in Opera were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of OPRA. US Bancorp DE increased its stake in shares of Opera by 2,065.1% in 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 period. Jones Financial Companies Lllp grew its position in Opera by 74.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock worth $30,000 after purchasing an additional 674 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Opera by 229.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock valued at $42,000 after buying an additional 1,548 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Opera by 66.3% in the 4th quarter. GAMMA Investing LLC now owns 3,430 shares of the company's stock valued at $65,000 after buying an additional 1,368 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Opera during the fourth quarter worth about $81,000. 10.21% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
OPRA has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price target on Opera from $26.00 to $22.50 and set a "buy" rating for the company in a report on Monday, April 14th. Lake Street Capital increased their price target on shares of Opera from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Piper Sandler initiated coverage on shares of Opera in a research report on Wednesday, February 5th. They set an "overweight" rating and a $25.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Opera presently has a consensus rating of "Buy" and an average target price of $24.90.
Get Our Latest Research Report on OPRA
Opera Price Performance
Opera stock opened at $17.47 on Friday. The stock has a market capitalization of $1.55 billion, a P/E ratio of 8.87 and a beta of 1.01. The company's fifty day moving average price is $16.40 and its 200 day moving average price is $17.95. 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 1 year low of $10.11 and a 1 year high of $22.50.
Opera (NASDAQ:OPRA - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. Opera had a net margin of 39.22% and a return on equity of 19.22%. The business had revenue of $142.72 million for the quarter, compared to analyst estimates of $132.48 million. During the same quarter last year, the business earned $0.34 earnings per share. As a group, equities research analysts anticipate that Opera Limited will post 0.81 earnings per share for the current fiscal year.
About Opera
(
Free Report)
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.
Further Reading
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