Caxton Associates LP Sells 33,777 Shares of Opera Limited (NASDAQ:OPRA)

Caxton Associates LP trimmed its position in shares of Opera Limited (NASDAQ:OPRA - Free Report) by 66.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,915 shares of the company's stock after selling 33,777 shares during the quarter. Caxton Associates LP's holdings in Opera were worth $320,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OPRA. GAMMA Investing LLC boosted its position in 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 purchasing an additional 1,368 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Opera by 20.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 105,873 shares of the company's stock worth $2,005,000 after purchasing an additional 17,865 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Opera during the fourth quarter valued at approximately $530,000. Blue Trust Inc. raised its stake in Opera by 56.6% in the fourth quarter. Blue Trust Inc. now owns 6,543 shares of the company's stock worth $124,000 after buying an additional 2,366 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. purchased a new position in Opera during the fourth quarter valued at $1,061,000. 10.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on OPRA. Lake Street Capital boosted their price objective on shares of Opera from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. The Goldman Sachs Group lowered their price objective on shares of Opera from $26.00 to $22.50 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Piper Sandler began coverage on Opera in a research note on Wednesday, February 5th. They set an "overweight" rating and a $25.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Opera has an average rating of "Buy" and an average price target of $24.90.

Opera Price Performance

Shares of NASDAQ OPRA traded up $0.12 during trading on Tuesday, hitting $18.10. 107,407 shares of the company were exchanged, compared to its average volume of 566,391. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 9.19 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The firm's fifty day moving average price is $16.32 and its 200 day moving average price is $18.03. 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 released its quarterly earnings data on Monday, April 28th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. Opera had a return on equity of 19.22% and a net margin of 39.22%. The business had revenue of $142.72 million during the quarter, compared to the consensus estimate of $132.48 million. During the same period in the prior year, the firm posted $0.34 EPS. On average, sell-side analysts expect that Opera Limited will post 0.81 earnings per share for the current fiscal year.

Opera Company 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.