Cubist Systematic Strategies LLC Has $4.87 Million Position in Opera Limited (NASDAQ:OPRA)

Cubist Systematic Strategies LLC boosted its position in Opera Limited (NASDAQ:OPRA - Free Report) by 24.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 257,024 shares of the company's stock after purchasing an additional 51,245 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.29% of Opera worth $4,868,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in OPRA. US Bancorp DE boosted its stake in Opera by 2,065.1% in the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $26,000 after purchasing an additional 1,301 shares during the period. Jones Financial Companies Lllp boosted its stake in Opera by 74.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock valued at $30,000 after purchasing an additional 674 shares during the period. Tower Research Capital LLC TRC boosted its stake in Opera by 229.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock valued at $42,000 after purchasing an additional 1,548 shares during the period. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 1,368 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Opera in the 4th quarter valued at $81,000. 10.21% of the stock is currently owned by institutional investors.

Opera Price Performance

Shares of NASDAQ:OPRA traded down $0.23 during trading on Thursday, reaching $18.31. 194,638 shares of the company traded hands, compared to its average volume of 565,977. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. Opera Limited has a 52 week low of $10.11 and a 52 week high of $22.50. The firm has a market capitalization of $1.62 billion, a PE ratio of 9.31 and a beta of 1.01. The company's 50 day moving average is $16.36 and its two-hundred day moving average is $18.04.

Opera (NASDAQ:OPRA - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $142.72 million during the quarter, compared to analysts' expectations of $132.48 million. During the same quarter in the previous year, the firm earned $0.34 EPS. As a group, sell-side analysts predict that Opera Limited will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on OPRA shares. Lake Street Capital upped their target price on Opera from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. The Goldman Sachs Group cut their target price on 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 started coverage on Opera in a research report on Wednesday, February 5th. They set an "overweight" rating and a $25.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $24.90.

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.