JT Stratford LLC Grows Position in Opera Limited (NASDAQ:OPRA)

JT Stratford LLC grew its holdings in Opera Limited (NASDAQ:OPRA - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 106,890 shares of the company's stock after buying an additional 14,207 shares during the quarter. JT Stratford LLC owned approximately 0.12% of Opera worth $2,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OPRA. US Bancorp DE lifted its stake in shares of 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 lifted its stake in shares of 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 lifted its stake in shares of 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. Point72 Hong Kong Ltd lifted its stake in shares of Opera by 457.1% in the 4th quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company's stock valued at $74,000 after purchasing an additional 3,200 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Opera in the 4th quarter valued at approximately $81,000. Hedge funds and other institutional investors own 10.21% of the company's stock.

Analyst Ratings Changes

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

Opera Stock Up 2.5%

Shares of Opera stock traded up $0.44 on Tuesday, reaching $17.81. The company's stock had a trading volume of 188,459 shares, compared to its average volume of 565,352. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 9.05 and a beta of 1.01. The firm's fifty day simple moving average is $16.41 and its two-hundred day simple moving average is $18.04. Opera Limited has a 52 week low of $10.11 and a 52 week high of $22.50. 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 (NASDAQ:OPRA - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.27 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $132.48 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. Equities analysts anticipate that Opera Limited will post 0.81 earnings per share for the current 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.