JT Stratford LLC Has $2.02 Million Stock Position in Opera Limited (NASDAQ:OPRA)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings 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 buying an additional 1,301 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of 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 in the last quarter. Tower Research Capital LLC TRC grew its holdings 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 worth $42,000 after purchasing an additional 1,548 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings in shares of Opera by 457.1% during the 4th quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company's stock worth $74,000 after purchasing an additional 3,200 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Opera during the 4th quarter worth approximately $81,000. Institutional investors and hedge funds own 10.21% of the company's stock.

Opera Price Performance

Shares of OPRA stock opened at $17.91 on Thursday. The stock's fifty day simple moving average is $16.43 and its 200 day simple moving average is $18.04. 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 has a market cap of $1.58 billion, a price-to-earnings ratio of 9.09 and a beta of 1.01. Opera Limited has a one year low of $10.11 and a one year high of $22.50.

Opera (NASDAQ:OPRA - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.27 EPS for the quarter, beating 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 business had revenue of $142.72 million for the quarter, compared to analyst estimates of $132.48 million. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, analysts expect that Opera Limited will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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