67,700 Shares in Opera Limited (NASDAQ:OPRA) Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Opera Limited (NASDAQ:OPRA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 67,700 shares of the company's stock, valued at approximately $1,077,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.08% of Opera at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in Opera by 2,065.1% during 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 in the last quarter. Jones Financial Companies Lllp grew 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 buying an additional 674 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Opera by 229.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock worth $42,000 after acquiring an additional 1,548 shares in the last quarter. Point72 Hong Kong Ltd lifted its holdings 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 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 bought a new stake in shares of Opera during the fourth quarter worth about $81,000. 10.21% of the stock is owned by institutional investors and hedge funds.

Opera Stock Performance

OPRA stock traded up $0.06 during midday trading on Tuesday, hitting $18.97. The company's stock had a trading volume of 268,626 shares, compared to its average volume of 559,833. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 9.63 and a beta of 1.01. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The stock's 50-day moving average price is $16.64 and its 200 day moving average price is $18.00. 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 posted its quarterly earnings results on Monday, April 28th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $142.72 million during the quarter, compared to analyst estimates of $132.48 million. Opera had a net margin of 39.22% and a return on equity of 19.22%. During the same quarter in the prior year, the business earned $0.34 earnings per share. On average, equities analysts forecast that Opera Limited will post 0.81 EPS for the current year.

Analysts Set New Price Targets

OPRA has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on Opera from $26.00 to $22.50 and set a "buy" rating on the stock in a research report on Monday, April 14th. Lake Street Capital upped their target price on shares of Opera from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Wall Street Zen upgraded shares of Opera from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price 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.