18,724 Shares in Opera Limited (NASDAQ:OPRA) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp acquired a new stake in Opera Limited (NASDAQ:OPRA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 18,724 shares of the company's stock, valued at approximately $355,000.

A number of other institutional investors also recently made changes to their positions in OPRA. Blue Trust Inc. boosted its stake in shares of Opera by 56.6% in the 4th quarter. Blue Trust Inc. now owns 6,543 shares of the company's stock valued at $124,000 after purchasing an additional 2,366 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new stake in Opera in the 4th quarter worth $1,061,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Opera in the 4th quarter worth $81,000. Atria Wealth Solutions Inc. grew its holdings in Opera by 17.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,100 shares of the company's stock worth $229,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Opera by 2.8% in the 4th quarter. Handelsbanken Fonder AB now owns 21,900 shares of the company's stock worth $415,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 10.21% of the company's stock.

Opera Price Performance

Shares of OPRA stock traded down $0.31 on Thursday, hitting $18.32. 403,239 shares of the stock traded hands, compared to its average volume of 563,289. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. Opera Limited has a 52 week low of $10.11 and a 52 week high of $22.50. The firm has a 50 day simple moving average of $16.54 and a two-hundred day simple moving average of $18.04. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 9.30 and a beta of 1.01.

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, beating analysts' consensus estimates of $0.26 by $0.01. The business had revenue of $142.72 million for the quarter, compared to analysts' expectations of $132.48 million. Opera had a return on equity of 19.22% and a net margin of 39.22%. During the same period last year, the firm earned $0.34 earnings per share. As a group, equities research analysts predict that Opera Limited will post 0.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Piper Sandler assumed coverage on shares of Opera in a research report on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 target price for the company. The Goldman Sachs Group reduced their price objective on shares of Opera from $26.00 to $22.50 and set a "buy" rating for the company in a research note on Monday, April 14th. Wall Street Zen upgraded shares of Opera from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Lake Street Capital lifted their price target 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target 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.