Two Sigma Investments LP Sells 56,016 Shares of Opera Limited (NASDAQ:OPRA)

Two Sigma Investments LP lessened its position in Opera Limited (NASDAQ:OPRA - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 343,784 shares of the company's stock after selling 56,016 shares during the period. Two Sigma Investments LP owned approximately 0.39% of Opera worth $6,511,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP grew its position in Opera by 99.7% in the 4th quarter. Marshall Wace LLP now owns 1,460,201 shares of the company's stock worth $27,656,000 after purchasing an additional 729,001 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Opera by 75.6% during the fourth quarter. Tidal Investments LLC now owns 1,176,565 shares of the company's stock worth $22,284,000 after buying an additional 506,425 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Opera by 7.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 931,594 shares of the company's stock worth $17,644,000 after buying an additional 61,051 shares in the last quarter. Portolan Capital Management LLC raised its position in shares of Opera by 5.1% during the fourth quarter. Portolan Capital Management LLC now owns 748,349 shares of the company's stock worth $14,174,000 after purchasing an additional 36,529 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Opera during the fourth quarter valued at $10,646,000. 10.21% of the stock is currently owned by institutional investors.

Opera Stock Up 1.8%

Shares of NASDAQ OPRA traded up $0.32 during mid-day trading on Friday, reaching $18.37. The company had a trading volume of 294,222 shares, compared to its average volume of 561,762. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 9.31 and a beta of 1.01. The stock has a fifty day moving average of $16.41 and a two-hundred day moving average of $18.04. Opera Limited has a 12-month low of $10.11 and a 12-month high of $22.50.

Opera (NASDAQ:OPRA - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. Opera had a net margin of 39.22% and a return on equity of 19.22%. The company had revenue of $142.72 million during the quarter, compared to the consensus estimate of $132.48 million. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, equities research analysts expect that Opera Limited will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

OPRA has been the topic of a number of analyst reports. Wall Street Zen raised Opera from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Lake Street Capital lifted their target price on shares of Opera from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. The Goldman Sachs Group cut their price target on shares of Opera from $26.00 to $22.50 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Piper Sandler began coverage on shares of Opera in a research note on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus 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.