Cubist Systematic Strategies LLC Sells 140,403 Shares of Opera Limited Sponsored ADR $OPRA

Cubist Systematic Strategies LLC reduced its holdings in Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) by 54.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,621 shares of the company's stock after selling 140,403 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.13% of Opera worth $1,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cetera Investment Advisers grew its stake in shares of Opera by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 30,116 shares of the company's stock worth $480,000 after buying an additional 1,535 shares in the last quarter. Tower Research Capital LLC TRC grew 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 worth $42,000 after buying an additional 1,548 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Opera by 11.0% in the 4th quarter. Vident Advisory LLC now owns 16,056 shares of the company's stock worth $304,000 after buying an additional 1,596 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Opera by 36.1% in the 4th quarter. BNP Paribas Financial Markets now owns 8,215 shares of the company's stock worth $156,000 after buying an additional 2,181 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Opera by 2.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 108,571 shares of the company's stock worth $1,731,000 after acquiring an additional 2,698 shares during the last quarter. 10.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OPRA shares. Wall Street Zen lowered shares of Opera from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Zacks Research lowered shares of Opera from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 3rd. Finally, Wedbush restated an "outperform" rating on shares of Opera in a report on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.90.

Opera Trading Up 1.4%

OPRA traded up $0.28 on Friday, reaching $19.67. 449,197 shares of the company traded hands, compared to its average volume of 1,068,425. Opera Limited Sponsored ADR has a one year low of $12.83 and a one year high of $22.50. The firm has a fifty day simple moving average of $17.30 and a two-hundred day simple moving average of $17.32. The company has a market cap of $1.76 billion, a P/E ratio of 22.10 and a beta of 1.03. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.01.

Opera (NASDAQ:OPRA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). Opera had a net margin of 14.53% and a return on equity of 8.85%. The company had revenue of $142.96 million for the quarter, compared to the consensus estimate of $137.44 million. During the same quarter in the previous year, the business earned $0.44 EPS. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Opera Limited Sponsored ADR will post 0.81 earnings per share for the current year.

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.