Opera Limited (NASDAQ:OPRA) Stake Lowered by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc decreased its position in Opera Limited (NASDAQ:OPRA - Free Report) by 65.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,647 shares of the company's stock after selling 130,048 shares during the quarter. Richard P Slaughter Associates Inc owned approximately 0.08% of Opera worth $1,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OPRA. US Bancorp DE boosted its position in shares of Opera by 2,065.1% in the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock worth $26,000 after purchasing an additional 1,301 shares in the last quarter. Jones Financial Companies Lllp raised its position 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 worth $30,000 after purchasing an additional 674 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 1,548 shares in the last quarter. Point72 Hong Kong Ltd increased its stake in Opera by 457.1% during the 4th quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company's stock valued at $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 purchased a new stake in shares of Opera during the fourth quarter valued at approximately $81,000. Hedge funds and other institutional investors own 10.21% of the company's stock.

Opera Stock Performance

NASDAQ:OPRA traded down $0.31 during trading hours on Thursday, reaching $18.32. 403,239 shares of the company's stock were exchanged, compared to its average volume of 562,417. The company has a 50-day moving average of $16.49 and a 200 day moving average of $18.04. Opera Limited has a 1-year low of $10.11 and a 1-year high of $22.50. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 9.30 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.

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

Analyst Upgrades and Downgrades

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