Richard P Slaughter Associates Inc lessened its stake in Opera Limited (NASDAQ:OPRA - Free Report) by 65.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,647 shares of the company's stock after selling 130,048 shares during the period. Richard P Slaughter Associates Inc owned about 0.08% of Opera worth $1,094,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Handelsbanken Fonder AB increased its holdings in Opera by 2.8% in the fourth quarter. Handelsbanken Fonder AB now owns 21,900 shares of the company's stock valued at $415,000 after purchasing an additional 600 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Opera by 74.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock worth $30,000 after acquiring an additional 674 shares during the period. Signaturefd LLC boosted its stake in Opera by 26.5% in the 4th quarter. Signaturefd LLC now owns 5,406 shares of the company's stock valued at $102,000 after purchasing an additional 1,134 shares during the period. US Bancorp DE boosted its stake in shares of Opera by 2,065.1% in the fourth quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $26,000 after buying an additional 1,301 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Opera by 229.7% during the 4th 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 during the period. Institutional investors own 10.21% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on OPRA. Wall Street Zen upgraded Opera from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Lake Street Capital increased their price target 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. Finally, The Goldman Sachs Group cut their target price on Opera from $26.00 to $22.50 and set a "buy" rating for the company in a research note on Monday, April 14th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Opera currently has a consensus rating of "Buy" and an average price target of $24.90.
Check Out Our Latest Stock Analysis on OPRA
Opera Stock Up 3.4%
Shares of OPRA traded up $0.63 during mid-day trading on Friday, hitting $18.98. 343,595 shares of the company traded hands, compared to its average volume of 562,434. Opera Limited has a 1-year low of $10.11 and a 1-year high of $22.50. The business has a 50 day moving average of $16.59 and a 200 day moving average of $18.02. 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 company has a market capitalization of $1.68 billion, a PE ratio of 9.63 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 earnings per share 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 firm had revenue of $142.72 million for the quarter, compared to analyst estimates of $132.48 million. During the same period in the previous year, the business posted $0.34 earnings per share. Equities research analysts anticipate that Opera Limited will post 0.81 EPS for the current year.
About Opera
(
Free Report)
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.
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