G2 Investment Partners Management LLC Sells 35,411 Shares of Opera Limited (NASDAQ:OPRA)

G2 Investment Partners Management LLC lessened its holdings in Opera Limited (NASDAQ:OPRA - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 637,819 shares of the company's stock after selling 35,411 shares during the period. Opera comprises approximately 3.1% of G2 Investment Partners Management LLC's portfolio, making the stock its 7th biggest position. G2 Investment Partners Management LLC owned about 0.72% of Opera worth $12,080,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of OPRA. Driehaus Capital Management LLC purchased a new position in Opera during the 4th quarter valued at about $10,646,000. Cubist Systematic Strategies LLC grew its position in Opera by 24.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 257,024 shares of the company's stock valued at $4,868,000 after purchasing an additional 51,245 shares in the last quarter. BNP Paribas Financial Markets grew its position in Opera by 36.1% during the fourth quarter. BNP Paribas Financial Markets now owns 8,215 shares of the company's stock valued at $156,000 after purchasing an additional 2,181 shares in the last quarter. American Trust Investment Advisors LLC increased its stake in Opera by 1.6% in the 4th quarter. American Trust Investment Advisors LLC now owns 179,877 shares of the company's stock valued at $3,407,000 after buying an additional 2,780 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Opera in the 4th quarter worth approximately $322,000. Hedge funds and other institutional investors own 10.21% of the company's stock.

Analyst Ratings Changes

OPRA has been the topic of several research analyst reports. Piper Sandler began coverage on shares of Opera in a report on Wednesday, February 5th. They set an "overweight" rating and a $25.00 price target on the stock. The Goldman Sachs Group cut their price target on Opera from $26.00 to $22.50 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Lake Street Capital boosted their price target on Opera from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Opera currently has a consensus rating of "Buy" and a consensus target price of $24.90.

Opera Stock Up 0.1%

Opera stock traded up $0.01 during mid-day trading on Wednesday, hitting $18.52. 358,729 shares of the company's stock were exchanged, compared to its average volume of 566,880. Opera Limited has a 1-year low of $10.11 and a 1-year high of $22.50. The stock has a 50 day moving average of $16.32 and a two-hundred day moving average of $18.03. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.64 billion, a P/E ratio of 9.40 and a beta of 1.01.

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

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.