G2 Investment Partners Management LLC Has $12.08 Million Stock Holdings in Opera Limited (NASDAQ:OPRA)

G2 Investment Partners Management LLC lowered its stake in Opera Limited (NASDAQ:OPRA - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 637,819 shares of the company's stock after selling 35,411 shares during the quarter. Opera makes up approximately 3.1% of G2 Investment Partners Management LLC's investment portfolio, making the stock its 7th largest position. G2 Investment Partners Management LLC owned approximately 0.72% of Opera worth $12,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of OPRA. Handelsbanken Fonder AB grew its stake 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 in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Opera by 74.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock valued at $30,000 after buying an additional 674 shares in the last quarter. Signaturefd LLC increased its holdings in Opera by 26.5% during the fourth quarter. Signaturefd LLC now owns 5,406 shares of the company's stock worth $102,000 after buying an additional 1,134 shares during the last quarter. US Bancorp DE raised its position in Opera by 2,065.1% during the fourth quarter. US Bancorp DE now owns 1,364 shares of the company's stock worth $26,000 after acquiring an additional 1,301 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Opera by 66.3% during the fourth quarter. GAMMA Investing LLC now owns 3,430 shares of the company's stock worth $65,000 after acquiring an additional 1,368 shares in the last quarter. Institutional investors own 10.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OPRA. The Goldman Sachs Group decreased their price objective on shares of Opera from $26.00 to $22.50 and set a "buy" rating for the company in a research report on Monday, April 14th. Piper Sandler began coverage on Opera in a report on Wednesday, February 5th. They set an "overweight" rating and a $25.00 price target for the company. Finally, Lake Street Capital upped their price objective on Opera from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Opera presently has an average rating of "Buy" and a consensus price target of $24.90.

Opera Stock Performance

Shares of OPRA traded down $0.18 during trading hours on Friday, hitting $16.98. The company had a trading volume of 344,102 shares, compared to its average volume of 565,631. The business has a fifty day moving average of $16.32 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 firm has a market cap of $1.50 billion, a price-to-earnings ratio of 8.62 and a beta of 1.01. 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 quarterly earnings results on Monday, April 28th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $142.72 million for the quarter, compared to analysts' expectations of $132.48 million. Opera had a net margin of 39.22% and a return on equity of 19.22%. During the same period in the prior year, the firm earned $0.34 EPS. Equities analysts anticipate that Opera Limited will post 0.81 EPS for the current fiscal year.

About Opera

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.