Schonfeld Strategic Advisors LLC Makes New $322,000 Investment in Opera Limited (NASDAQ:OPRA)

Schonfeld Strategic Advisors LLC bought a new position in Opera Limited (NASDAQ:OPRA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,000 shares of the company's stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. US Bancorp DE raised 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 during the last quarter. Jones Financial Companies Lllp grew 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 valued at $30,000 after purchasing an additional 674 shares during the period. Tower Research Capital LLC TRC grew its stake 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 valued at $42,000 after purchasing an additional 1,548 shares during the period. GAMMA Investing LLC grew its stake in shares of Opera by 66.3% during the 4th quarter. GAMMA Investing LLC now owns 3,430 shares of the company's stock valued at $65,000 after purchasing an additional 1,368 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Opera during the 4th quarter valued at approximately $81,000. Hedge funds and other institutional investors own 10.21% of the company's stock.

Wall Street Analysts Forecast Growth

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

Opera Stock Down 0.1%

OPRA stock traded down $0.02 during trading on Friday, reaching $18.21. 436,080 shares of the company traded hands, compared to its average volume of 566,891. Opera Limited has a 12 month low of $10.11 and a 12 month high of $22.50. The business has a 50 day simple moving average of $16.40 and a 200 day simple moving average of $18.04. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 9.24 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10.

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 the consensus estimate of $0.26 by $0.01. Opera had a return on equity of 19.22% and a net margin of 39.22%. The business had revenue of $142.72 million during the quarter, compared to the consensus estimate of $132.48 million. During the same quarter last year, the company earned $0.34 earnings per share. On average, equities research analysts anticipate that Opera Limited will post 0.81 earnings per share 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.