26,135 Shares in Opera Limited (NASDAQ:OPRA) Acquired by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC acquired a new position in Opera Limited (NASDAQ:OPRA) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 26,135 shares of the company’s stock, valued at approximately $404,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in Opera by 135.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock valued at $32,000 after purchasing an additional 1,186 shares during the period. Larson Financial Group LLC bought a new position in Opera in the 3rd quarter valued at $61,000. Blue Trust Inc. boosted its holdings in Opera by 334.7% in the 3rd quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock valued at $65,000 after purchasing an additional 3,216 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of Opera during the 2nd quarter valued at $112,000. Finally, National Bank of Canada FI raised its position in shares of Opera by 1,474.9% during the 2nd quarter. National Bank of Canada FI now owns 8,158 shares of the company’s stock valued at $112,000 after buying an additional 7,640 shares in the last quarter. 10.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Opera from $19.50 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Lake Street Capital raised their price objective on shares of Opera from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. TD Cowen lifted their target price on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, B. Riley reiterated a “buy” rating and issued a $25.00 target price (up previously from $24.00) on shares of Opera in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $24.75.

Opera Price Performance

OPRA stock opened at $20.19 on Monday. The firm’s 50-day moving average price is $16.43 and its two-hundred day moving average price is $14.54. Opera Limited has a 12-month low of $10.11 and a 12-month high of $20.42. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 10.25 and a beta of 1.02. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01.

Opera (NASDAQ:OPRA) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $109.73 million for the quarter, compared to analysts’ expectations of $108.65 million. Opera had a net margin of 39.22% and a return on equity of 19.22%. During the same quarter in the previous year, the company earned $0.15 earnings per share. As a group, equities analysts predict that Opera Limited will post 0.79 earnings per share for the current 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.