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

Alpha DNA Investment Management LLC purchased a new position in Opera Limited (NASDAQ:OPRA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,135 shares of the company’s stock, valued at approximately $404,000.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its position in Opera by 135.4% in the third quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock valued at $32,000 after acquiring an additional 1,186 shares during the last quarter. Larson Financial Group LLC bought a new position in Opera in the third quarter valued at about $61,000. Blue Trust Inc. grew its position in Opera by 334.7% in the third quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock valued at $65,000 after acquiring an additional 3,216 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in Opera in the second quarter valued at about $112,000. Finally, National Bank of Canada FI grew its position in Opera by 1,474.9% in the second quarter. National Bank of Canada FI now owns 8,158 shares of the company’s stock valued at $112,000 after acquiring an additional 7,640 shares during the last quarter. Institutional investors own 10.21% of the company’s stock.

Opera Price Performance

Shares of OPRA opened at $20.19 on Monday. Opera Limited has a 52-week low of $10.11 and a 52-week high of $20.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The business’s 50 day moving average price is $16.43 and its two-hundred day moving average price is $14.54. The firm has a market cap of $1.79 billion, a PE ratio of 10.25 and a beta of 1.02.

Opera (NASDAQ:OPRA) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. Opera had a net margin of 39.22% and a return on equity of 19.22%. The business had revenue of $109.73 million during the quarter, compared to the consensus estimate of $108.65 million. During the same quarter last year, the firm posted $0.15 EPS. On average, equities analysts anticipate that Opera Limited will post 0.79 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on OPRA shares. B. Riley reissued a “buy” rating and set a $25.00 price target (up from $24.00) on shares of Opera in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. TD Cowen lifted their price objective on Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Lake Street Capital lifted their price objective on Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $24.75.

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.