EntryPoint Capital LLC Buys Shares of 11,268 Opera Limited (NASDAQ:OPRA)

EntryPoint Capital LLC purchased a new position in Opera Limited (NASDAQ:OPRA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,268 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds also recently made changes to their positions in the stock. US Bancorp DE grew its holdings in Opera by 2,065.1% during the 4th quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $26,000 after buying an additional 1,301 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Opera by 74.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock valued at $30,000 after acquiring an additional 674 shares in the last quarter. Larson Financial Group LLC bought a new stake in Opera during the 3rd quarter worth approximately $61,000. GAMMA Investing LLC lifted its stake in Opera by 66.3% in the 4th quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock worth $65,000 after purchasing an additional 1,368 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Opera in the 3rd quarter valued at $74,000. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler initiated coverage on shares of Opera in a report on Wednesday, February 5th. They issued an “overweight” rating and a $25.00 price target on the stock. Five 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 $24.80.

Opera Price Performance

OPRA stock opened at $16.18 on Friday. The firm has a 50 day simple moving average of $18.68 and a two-hundred day simple moving average of $17.90. The stock has a market cap of $1.43 billion, a PE ratio of 8.21 and a beta of 1.12. Opera Limited has a one year low of $10.11 and a one year high of $22.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10.

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.