Left Brain Wealth Management LLC bought a new stake in Opera Limited (NASDAQ:OPRA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,890 shares of the company's stock, valued at approximately $737,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of OPRA. PNC Financial Services Group Inc. grew its holdings in shares of Opera by 2,497.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,000 shares of the company's stock worth $189,000 after purchasing an additional 9,615 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Opera during the fourth quarter worth about $1,634,000. Cornerstone Investment Partners LLC bought a new stake in shares of Opera during the fourth quarter worth about $197,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Opera by 64.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 121,069 shares of the company's stock worth $2,293,000 after purchasing an additional 47,652 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Opera during the fourth quarter worth about $133,000. Institutional investors own 10.21% of the company's stock.
Opera Trading Down 0.3 %
OPRA stock traded down $0.06 during trading on Tuesday, hitting $17.75. The company had a trading volume of 214,341 shares, compared to its average volume of 597,116. The business has a 50-day moving average of $18.71 and a 200-day moving average of $17.71. Opera Limited has a one year low of $10.11 and a one year high of $22.50. The stock has a market cap of $1.57 billion, a PE ratio of 9.01 and a beta of 1.12. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler started coverage on Opera in a report on Wednesday, February 5th. They set an "overweight" rating and a $25.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $24.80.
Read Our Latest Stock Report on Opera
About Opera
(
Free Report)
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.
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