Marshall Wace LLP Buys 729,001 Shares of Opera Limited (NASDAQ:OPRA)

Marshall Wace LLP raised its stake in shares of Opera Limited (NASDAQ:OPRA - Free Report) by 99.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,460,201 shares of the company's stock after buying an additional 729,001 shares during the quarter. Marshall Wace LLP owned about 1.65% of Opera worth $27,656,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its stake in Opera by 7.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 931,594 shares of the company's stock valued at $17,644,000 after buying an additional 61,051 shares during the last quarter. Portolan Capital Management LLC raised its stake in Opera by 5.1% during the fourth quarter. Portolan Capital Management LLC now owns 748,349 shares of the company's stock valued at $14,174,000 after buying an additional 36,529 shares during the last quarter. Tidal Investments LLC raised its stake in Opera by 62.4% during the third quarter. Tidal Investments LLC now owns 670,140 shares of the company's stock valued at $10,354,000 after buying an additional 257,469 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Opera by 64.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 121,069 shares of the company's stock valued at $2,293,000 after buying an additional 47,652 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in Opera by 20.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 105,873 shares of the company's stock valued at $2,005,000 after buying an additional 17,865 shares during the last quarter. Hedge funds and other institutional investors own 10.21% of the company's stock.

Opera Stock Performance

NASDAQ OPRA traded up $0.54 during trading hours on Thursday, hitting $15.14. 212,771 shares of the company's stock traded hands, compared to its average volume of 570,992. Opera Limited has a 52 week low of $10.11 and a 52 week high of $22.50. The firm has a market capitalization of $1.34 billion, a P/E ratio of 7.68 and a beta of 0.96. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The business's fifty day moving average price is $16.91 and its two-hundred day moving average price is $17.85.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on OPRA shares. The Goldman Sachs Group reduced their price target on shares of Opera from $26.00 to $22.50 and set a "buy" rating for the company in a research note on Monday, April 14th. Piper Sandler started coverage on shares of Opera in a research report on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 target price for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $24.70.

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.