30,350 Shares in Opera Limited (NASDAQ:OPRA) Acquired by MRP Capital Investments LLC

MRP Capital Investments LLC acquired a new position in shares of Opera Limited (NASDAQ:OPRA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 30,350 shares of the company's stock, valued at approximately $575,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OPRA. Signaturefd LLC grew its holdings in shares of Opera by 26.5% during the fourth quarter. Signaturefd LLC now owns 5,406 shares of the company's stock worth $102,000 after buying an additional 1,134 shares in the last quarter. Left Brain Wealth Management LLC bought a new position in shares of Opera during the 4th quarter worth approximately $737,000. PNC Financial Services Group Inc. raised its holdings in shares of Opera by 2,497.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,000 shares of the company's stock valued at $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 in the fourth quarter worth $1,634,000. Finally, Cornerstone Investment Partners LLC acquired a new position in Opera during the fourth quarter worth $197,000. 10.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler began coverage on shares of Opera in a research note on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $24.80.

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Opera Stock Down 1.5 %

Shares of NASDAQ OPRA traded down $0.27 during trading hours on Tuesday, hitting $18.15. The company had a trading volume of 273,081 shares, compared to its average volume of 588,330. Opera Limited has a 1-year low of $10.11 and a 1-year high of $22.50. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average is $18.73 and its 200-day moving average is $17.83. The stock has a market capitalization of $1.61 billion, a P/E ratio of 9.21 and a beta of 1.12.

Opera 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.