156,620 Shares in Opera Limited (NASDAQ:OPRA) Acquired by Harvey Capital Management Inc.

Harvey Capital Management Inc. purchased a new position in shares of Opera Limited (NASDAQ:OPRA - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 156,620 shares of the company's stock, valued at approximately $2,420,000. Harvey Capital Management Inc. owned approximately 0.18% of Opera at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Opera by 135.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company's stock valued at $32,000 after purchasing an additional 1,186 shares during the period. Redwood Wealth Management Group LLC raised its holdings in shares of Opera by 4.5% in the 2nd quarter. Redwood Wealth Management Group LLC now owns 33,645 shares of the company's stock valued at $472,000 after purchasing an additional 1,440 shares during the period. Inspire Investing LLC raised its holdings in shares of Opera by 2.7% in the 3rd quarter. Inspire Investing LLC now owns 58,080 shares of the company's stock valued at $897,000 after purchasing an additional 1,539 shares during the period. Ritholtz Wealth Management raised its holdings in Opera by 9.6% in the 2nd quarter. Ritholtz Wealth Management now owns 18,284 shares of the company's stock valued at $257,000 after acquiring an additional 1,595 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in Opera by 2.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,761 shares of the company's stock valued at $1,356,000 after acquiring an additional 1,804 shares during the period. 10.21% of the stock is owned by institutional investors.

Opera Stock Performance

Shares of NASDAQ:OPRA traded down $0.01 on Friday, reaching $17.96. 437,787 shares of the company's stock were exchanged, compared to its average volume of 570,006. The company has a fifty day moving average of $15.25 and a 200-day moving average of $14.03. Opera Limited has a twelve month low of $10.11 and a twelve month high of $19.69. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 9.12 and a beta of 1.02. The company has a current ratio of 2.10, a quick ratio of 2.51 and a debt-to-equity ratio of 0.01.

Opera (NASDAQ:OPRA - Get Free Report) last announced its earnings results on Thursday, August 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.05. The firm had revenue of $109.73 million for the quarter, compared to analyst estimates of $108.65 million. Opera had a net margin of 39.22% and a return on equity of 19.22%. During the same quarter in the prior year, the business posted $0.15 EPS. On average, research analysts predict that Opera Limited will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. B. Riley reissued a "buy" rating and issued a $25.00 price target (up from $24.00) on shares of Opera in a report on Wednesday. Lake Street Capital increased their price target on shares of Opera from $22.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday. TD Cowen increased their price target on shares of Opera from $25.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday. Finally, The Goldman Sachs Group increased their target price on shares of Opera from $19.50 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday. Four analysts have rated the stock with a buy rating, According to MarketBeat, Opera presently has an average rating of "Buy" and an average price target of $24.75.

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.