Portolan Capital Management LLC Purchases 36,529 Shares of Opera Limited (NASDAQ:OPRA)

Portolan Capital Management LLC grew its stake in shares of Opera Limited (NASDAQ:OPRA - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 748,349 shares of the company's stock after acquiring an additional 36,529 shares during the period. Portolan Capital Management LLC owned 0.85% of Opera worth $14,174,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OPRA. 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 increased its holdings in Opera by 74.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock worth $30,000 after acquiring an additional 674 shares during the period. 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. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Opera in the 4th quarter valued at $81,000. Finally, Signaturefd LLC grew its position in shares of Opera by 26.5% during the 4th quarter. Signaturefd LLC now owns 5,406 shares of the company's stock valued at $102,000 after purchasing an additional 1,134 shares in the last quarter. 10.21% of the stock is owned by institutional investors.

Opera Trading Down 0.8 %

NASDAQ:OPRA traded down $0.12 during trading hours on Friday, reaching $14.33. The company's stock had a trading volume of 640,732 shares, compared to its average volume of 575,602. The firm has a 50-day simple moving average of $17.35 and a 200-day simple moving average of $17.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. Opera Limited has a 1 year low of $10.11 and a 1 year high of $22.50. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 7.27 and a beta of 0.96.

Wall Street Analysts Forecast Growth

OPRA has been the topic of several research analyst reports. Piper Sandler initiated coverage on shares of Opera in a research report on Wednesday, February 5th. They issued an "overweight" rating and a $25.00 price objective on the stock. The Goldman Sachs Group dropped their price objective on shares of Opera from $26.00 to $22.50 and set a "buy" rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average 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.