48,951 Shares in Opera Limited (NASDAQ:OPRA) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of Opera Limited (NASDAQ:OPRA) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 48,951 shares of the company’s stock, valued at approximately $648,000.

A number of other large investors have also recently bought and sold shares of the business. Ritholtz Wealth Management lifted its stake in shares of Opera by 23.4% in the 4th quarter. Ritholtz Wealth Management now owns 17,070 shares of the company’s stock worth $226,000 after acquiring an additional 3,239 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Opera by 6.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 28,433 shares of the company’s stock valued at $376,000 after acquiring an additional 1,740 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in Opera during the 4th quarter valued at about $245,000. Hudson Bay Capital Management LP purchased a new position in Opera during the 3rd quarter valued at about $3,842,000. Finally, Citigroup Inc. purchased a new stake in shares of Opera during the third quarter worth about $31,843,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Stock Performance

NASDAQ:OPRA opened at $14.49 on Thursday. The firm has a 50 day simple moving average of $14.30 and a 200-day simple moving average of $12.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 4.69. The firm has a market cap of $1.29 billion, a PE ratio of 7.71 and a beta of 0.81. Opera Limited has a 1-year low of $9.40 and a 1-year high of $28.58.

Opera (NASDAQ:OPRA) last posted its quarterly earnings data on Thursday, February 29th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $1.20. Opera had a net margin of 42.69% and a return on equity of 19.90%. The business had revenue of $113.00 million during the quarter, compared to analyst estimates of $112.20 million. On average, equities analysts expect that Opera Limited will post 0.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on OPRA shares. TD Cowen boosted their price objective on shares of Opera from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. TheStreet raised shares of Opera from a “c+” rating to a “b-” rating in a research report on Monday, March 4th.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. It operates in two segments, Browser and News, and Other. The company offers mobile browser products, such as Opera Mini, Opera for Android and iOS, Opera GX Mobile, and 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.