Mackenzie Financial Corp Boosts Stock Holdings in Opera Limited (NASDAQ:OPRA)

Mackenzie Financial Corp grew its stake in shares of Opera Limited (NASDAQ:OPRA) by 51.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,232 shares of the company’s stock after buying an additional 12,239 shares during the period. Mackenzie Financial Corp’s holdings in Opera were worth $479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OPRA. Citigroup Inc. purchased a new stake in Opera during the third quarter valued at about $190,327,000. Hudson Bay Capital Management LP purchased a new stake in shares of Opera during the 3rd quarter worth about $3,842,000. Walleye Capital LLC acquired a new stake in Opera during the 3rd quarter worth approximately $3,652,000. Monashee Investment Management LLC purchased a new position in Opera in the third quarter valued at approximately $3,381,000. Finally, Toroso Investments LLC acquired a new position in Opera during the third quarter valued at approximately $3,009,000. 10.21% of the stock is currently owned by institutional investors and hedge funds.

Opera Stock Performance

Opera stock opened at $13.34 on Friday. The firm has a market capitalization of $1.18 billion, a PE ratio of 7.10 and a beta of 0.81. Opera Limited has a one year low of $9.40 and a one year high of $28.58. The stock’s 50 day moving average price is $14.37 and its 200 day moving average price is $12.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 2.56.

Opera (NASDAQ:OPRA) last posted its earnings results on Thursday, April 25th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $101.87 million for the quarter, compared to analysts’ expectations of $100.60 million. Opera had a net margin of 42.69% and a return on equity of 19.90%. As a group, sell-side analysts expect that Opera Limited will post 0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

OPRA has been the subject of several recent research reports. TheStreet raised shares of Opera from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. TD Cowen upped their price target on shares of Opera from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st.

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.