Atria Wealth Solutions Inc. Purchases New Shares in Opera Limited (NASDAQ:OPRA)

Atria Wealth Solutions Inc. purchased a new position in shares of Opera Limited (NASDAQ:OPRA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,105 shares of the company’s stock, valued at approximately $464,000.

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

Opera Stock Performance

NASDAQ OPRA opened at $13.72 on Tuesday. The company’s 50 day moving average is $14.63 and its 200-day moving average is $12.77. The firm has a market cap of $1.21 billion, a P/E ratio of 7.30 and a beta of 0.80. Opera Limited has a 12-month low of $10.30 and a 12-month high of $28.58. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01.

Opera (NASDAQ:OPRA) last issued its earnings results on Thursday, April 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Opera had a net margin of 41.00% and a return on equity of 19.52%. The business had revenue of $101.87 million for the quarter, compared to analysts’ expectations of $100.60 million. Sell-side analysts predict that Opera Limited will post 0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.