Wells Fargo & Company MN Raises Stake in Opera Limited (NASDAQ:OPRA)

Wells Fargo & Company MN boosted its position in Opera Limited (NASDAQ:OPRA) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,620 shares of the company’s stock after buying an additional 7,291 shares during the period. Wells Fargo & Company MN owned approximately 0.08% of Opera worth $1,262,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Tidal Investments LLC boosted its position in Opera by 62.4% in the 3rd quarter. Tidal Investments LLC now owns 670,140 shares of the company’s stock worth $10,354,000 after purchasing an additional 257,469 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Opera in the 4th quarter worth approximately $530,000. Charles Schwab Investment Management Inc. boosted its position in Opera by 64.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 121,069 shares of the company’s stock worth $2,293,000 after purchasing an additional 47,652 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Opera in the 4th quarter worth approximately $1,634,000. Finally, Blue Trust Inc. boosted its position in Opera by 56.6% in the 4th quarter. Blue Trust Inc. now owns 6,543 shares of the company’s stock worth $124,000 after purchasing an additional 2,366 shares in the last quarter. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Opera Trading Up 6.4 %

Shares of NASDAQ:OPRA opened at $16.53 on Tuesday. 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 $1.46 billion, a price-to-earnings ratio of 8.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The business’s 50 day moving average price is $16.56 and its 200-day moving average price is $17.91.

Wall Street Analysts Forecast Growth

OPRA has been the topic of several recent research reports. Piper Sandler initiated coverage on 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 decreased their target price on Opera from $26.00 to $22.50 and set a “buy” rating on the stock in a research report on Monday, April 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus 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.