The Manufacturers Life Insurance Company Invests $201,000 in Opera Limited (NASDAQ:OPRA)

The Manufacturers Life Insurance Company purchased a new position in shares of Opera Limited (NASDAQ:OPRA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,590 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Opera during the 4th quarter worth $530,000. Charles Schwab Investment Management Inc. raised its stake in shares of Opera by 64.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 121,069 shares of the company’s stock worth $2,293,000 after buying an additional 47,652 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Opera during the 4th quarter worth $1,634,000. Blue Trust Inc. raised its stake in shares of Opera by 56.6% during the 4th quarter. Blue Trust Inc. now owns 6,543 shares of the company’s stock worth $124,000 after buying an additional 2,366 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Opera by 22.1% during the 4th quarter. Stifel Financial Corp now owns 28,175 shares of the company’s stock worth $534,000 after buying an additional 5,100 shares during the last quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Trading Down 0.1%

Shares of OPRA stock opened at $18.21 on Monday. The firm has a 50-day moving average price of $16.40 and a 200 day moving average price of $18.04. Opera Limited has a twelve month low of $10.11 and a twelve month high of $22.50. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 9.24 and a beta of 1.01. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01.

Opera (NASDAQ:OPRA) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Opera had a net margin of 39.22% and a return on equity of 19.22%. The company had revenue of $142.72 million during the quarter, compared to the consensus estimate of $132.48 million. During the same quarter in the prior year, the company posted $0.34 EPS. Research analysts forecast that Opera Limited will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OPRA has been the subject of several research reports. The Goldman Sachs Group cut their price target on Opera from $26.00 to $22.50 and set a “buy” rating for the company in a research note on Monday, April 14th. Lake Street Capital boosted their target price on shares of Opera from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Finally, Piper Sandler assumed coverage on shares of Opera in a research note on Wednesday, February 5th. They issued an “overweight” rating and a $25.00 target price for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $24.90.

Opera 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.