DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 3,885 Shares of Opera Limited (NASDAQ:OPRA)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in shares of Opera Limited (NASDAQ:OPRA) by 46.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,460 shares of the company’s stock after selling 3,885 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Opera were worth $84,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Marshall Wace LLP grew its stake in shares of Opera by 99.7% in the fourth quarter. Marshall Wace LLP now owns 1,460,201 shares of the company’s stock worth $27,656,000 after purchasing an additional 729,001 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Opera by 7.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 931,594 shares of the company’s stock worth $17,644,000 after buying an additional 61,051 shares during the period. Portolan Capital Management LLC grew its position in shares of Opera by 5.1% in the 4th quarter. Portolan Capital Management LLC now owns 748,349 shares of the company’s stock valued at $14,174,000 after buying an additional 36,529 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Opera in the fourth quarter valued at about $10,646,000. Finally, Lord Abbett & CO. LLC bought a new position in shares of Opera during the fourth quarter worth about $7,535,000. 10.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on OPRA shares. Piper Sandler started coverage on Opera in a report on Wednesday, February 5th. They issued an “overweight” rating and a $25.00 target price on the stock. Lake Street Capital boosted their price target on shares of Opera from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group decreased their price objective on shares of Opera from $26.00 to $22.50 and set a “buy” rating for the company in a research report on Monday, April 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $24.90.

Opera Trading Up 5.9%

NASDAQ OPRA opened at $17.98 on Tuesday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 9.13 and a beta of 1.01. The business has a 50 day simple moving average of $16.32 and a 200 day simple moving average of $18.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. Opera Limited has a one year low of $10.11 and a one year high of $22.50.

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

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.