Blue Trust Inc. Acquires 3,216 Shares of Opera Limited (NASDAQ:OPRA)

Blue Trust Inc. raised its holdings in shares of Opera Limited (NASDAQ:OPRA) by 334.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,177 shares of the company’s stock after acquiring an additional 3,216 shares during the quarter. Blue Trust Inc.’s holdings in Opera were worth $65,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in Opera by 135.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock worth $32,000 after purchasing an additional 1,186 shares during the period. EntryPoint Capital LLC lifted its position in shares of Opera by 248.8% during the 1st quarter. EntryPoint Capital LLC now owns 6,118 shares of the company’s stock valued at $97,000 after buying an additional 4,364 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Opera by 1,474.9% during the 2nd quarter. National Bank of Canada FI now owns 8,158 shares of the company’s stock valued at $112,000 after acquiring an additional 7,640 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in Opera in the 2nd quarter worth approximately $112,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Opera during the 2nd quarter worth approximately $147,000. Institutional investors own 10.21% of the company’s stock.

Opera Price Performance

Shares of Opera stock opened at $18.71 on Thursday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.01. Opera Limited has a 12 month low of $10.11 and a 12 month high of $19.69. The stock has a 50 day moving average of $15.03 and a 200 day moving average of $13.96. The firm has a market cap of $1.65 billion, a PE ratio of 9.95 and a beta of 1.04.

Opera (NASDAQ:OPRA) last posted its earnings results on Thursday, August 22nd. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $109.73 million during the quarter, compared to analyst estimates of $108.65 million. Opera had a net margin of 40.85% and a return on equity of 19.59%. During the same period last year, the firm posted $0.15 earnings per share. On average, research analysts expect that Opera Limited will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OPRA has been the subject of a number of recent analyst reports. B. Riley reiterated a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of Opera in a research report on Wednesday. Lake Street Capital raised their price target on Opera from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen boosted their price objective on Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on Opera from $19.50 to $23.00 and gave the company a “buy” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $24.75.

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.