57,500 Shares in Opera Limited (NASDAQ:OPRA) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new position in shares of Opera Limited (NASDAQ:OPRA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 57,500 shares of the company’s stock, valued at approximately $888,000. Point72 Asset Management L.P. owned approximately 0.07% of Opera at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Penn Mutual Asset Management acquired a new position in Opera during the third quarter valued at approximately $952,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Opera by 44.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 275,034 shares of the company’s stock valued at $4,249,000 after buying an additional 84,001 shares during the last quarter. Alpha DNA Investment Management LLC bought a new position in shares of Opera in the third quarter valued at $404,000. Hennion & Walsh Asset Management Inc. raised its position in Opera by 45.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 83,734 shares of the company’s stock worth $1,176,000 after acquiring an additional 26,201 shares in the last quarter. Finally, Harvey Capital Management Inc. bought a new stake in Opera during the third quarter worth $2,420,000. 10.21% of the stock is currently owned by institutional investors and hedge funds.

Opera Price Performance

Opera stock opened at $18.86 on Wednesday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 9.57 and a beta of 1.03. 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 Limited has a 12 month low of $10.11 and a 12 month high of $20.70. The stock’s 50 day moving average is $17.54 and its 200-day moving average is $15.04.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OPRA. TD Cowen boosted their price objective on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on Opera from $19.50 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. B. Riley reissued a “buy” rating and set a $25.00 target price (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. Finally, 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, October 30th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $24.75.

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.