Samalin Investment Counsel LLC Purchases 18,255 Shares of Opera Limited (NASDAQ:OPRA)

Samalin Investment Counsel LLC lifted its position in shares of Opera Limited (NASDAQ:OPRA) by 55.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,080 shares of the company’s stock after purchasing an additional 18,255 shares during the period. Samalin Investment Counsel LLC owned 0.06% of Opera worth $967,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE raised its position in Opera by 2,065.1% in the fourth quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,301 shares during the period. Jones Financial Companies Lllp raised its position in Opera by 74.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock worth $30,000 after acquiring an additional 674 shares during the period. Larson Financial Group LLC bought a new stake in Opera in the third quarter worth about $61,000. GAMMA Investing LLC raised its position in Opera by 66.3% in the fourth quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock worth $65,000 after acquiring an additional 1,368 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Opera in the third quarter worth about $74,000. Institutional investors own 10.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler started coverage on shares of Opera in a research report on Wednesday, February 5th. They issued an “overweight” rating and a $25.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $24.80.

Opera Price Performance

OPRA opened at $17.79 on Friday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 9.03 and a beta of 1.12. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $18.71 and a 200-day moving average price of $17.77. Opera Limited has a twelve month low of $10.11 and a twelve month high of $22.50.

Opera Company 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.