Cubist Systematic Strategies LLC Acquires 51,245 Shares of Opera Limited (NASDAQ:OPRA)

Cubist Systematic Strategies LLC boosted its holdings in Opera Limited (NASDAQ:OPRA) by 24.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 257,024 shares of the company’s stock after acquiring an additional 51,245 shares during the quarter. Cubist Systematic Strategies LLC owned 0.29% of Opera worth $4,868,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in Opera by 66.3% during the 4th 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 last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Opera by 20.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 105,873 shares of the company’s stock worth $2,005,000 after purchasing an additional 17,865 shares during the last quarter. SG Americas Securities LLC purchased a new position in Opera during the fourth quarter worth about $530,000. Blue Trust Inc. grew its position in Opera by 56.6% in the 4th quarter. Blue Trust Inc. now owns 6,543 shares of the company’s stock worth $124,000 after purchasing an additional 2,366 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. purchased a new stake in Opera in the 4th quarter valued at about $1,061,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. The Goldman Sachs Group decreased their price target on Opera from $26.00 to $22.50 and set a “buy” rating for the company in a research report on Monday, April 14th. Piper Sandler initiated coverage on Opera in a research note on Wednesday, February 5th. They set an “overweight” rating and a $25.00 target price on the stock. Finally, Lake Street Capital increased their price target on shares of Opera from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. 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 price target of $24.90.

Opera Stock Down 1.0 %

OPRA stock opened at $16.98 on Friday. The stock has a fifty day moving average of $16.32 and a 200-day moving average of $17.99. Opera Limited has a fifty-two week low of $10.11 and a fifty-two week high of $22.50. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 8.62 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10.

Opera (NASDAQ:OPRA) last posted its earnings results on Monday, April 28th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The firm had revenue of $142.72 million during the quarter, compared to the consensus estimate of $132.48 million. Opera had a net margin of 39.22% and a return on equity of 19.22%. During the same quarter last year, the company earned $0.34 earnings per share. As a group, equities research analysts predict that Opera Limited will post 0.81 earnings per share for the current year.

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.