JT Stratford LLC Purchases 14,207 Shares of Opera Limited (NASDAQ:OPRA)

JT Stratford LLC increased its position in shares of Opera Limited (NASDAQ:OPRA) by 15.3% during the 4th quarter, Holdings Channel reports. The fund owned 106,890 shares of the company’s stock after buying an additional 14,207 shares during the quarter. JT Stratford LLC’s holdings in Opera were worth $2,024,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Opera in the fourth quarter valued at about $530,000. Blue Trust Inc. grew its stake in Opera by 56.6% in the fourth quarter. Blue Trust Inc. now owns 6,543 shares of the company’s stock valued at $124,000 after acquiring an additional 2,366 shares during the period. Klein Pavlis & Peasley Financial Inc. acquired a new position in Opera in the fourth quarter valued at about $1,061,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Opera in the fourth quarter valued at about $81,000. Finally, Atria Wealth Solutions Inc. grew its stake in Opera by 17.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,100 shares of the company’s stock valued at $229,000 after acquiring an additional 1,800 shares during the period. Institutional investors own 10.21% of the company’s stock.

Opera Stock Performance

Shares of NASDAQ OPRA opened at $17.91 on Thursday. The stock has a 50 day moving average price of $16.43 and a 200 day moving average price of $18.04. Opera Limited has a 52 week low of $10.11 and a 52 week high of $22.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market capitalization of $1.58 billion, a PE ratio of 9.09 and a beta of 1.01.

Opera (NASDAQ:OPRA) last released its quarterly earnings data on Monday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $142.72 million for the quarter, compared to analyst estimates of $132.48 million. Opera had a return on equity of 19.22% and a net margin of 39.22%. During the same quarter in the prior year, the company earned $0.34 earnings per share. Analysts predict that Opera Limited will post 0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.