International Assets Investment Management LLC Acquires Shares of 48,951 Opera Limited (NASDAQ:OPRA)

International Assets Investment Management LLC acquired a new stake in shares of Opera Limited (NASDAQ:OPRA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 48,951 shares of the company’s stock, valued at approximately $648,000. International Assets Investment Management LLC owned about 0.06% of Opera as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Citigroup Inc. bought a new position in shares of Opera during the 3rd quarter valued at about $31,843,000. Element Capital Management LLC bought a new position in shares of Opera in the 3rd quarter valued at about $1,690,000. Walleye Capital LLC bought a new position in shares of Opera in the 3rd quarter valued at about $3,652,000. Toroso Investments LLC bought a new position in shares of Opera in the 3rd quarter valued at about $3,009,000. Finally, Alpine Global Management LLC bought a new position in shares of Opera in the 3rd quarter valued at about $1,652,000. Institutional investors own 10.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. TheStreet raised shares of Opera from a “c+” rating to a “b-” rating in a report on Monday, March 4th. TD Cowen increased their price target on shares of Opera from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, March 1st.

Opera Stock Performance

Opera stock opened at $14.49 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 4.69. Opera Limited has a 1-year low of $9.40 and a 1-year high of $28.58. The firm has a market capitalization of $1.29 billion, a P/E ratio of 7.71 and a beta of 0.81. The company’s 50-day moving average is $14.30 and its 200 day moving average is $12.64.

Opera (NASDAQ:OPRA) last issued its earnings results on Thursday, February 29th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $1.20. The business had revenue of $113.00 million for the quarter, compared to analyst estimates of $112.20 million. Opera had a net margin of 42.69% and a return on equity of 19.90%. Research analysts forecast that Opera Limited will post 0.77 EPS for the current year.

Opera Profile

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. It operates in two segments, Browser and News, and Other. The company offers mobile browser products, such as Opera Mini, Opera for Android and iOS, Opera GX Mobile, and 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.