Greenhouse Funds LLLP recently announced the acquisition of new stake in Opera Limited (NASDAQ:OPRA). The institutional investor has increased its shareholding in the Technology company by 6.63% to 2.1 million shares with purchase of 0.13 million shares. This fresh investment now brings its stake to 1.82% valued currently at $13.21 million. In addition, J. Goldman & Co. LP raised its holdings by 8970.0 to 1.27 million shares. And Millennium Management LLC has lifted its position by 23.93% or 32816.0 shares – to 0.17 million shares.
With over 0.12 million Opera Limited (OPRA) shares trading Monday and a closing price of $7.05 on the day, the dollar volume was approximately $0.88 million. The shares have shown a positive half year performance of 34.03% and its price on 01/23/23 gained nearly 0.57%. Currently, there are 113.67M common shares owned by the public and among those 54.86M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for OPRA have a consensus price objective of $9.43. The analysts have set the share’s price value over the next 12 months at a high of $12.50 and a low of $6.00. The average price target is 25.24% above its recent price level and a downside to the estimated low will see the stock lose -17.5% over that period. But an upside of 43.6% will see the stock hit the forecast high price target while median target price for the stock is $9.60.
The top 3 mutual fund holders in Opera Limited are Roumell Opportunistic Value Fund, Stichting Pensioenfonds ABP, and FP Brunel Pension Partnership ACS. Roumell Opportunistic Value Fund owns 0.9 million shares of the company’s stock, all valued at over $5.63 million. Stichting Pensioenfonds ABP sold -0.27 million shares to see its total holdings shrink to 0.64 million shares valued at over $4.05 million and representing 0.56% of the shares outstanding. FP Brunel Pension Partnership ACS bought 0.23 million shares to bring its total holdings to over 0.23 million shares at a value of $1.42 million. FP Brunel Pension Partnership ACS now owns shares totaling to 0.20% of the shares outstanding.
Shares of Opera Limited (NASDAQ: OPRA) opened at $7.06, up $0.05 from a prior closing price of $7.01. However, the script later moved the day high at 7.06, up 0.57%. The company’s stock has a 5-day price change of 2.32% and 69.47% over the past three months. OPRA shares are trading 12.08% year to date (YTD), with the 12-month market performance up to 2.47% higher. It has a 12-month low price of $3.92 and touched a high of $7.57 over the same period. OPRA has an average intraday trading volume of 65.45K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.06%, 22.34%, and 37.79% respectively.
Institutional ownership of Opera Limited (NASDAQ: OPRA) shares accounts for 5.40% of the company’s 113.67M shares outstanding. Mutual fund holders own 2.02%, while other institutional holders and individual stakeholders account for 2.70% and — respectively.
It has a market capitalization of $787.98M and a beta (3y monthly) value of 1.04. The earnings-per-share (ttm) stands at -$1.02. The company has a debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.68% over the week and 4.94% over the month.
Analysts forecast that Opera Limited (OPRA) will achieve an EPS of $0.11 for the current quarter, $0.12 for the next quarter and $0.58 for 2023. The lowest estimate earnings-per-share for the quarter is $0.1 while analysts give the company a high EPS estimate of $0.12. Comparatively, EPS for the current quarter was $0.26 a year ago. Earnings per share for the fiscal year are expected to decrease by -218.80%, and 255.60% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Opera Limited (OPRA) as a “Strong Buy” at a consensus score of 1.70. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the OPRA, a number of firms have released research notes about the stock. Cowen stated their Outperform rating for the stock in a research note on May 21, 2020, with the firm’s price target at $10. Lake Street coverage for the Opera Limited (OPRA) stock in a research note released on October 02, 2019 offered a Buy rating with a price target of $19. B. Riley FBR was of a view on July 17, 2019 that the stock is Buy, while Citigroup gave the stock Buy rating on November 29, 2018, issuing a price target of $9.
