Commonwealth Equity Services LLC Cuts Holdings in Opera Limited (NASDAQ:OPRA)

Commonwealth Equity Services LLC decreased its holdings in Opera Limited (NASDAQ:OPRA) by 50.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,676 shares of the company’s stock after selling 23,063 shares during the period. Commonwealth Equity Services LLC’s holdings in Opera were worth $318,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of OPRA. Roumell Asset Management LLC increased its holdings in Opera by 169.2% in the 4th quarter. Roumell Asset Management LLC now owns 376,870 shares of the company’s stock worth $4,986,000 after buying an additional 236,870 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Opera by 42.8% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 57,533 shares of the company’s stock valued at $910,000 after purchasing an additional 17,242 shares during the period. Richard P Slaughter Associates Inc bought a new position in Opera during the first quarter valued at approximately $3,103,000. Aigen Investment Management LP purchased a new stake in Opera in the fourth quarter worth approximately $244,000. Finally, Avantax Advisory Services Inc. grew its position in Opera by 56.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 24,597 shares of the company’s stock worth $389,000 after purchasing an additional 8,915 shares during the period. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Opera Stock Performance

OPRA opened at $15.12 on Tuesday. The company’s 50 day moving average is $13.36 and its 200 day moving average is $14.00. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 8.04 and a beta of 1.03. Opera Limited has a 12-month low of $10.11 and a 12-month high of $17.31.

Opera (NASDAQ:OPRA) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Opera had a net margin of 40.85% and a return on equity of 19.59%. The firm had revenue of $109.73 million during the quarter, compared to the consensus estimate of $108.65 million. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, equities research analysts predict that Opera Limited will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley increased their price target on Opera from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, August 23rd.

Opera 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.