Raymond James Financial Inc. Makes New Investment in Opera Limited (NASDAQ:OPRA)

Raymond James Financial Inc. acquired a new position in Opera Limited (NASDAQ:OPRA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 86,259 shares of the company’s stock, valued at approximately $1,634,000. Raymond James Financial Inc. owned 0.10% of Opera as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OPRA. Handelsbanken Fonder AB boosted its position in shares of Opera by 2.8% in the fourth quarter. Handelsbanken Fonder AB now owns 21,900 shares of the company’s stock worth $415,000 after purchasing an additional 600 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Opera by 74.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock valued at $30,000 after buying an additional 674 shares in the last quarter. State Street Corp boosted its holdings in Opera by 5.1% in the 3rd quarter. State Street Corp now owns 17,129 shares of the company’s stock worth $265,000 after buying an additional 832 shares during the period. National Bank of Canada FI increased its stake in Opera by 14.4% in the 3rd quarter. National Bank of Canada FI now owns 9,333 shares of the company’s stock worth $144,000 after buying an additional 1,175 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Opera by 2,065.1% in the fourth quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $26,000 after acquiring an additional 1,301 shares in the last quarter. 10.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler assumed coverage on Opera in a research report on Wednesday, February 5th. They set an “overweight” rating and a $25.00 target price for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Opera has a consensus rating of “Buy” and an average target price of $24.80.

Opera Stock Performance

OPRA opened at $16.14 on Wednesday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 8.19 and a beta of 1.12. Opera Limited has a fifty-two week low of $10.11 and a fifty-two 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 company has a fifty day moving average of $18.58 and a 200 day moving average of $17.94.

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.