Millennium Management LLC Has $5.08 Million Position in Opera Limited (NASDAQ:OPRA)

Millennium Management LLC lessened its stake in shares of Opera Limited (NASDAQ:OPRA) by 46.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 361,544 shares of the company’s stock after selling 310,167 shares during the period. Millennium Management LLC owned 0.41% of Opera worth $5,076,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OPRA. Richard P Slaughter Associates Inc acquired a new position in shares of Opera during the 1st quarter valued at $3,103,000. Inspire Investing LLC acquired a new position in Opera during the second quarter worth $794,000. Caxton Associates LP raised its holdings in Opera by 103.5% during the first quarter. Caxton Associates LP now owns 72,629 shares of the company’s stock worth $1,148,000 after buying an additional 36,931 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Opera during the first quarter worth $564,000. Finally, Virtu Financial LLC acquired a new position in Opera during the fourth quarter worth $432,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley upped their price objective on shares of Opera from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 23rd.

Opera Stock Performance

NASDAQ OPRA opened at $15.70 on Friday. Opera Limited has a 1 year low of $10.11 and a 1 year high of $17.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.51 and a quick ratio of 2.51. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 8.05 and a beta of 1.04. The company has a fifty day moving average price of $14.15 and a 200-day moving average price of $13.95.

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

Opera Company 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.