Bank of New York Mellon Corp Buys New Position in Opera Limited (NASDAQ:OPRA)

Bank of New York Mellon Corp bought a new stake in shares of Opera Limited (NASDAQ:OPRA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 104,808 shares of the company’s stock, valued at approximately $1,985,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Larson Financial Group LLC acquired a new position in Opera in the 3rd quarter valued at approximately $61,000. GAMMA Investing LLC raised its holdings in Opera by 66.3% in the 4th quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock valued at $65,000 after acquiring an additional 1,368 shares in the last quarter. Quantbot Technologies LP acquired a new position in Opera in the 3rd quarter valued at approximately $74,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Opera in the 4th quarter valued at approximately $81,000. Finally, Blue Trust Inc. raised its holdings in Opera by 56.6% in the 4th quarter. Blue Trust Inc. now owns 6,543 shares of the company’s stock valued at $124,000 after acquiring an additional 2,366 shares in the last quarter. Institutional investors own 10.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

Opera Stock Up 0.3 %

NASDAQ:OPRA opened at $17.79 on Friday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 9.03 and a beta of 1.12. Opera Limited has a 12-month low of $10.11 and a 12-month high of $22.50. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $18.71 and its 200-day simple moving average is $17.75.

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.