Caxton Associates LP Sells 13,285 Shares of Opera Limited (NASDAQ:OPRA)

Caxton Associates LP cut its stake in Opera Limited (NASDAQ:OPRA) by 18.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 59,344 shares of the company’s stock after selling 13,285 shares during the period. Caxton Associates LP’s holdings in Opera were worth $833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OPRA. BNP Paribas Financial Markets boosted its stake in shares of Opera by 2,428.7% in the 4th quarter. BNP Paribas Financial Markets now owns 37,299 shares of the company’s stock valued at $493,000 after purchasing an additional 35,824 shares during the last quarter. D.A. Davidson & CO. boosted its position in Opera by 37.5% during the fourth quarter. D.A. Davidson & CO. now owns 30,461 shares of the company’s stock valued at $403,000 after acquiring an additional 8,311 shares during the last quarter. Roumell Asset Management LLC raised its position in shares of 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 acquiring an additional 236,870 shares in the last quarter. Penn Mutual Asset Management LLC acquired a new position in shares of Opera in the 4th quarter valued at about $662,000. Finally, Virtu Financial LLC bought a new stake in shares of Opera during the 4th quarter valued at about $432,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

Analysts Set New Price Targets

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

Opera Trading Down 1.5 %

NASDAQ:OPRA opened at $14.66 on Friday. Opera Limited has a 12 month low of $10.11 and a 12 month high of $17.31. 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 stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 7.80 and a beta of 1.03. The firm has a fifty day simple moving average of $13.51 and a two-hundred day simple moving average of $14.01.

Opera (NASDAQ:OPRA) last issued its earnings results on Thursday, August 22nd. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.17 by $0.05. Opera had a return on equity of 19.59% and a net margin of 40.85%. The company had revenue of $109.73 million during the quarter, compared to the consensus estimate of $108.65 million. During the same period last year, the business posted $0.15 EPS. Analysts expect that Opera Limited will post 0.88 EPS for the current fiscal year.

About Opera

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.