Inspire Investing LLC Raises Stake in Opera Limited (NASDAQ:OPRA)

Inspire Investing LLC boosted its position in Opera Limited (NASDAQ:OPRA) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,080 shares of the company’s stock after buying an additional 1,539 shares during the quarter. Inspire Investing LLC owned 0.07% of Opera worth $897,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of OPRA. Virtu Financial LLC acquired a new position in Opera during the 4th quarter worth $432,000. Richard P Slaughter Associates Inc acquired a new position in Opera during the 1st quarter valued at about $3,103,000. Annex Advisory Services LLC bought a new stake in shares of Opera during the 1st quarter worth about $158,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Opera by 42.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 57,533 shares of the company’s stock worth $910,000 after acquiring an additional 17,242 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of Opera in the first quarter valued at approximately $475,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Price Performance

NASDAQ:OPRA opened at $15.30 on Tuesday. Opera Limited has a 52 week low of $10.11 and a 52 week high of $17.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.51 and a current ratio of 2.51. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 8.14 and a beta of 1.04. The company has a 50-day moving average of $14.15 and a 200-day moving average of $13.92.

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 the consensus estimate of $0.17 by $0.05. The firm had revenue of $109.73 million during the quarter, compared to the consensus estimate of $108.65 million. Opera had a return on equity of 19.59% and a net margin of 40.85%. During the same quarter in the previous year, the company posted $0.15 EPS. As a group, equities research analysts anticipate that Opera Limited will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley raised their price objective on shares of Opera from $22.00 to $24.00 and gave the company a “buy” rating in a research 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.