Samalin Investment Counsel LLC Raises Stock Position in Opera Limited (NASDAQ:OPRA)

Samalin Investment Counsel LLC raised its stake in shares of Opera Limited (NASDAQ:OPRA) by 55.6% in the 4th quarter, HoldingsChannel reports. The firm owned 51,080 shares of the company’s stock after purchasing an additional 18,255 shares during the period. Samalin Investment Counsel LLC’s holdings in Opera were worth $967,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. US Bancorp DE lifted its position in Opera by 2,065.1% during the fourth quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $26,000 after purchasing an additional 1,301 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Opera by 74.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock valued at $30,000 after purchasing an additional 674 shares during the last quarter. Larson Financial Group LLC bought a new stake in Opera during the third quarter valued at approximately $61,000. GAMMA Investing LLC lifted its position in Opera by 66.3% during the fourth quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock valued at $65,000 after purchasing an additional 1,368 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Opera during the third quarter valued at approximately $74,000. 10.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Opera Trading Up 0.3 %

Shares of OPRA opened at $17.79 on Friday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 9.03 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. Opera Limited has a fifty-two week low of $10.11 and a fifty-two week high of $22.50. The firm has a 50 day moving average price of $18.71 and a 200-day moving average price of $17.77.

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.