Opera (NASDAQ:OPRA) Trading 6.7% Higher

Opera Ltd (NASDAQ:OPRA) traded up 6.7% during trading on Monday . The company traded as high as $10.67 and last traded at $10.57, 142,550 shares traded hands during trading. An increase of 112% from the average session volume of 67,280 shares. The stock had previously closed at $9.91.

Separately, B. Riley assumed coverage on Opera in a research note on Wednesday, July 17th. They set a “buy” rating and a $14.50 target price on the stock.

The company has a market capitalization of $1.26 billion and a P/E ratio of 28.73. The stock has a 50 day moving average price of $10.59 and a 200 day moving average price of $9.31.

Opera (NASDAQ:OPRA) last released its earnings results on Wednesday, May 22nd. The company reported $0.06 EPS for the quarter. The company had revenue of $51.28 million for the quarter. Opera had a return on equity of 5.73% and a net margin of 18.24%. As a group, equities research analysts anticipate that Opera Ltd will post 0.15 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FIL Ltd raised its stake in shares of Opera by 45.3% during the 1st quarter. FIL Ltd now owns 1,581,316 shares of the company’s stock worth $10,389,000 after purchasing an additional 493,011 shares during the period. Toroso Investments LLC increased its holdings in Opera by 12.8% in the 2nd quarter. Toroso Investments LLC now owns 308,245 shares of the company’s stock worth $3,218,000 after acquiring an additional 35,056 shares during the last quarter. CSat Investment Advisory L.P. increased its holdings in Opera by 12.8% in the 2nd quarter. CSat Investment Advisory L.P. now owns 308,245 shares of the company’s stock worth $3,218,000 after acquiring an additional 35,056 shares during the last quarter. Sloane Robinson LLP increased its holdings in Opera by 29.8% in the 2nd quarter. Sloane Robinson LLP now owns 259,800 shares of the company’s stock worth $2,712,000 after acquiring an additional 59,700 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings in Opera by 80.7% in the 2nd quarter. Citadel Advisors LLC now owns 83,175 shares of the company’s stock worth $868,000 after acquiring an additional 37,152 shares during the last quarter. Institutional investors own 4.07% of the company’s stock.

Opera Company Profile (NASDAQ:OPRA)

Opera Limited, through its subsidiaries, provides mobile and PC web browsers in Ireland, Russia, and internationally. It offers mobile browser products under the Opera Mini, Opera for Android, and Opera Touch names; PC browser under the Opera for Computers name; Opera News, a personalized news aggregation app; and Okash, a microfinance app.

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