Inspire Investing LLC Buys 1,539 Shares of Opera Limited (NASDAQ:OPRA)

Inspire Investing LLC boosted its position in Opera Limited (NASDAQ:OPRA) by 2.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 58,080 shares of the company’s stock after acquiring an additional 1,539 shares during the period. Inspire Investing LLC’s holdings in Opera were worth $897,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Opera by 135.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock worth $32,000 after buying an additional 1,186 shares during the period. EntryPoint Capital LLC increased its holdings in Opera by 248.8% in the 1st quarter. EntryPoint Capital LLC now owns 6,118 shares of the company’s stock valued at $97,000 after buying an additional 4,364 shares during the period. National Bank of Canada FI lifted its holdings in shares of Opera by 1,474.9% during the 2nd quarter. National Bank of Canada FI now owns 8,158 shares of the company’s stock worth $112,000 after acquiring an additional 7,640 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of Opera during the 2nd quarter worth approximately $112,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Opera in the second quarter valued at approximately $147,000. 10.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Opera Price Performance

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

Opera (NASDAQ:OPRA) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. The company had revenue of $109.73 million for 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 last year, the business posted $0.15 EPS. Research analysts predict that Opera Limited will post 0.88 earnings per share for the current fiscal year.

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.