128,776 Opera Limited Sponsored ADR $OPRA Shares Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC raised its position in shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) by 16.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 894,543 shares of the company’s stock after purchasing an additional 128,776 shares during the quarter. Penn Capital Management Company LLC’s holdings in Opera were worth $15,778,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Point Nemo Capital LLC lifted its stake in shares of Opera by 4.7% in the third quarter. Point Nemo Capital LLC now owns 73,403 shares of the company’s stock worth $1,293,000 after buying an additional 3,310 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Opera by 35.3% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 29,146 shares of the company’s stock valued at $416,000 after buying an additional 7,607 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Opera by 16.4% during the second quarter. Squarepoint Ops LLC now owns 190,502 shares of the company’s stock valued at $3,778,000 after buying an additional 26,787 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Opera during the second quarter valued at approximately $228,000. Finally, Kestra Advisory Services LLC increased its position in shares of Opera by 3.6% during the third quarter. Kestra Advisory Services LLC now owns 127,307 shares of the company’s stock valued at $2,243,000 after acquiring an additional 4,373 shares in the last quarter. 10.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OPRA has been the subject of a number of recent analyst reports. B. Riley Financial boosted their price objective on shares of Opera from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Wall Street Zen downgraded Opera from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Opera in a research note on Friday, October 2nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.75.

Opera Stock Performance

NASDAQ OPRA opened at $15.49 on Tuesday. Opera Limited Sponsored ADR has a one year low of $11.71 and a one year high of $20.78. The stock has a 50-day moving average of $17.54 and a 200 day moving average of $17.07. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 11.14 and a beta of 1.38.

About Opera

Opera Limited is a software company best known for developing web browsers for desktop and mobile devices. Its products include Opera, Opera GX, which is designed for gamers, and Opera Mini, a mobile browser built to use less data and work effectively on slower connections.

The company also offers digital content and advertising services, including Opera News and advertising solutions for businesses seeking to reach users across its products. Its browser offerings serve users in markets around the world.

Opera traces its roots to a browser project started in Norway in 1995.