Raymond James Financial Inc. Makes New $1.63 Million Investment in Opera Limited (NASDAQ:OPRA)

Raymond James Financial Inc. acquired a new stake in shares of Opera Limited (NASDAQ:OPRA) in the 4th quarter, Holdings Channel reports. The firm acquired 86,259 shares of the company’s stock, valued at approximately $1,634,000.

Several other institutional investors have also bought and sold shares of OPRA. Handelsbanken Fonder AB raised its position in shares of Opera by 2.8% during the 4th quarter. Handelsbanken Fonder AB now owns 21,900 shares of the company’s stock valued at $415,000 after buying an additional 600 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Opera by 74.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock worth $30,000 after acquiring an additional 674 shares during the last quarter. State Street Corp raised its position in Opera by 5.1% during the third quarter. State Street Corp now owns 17,129 shares of the company’s stock valued at $265,000 after purchasing an additional 832 shares during the period. National Bank of Canada FI lifted its stake in shares of Opera by 14.4% in the 3rd quarter. National Bank of Canada FI now owns 9,333 shares of the company’s stock valued at $144,000 after purchasing an additional 1,175 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Opera by 2,065.1% in the 4th quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $26,000 after purchasing an additional 1,301 shares during the period. Institutional investors own 10.21% of the company’s stock.

Opera Stock Up 1.3 %

Shares of NASDAQ OPRA opened at $16.14 on Wednesday. Opera Limited has a 1 year low of $10.11 and a 1 year high of $22.50. The firm has a 50-day simple moving average of $18.58 and a two-hundred day simple moving average of $17.94. The company has a market cap of $1.43 billion, a P/E ratio of 8.19 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10.

Wall Street Analysts Forecast Growth

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

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.