Left Brain Wealth Management LLC Invests $737,000 in Opera Limited (NASDAQ:OPRA)

Left Brain Wealth Management LLC purchased a new position in Opera Limited (NASDAQ:OPRA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 38,890 shares of the company’s stock, valued at approximately $737,000.

A number of other large investors also recently bought and sold shares of OPRA. US Bancorp DE raised its holdings in 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. Jones Financial Companies Lllp raised its holdings in Opera by 74.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock worth $30,000 after purchasing an additional 674 shares during the period. Larson Financial Group LLC acquired a new position in Opera in the 3rd quarter worth about $61,000. GAMMA Investing LLC raised its holdings in Opera by 66.3% in the 4th quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock worth $65,000 after purchasing an additional 1,368 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Opera in the 3rd quarter worth about $74,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Price Performance

NASDAQ:OPRA opened at $17.18 on Friday. Opera Limited has a one year low of $10.11 and a one year high of $22.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market cap of $1.52 billion, a PE ratio of 8.72 and a beta of 1.12. The stock has a 50 day moving average price of $18.77 and a 200 day moving average price of $17.63.

Wall Street Analysts Forecast Growth

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

About Opera

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.