Redwood Wealth Management Group LLC Has $472,000 Stock Holdings in Opera Limited (NASDAQ:OPRA)

Redwood Wealth Management Group LLC raised its stake in shares of Opera Limited (NASDAQ:OPRA) by 4.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,645 shares of the company’s stock after buying an additional 1,440 shares during the period. Redwood Wealth Management Group LLC’s holdings in Opera were worth $472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Ritholtz Wealth Management increased its holdings in Opera by 9.6% in the second quarter. Ritholtz Wealth Management now owns 18,284 shares of the company’s stock worth $257,000 after buying an additional 1,595 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Opera by 2.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 85,761 shares of the company’s stock valued at $1,356,000 after purchasing an additional 1,804 shares in the last quarter. Worth Venture Partners LLC lifted its stake in shares of Opera by 25.8% in the 4th quarter. Worth Venture Partners LLC now owns 12,924 shares of the company’s stock valued at $171,000 after purchasing an additional 2,648 shares during the last quarter. Richard P Slaughter Associates Inc lifted its stake in shares of Opera by 1.8% in the 2nd quarter. Richard P Slaughter Associates Inc now owns 199,777 shares of the company’s stock valued at $2,805,000 after purchasing an additional 3,496 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its holdings in Opera by 248.8% in the first quarter. EntryPoint Capital LLC now owns 6,118 shares of the company’s stock worth $97,000 after purchasing an additional 4,364 shares in the last quarter. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Opera Price Performance

Shares of Opera stock opened at $14.97 on Monday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $13.17 and a 200-day simple moving average of $13.94. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 7.96 and a beta of 1.03. Opera Limited has a 1-year low of $10.11 and a 1-year high of $17.31.

Opera (NASDAQ:OPRA) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Opera had a net margin of 40.85% and a return on equity of 19.59%. The company had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $108.65 million. During the same period in the prior year, the company earned $0.15 earnings per share. On average, sell-side analysts expect that Opera Limited will post 0.88 earnings per share for the current year.

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.