MRP Capital Investments LLC Buys Shares of 30,350 Opera Limited (NASDAQ:OPRA)

MRP Capital Investments LLC bought a new stake in Opera Limited (NASDAQ:OPRA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,350 shares of the company’s stock, valued at approximately $575,000.

Other large investors also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of Opera by 2,065.1% during 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 grew its holdings in shares of Opera by 74.4% during 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. GAMMA Investing LLC grew its holdings in shares of Opera by 66.3% during 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. Larson Financial Group LLC purchased a new position in shares of Opera during the 3rd quarter worth $61,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Opera during the 4th quarter worth about $81,000. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

Opera Price Performance

Shares of NASDAQ OPRA opened at $17.73 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. Opera Limited has a fifty-two week low of $10.11 and a fifty-two week high of $22.50. The firm has a market capitalization of $1.57 billion, a PE ratio of 9.00 and a beta of 1.12. The stock’s 50-day simple moving average is $18.70 and its 200-day simple moving average is $17.73.

Analysts Set New Price Targets

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

Opera Company 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.