TimesSquare Capital Management LLC Invests $405,000 in Opera Limited (NASDAQ:OPRA)

TimesSquare Capital Management LLC acquired a new stake in Opera Limited (NASDAQ:OPRA) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 40,500 shares of the company’s stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV increased its stake in Opera by 14.6% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 17,987 shares of the company’s stock valued at $180,000 after purchasing an additional 2,288 shares in the last quarter. Capital Asset Advisory Services LLC increased its stake in Opera by 59.0% in the 4th quarter. Capital Asset Advisory Services LLC now owns 18,392 shares of the company’s stock valued at $168,000 after purchasing an additional 6,827 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Opera by 14.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 77,373 shares of the company’s stock valued at $774,000 after purchasing an additional 9,897 shares in the last quarter. BlackRock Inc. purchased a new position in Opera in the 1st quarter valued at approximately $238,000. Finally, Henry James International Management Inc. acquired a new stake in Opera during the 1st quarter valued at $1,087,000. 7.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Opera stock opened at $10.13 on Friday. Opera Limited has a twelve month low of $6.41 and a twelve month high of $13.93. The firm has a market capitalization of $1.21 billion, a PE ratio of 6.03 and a beta of 1.14. The firm has a fifty day moving average price of $10.72.

Opera (NASDAQ:OPRA) last released its quarterly earnings data on Tuesday, April 27th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). Opera had a net margin of 98.83% and a return on equity of 6.41%.

Separately, Lake Street Capital increased their target price on Opera from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Opera presently has an average rating of “Buy” and a consensus price target of $13.67.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. The company offers mobile browser products, such as Opera Mini, Opera for Android, and Opera Touch; PC browsers, including Opera for Computers and Opera GX; Opera News, a personalized news aggregation app; and Okash, a microfinance app.

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Institutional Ownership by Quarter for Opera (NASDAQ:OPRA)

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