State of New Jersey Common Pension Fund D Acquires Shares of 14,016 Opera Limited (NASDAQ:OPRA)

State of New Jersey Common Pension Fund D bought a new position in Opera Limited (NASDAQ:OPRA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,016 shares of the company’s stock, valued at approximately $185,000.

Several other institutional investors and hedge funds have also modified their holdings of OPRA. Citigroup Inc. acquired a new position in shares of Opera in the 3rd quarter worth approximately $190,327,000. Hudson Bay Capital Management LP acquired a new position in shares of Opera in the 3rd quarter worth approximately $3,842,000. Walleye Capital LLC acquired a new position in shares of Opera in the 3rd quarter worth approximately $3,652,000. Monashee Investment Management LLC acquired a new position in shares of Opera in the 3rd quarter worth approximately $3,381,000. Finally, Toroso Investments LLC acquired a new position in shares of Opera in the 3rd quarter worth approximately $3,009,000. 10.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OPRA has been the topic of several recent analyst reports. TD Cowen boosted their target price on Opera from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. TheStreet upgraded shares of Opera from a “c+” rating to a “b-” rating in a research report on Monday, March 4th.

Opera Stock Performance

OPRA stock opened at $13.18 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The company has a 50 day moving average price of $14.51 and a 200 day moving average price of $12.71. Opera Limited has a fifty-two week low of $10.30 and a fifty-two week high of $28.58. The stock has a market capitalization of $1.17 billion, a PE ratio of 7.01 and a beta of 0.80.

Opera (NASDAQ:OPRA) last issued its earnings results on Thursday, April 25th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $101.87 million during the quarter, compared to analysts’ expectations of $100.60 million. Opera had a net margin of 41.00% and a return on equity of 19.52%. Analysts forecast that Opera Limited will post 0.78 EPS for the current year.

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.