American Trust Investment Advisors LLC Has $3.41 Million Holdings in Opera Limited (NASDAQ:OPRA)

American Trust Investment Advisors LLC increased its stake in shares of Opera Limited (NASDAQ:OPRA) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 179,877 shares of the company’s stock after acquiring an additional 2,780 shares during the period. American Trust Investment Advisors LLC’s holdings in Opera were worth $3,407,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. US Bancorp DE boosted 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 buying an additional 1,301 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Opera by 74.4% in the fourth 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. Tower Research Capital LLC TRC lifted its position in shares of Opera by 229.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company’s stock worth $42,000 after purchasing an additional 1,548 shares during the last quarter. GAMMA Investing LLC boosted its stake in Opera by 66.3% during the 4th quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock valued at $65,000 after purchasing an additional 1,368 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Opera in the 4th quarter valued at approximately $81,000. 10.21% of the stock is owned by institutional investors.

Opera Price Performance

Shares of Opera stock opened at $17.47 on Friday. Opera Limited has a twelve month low of $10.11 and a twelve month 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 firm has a market cap of $1.55 billion, a P/E ratio of 8.87 and a beta of 0.96. The firm’s 50-day simple moving average is $16.40 and its 200-day simple moving average is $17.93.

Opera (NASDAQ:OPRA) last released its quarterly earnings data on Monday, April 28th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $142.72 million for the quarter, compared to analyst estimates of $132.48 million. Opera had a return on equity of 19.22% and a net margin of 39.22%. During the same period in the prior year, the company posted $0.34 EPS. As a group, research analysts expect that Opera Limited will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OPRA has been the subject of a number of research analyst reports. Lake Street Capital upped their price target on Opera from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday. The Goldman Sachs Group cut their price objective on shares of Opera from $26.00 to $22.50 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Piper Sandler started coverage on Opera in a research report on Wednesday, February 5th. They set an “overweight” rating and a $25.00 target price on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $24.90.

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.