TimesSquare Capital Management LLC Makes New Investment in Opera Limited (NASDAQ:OPRA)

TimesSquare Capital Management LLC acquired a new position in shares of Opera Limited (NASDAQ:OPRA) during the 1st quarter, Holdings Channel.com reports. The fund acquired 40,500 shares of the company’s stock, valued at approximately $405,000.

A number of other institutional investors have also recently modified their holdings of OPRA. Mercer Global Advisors Inc. ADV grew its stake in shares of Opera by 14.6% during the first 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 during the last quarter. BlackRock Inc. bought a new stake in shares of Opera during the first quarter valued at approximately $238,000. Envestnet Asset Management Inc. grew its stake in shares of Opera by 14.7% during the first 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 during the last quarter. Henry James International Management Inc. bought a new stake in shares of Opera during the first quarter valued at approximately $1,087,000. Finally, Capital Asset Advisory Services LLC grew its stake in shares of Opera by 59.0% during the fourth 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 during the last quarter. 7.81% of the stock is currently owned by hedge funds and other institutional investors.

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

Opera stock opened at $10.13 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 6.03 and a beta of 1.14. Opera Limited has a 1-year low of $6.41 and a 1-year high of $13.93. The company has a fifty day simple moving average of $10.72.

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

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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