On February 13, 2023 at 14:19:07 (ET) an unusually large $68.38K block of Call contracts in Opera (OPRA) was bought, with a strike price of $9.22 / share, expiring in 32 days (on March 17, 2023). Fintel tracks all large options trades, and the premium spent on this trade was ? sigmas above the mean, placing it in the percentile of all recent large trades made in OPRA options.
Analyst Price Forecast Suggests 23.34% Upside
As of February 13, 2023, the average one-year price target for Opera is $9.39. The forecasts range from a low of $6.06 to a high of $13.12. The average price target represents an increase of 23.34% from its latest reported closing price of $7.61.
The projected annual revenue for Opera is $387MM, an increase of 25.87%. The projected annual EPS is $0.66.
What is the Fund Sentiment?
There are 44 funds or institutions reporting positions in Opera. This is a decrease of 3 owner(s) or 6.38% in the last quarter. Average portfolio weight of all funds dedicated to OPRA is 0.30%, an increase of 8.41%. Total shares owned by institutions decreased in the last three months by 11.53% to 6,580K shares. The put/call ratio of OPRA is 0.24, indicating a bullish outlook.
What are large shareholders doing?
Greenhouse Funds LLLP holds 2,100K shares representing 2.35% ownership of the company. In it’s prior filing, the firm reported owning 1,970K shares, representing an increase of 6.21%. The firm increased its portfolio allocation in OPRA by 8.70% over the last quarter.
J. Goldman & Co holds 1,265K shares representing 1.41% ownership of the company. In it’s prior filing, the firm reported owning 1,256K shares, representing an increase of 0.71%. The firm decreased its portfolio allocation in OPRA by 2.63% over the last quarter.
RAMSX – Roumell Opportunistic Value Fund Institutional Class holds 895K shares representing 1.00% ownership of the company. No change in the last quarter.
Roumell Asset Management holds 895K shares representing 1.00% ownership of the company. No change in the last quarter.
Millennium Management holds 170K shares representing 0.19% ownership of the company. In it’s prior filing, the firm reported owning 137K shares, representing an increase of 19.31%. The firm increased its portfolio allocation in OPRA by 16.28% over the last quarter.
Opera Background Information
(This description is provided by the company.)
Founded in 1995 in Norway, Opera delivers browsers and AI-driven digital content discovery solutions to more than 380 million MAUs worldwide. The quickly growing company remains one of the most innovative browser creators in the world.
This article originally appeared on Fintel
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