Shares of Opera Ltd (NASDAQ:OPRA) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.42 and last traded at $5.71, with a volume of 5702 shares. The stock had previously closed at $5.71.

Separately, Citigroup began coverage on shares of Opera in a research note on Thursday, November 29th. They issued a “buy” rating and a $9.00 target price on the stock.

Opera (NASDAQ:OPRA) last posted its earnings results on Thursday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $44.67 million during the quarter.

Several institutional investors have recently bought and sold shares of OPRA. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Opera during the 3rd quarter valued at $14,202,000. ARK Investment Management LLC purchased a new stake in shares of Opera during the 3rd quarter valued at $5,681,000. BlackRock Inc. purchased a new stake in shares of Opera during the 3rd quarter valued at $4,785,000. FIL Ltd purchased a new stake in shares of Opera during the 3rd quarter valued at $4,066,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Opera during the 3rd quarter valued at $2,179,000. Hedge funds and other institutional investors own 4.41% of the company’s stock.

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Opera Company Profile (NASDAQ:OPRA)

Opera Limited, through with its subsidiaries, provides mobile and PC browsers worldwide. It offers mobile browser products under the Opera Mini, Opera for Android, and Opera Touch names; PC browser under the Opera for Computers name; and Opera News, a personalized news aggregation app. Opera Limited has a strategic partnership with Ledger Capital.

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