Opera Ltd
In the published model solve dated 2026-Q2, anchored at $19.94, Opera Ltd (OPRA) is priced for today's economics sustained for ~8.3 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
The decisive number for Opera is ARPU. Annualized revenue per user rose 25% year over year in Q1 2026, driven by higher engagement and AI integration. Opera is not chasing user count; it is monetizing the users it has, and that single line is what the thesis rests on. Unlike most names in this batch, Opera does not look stretched. At $18.51 the blended estimate sits above the price near $28, and the price is justified by the relative-multiple and growth-DCF families. The implied-expectations re
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133 institutional managers reported holding OPRA in 13F filings for the quarter ended 2026-03-31. Together they hold about 15% of the company; the top 10 hold 10%. 25 opened new positions that quarter. Held by Schonfeld Strategic Advisors, Arrowstreet Capital, Susquehanna International Group, among others. On the short side, 2.0M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (5.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
OPRA has cut its share count 61.1% over the past five years. It pays a dividend, and has for 3 years running. Cash returned over the past three years: $248.79M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.