Opera Limited Sponsored ADR (NASDAQ:OPRA) Receives $21.50 Average Target Price from Analysts

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) have earned an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $21.50.

OPRA has been the topic of several recent analyst reports. Zacks Research lowered shares of Opera from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen raised Opera from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. TD Cowen reaffirmed a “buy” rating on shares of Opera in a research report on Friday, March 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Opera in a report on Friday, March 27th.

Opera Stock Performance

NASDAQ:OPRA opened at $19.90 on Friday. Opera has a 1-year low of $11.71 and a 1-year high of $21.06. The business’s 50-day moving average price is $18.30 and its two-hundred day moving average price is $15.65. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 15.79 and a beta of 1.31.

Opera Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, July 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, July 7th. This represents a dividend yield of 441.0%. Opera’s dividend payout ratio (DPR) is presently 61.90%.

Insider Buying and Selling at Opera

In other Opera news, CEO Lin Song sold 44,400 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $18.52, for a total transaction of $822,288.00. Following the sale, the chief executive officer directly owned 120,846 shares of the company’s stock, valued at $2,238,067.92. The trade was a 26.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 84.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Opera

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in Opera by 24.9% during the first quarter. Goldman Sachs Group Inc. now owns 153,906 shares of the company’s stock worth $2,453,000 after acquiring an additional 30,662 shares in the last quarter. Harvey Capital Management Inc. boosted its holdings in shares of Opera by 0.9% during the 4th quarter. Harvey Capital Management Inc. now owns 100,950 shares of the company’s stock worth $1,429,000 after buying an additional 925 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Opera by 305.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 91,016 shares of the company’s stock worth $1,289,000 after buying an additional 68,549 shares during the period. Bradley Foster & Sargent Inc. CT grew its stake in Opera by 35.3% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 29,146 shares of the company’s stock valued at $416,000 after buying an additional 7,607 shares during the last quarter. Finally, Handelsbanken Fonder AB acquired a new position in Opera in the 4th quarter valued at about $355,000. Institutional investors own 10.21% of the company’s stock.

Opera Company Profile

Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.