Opera Limited Sponsored ADR (NASDAQ:OPRA) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC cut its stake in Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) by 59.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,500 shares of the company's stock after selling 19,850 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Opera were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in OPRA. Bank of New York Mellon Corp bought a new stake in Opera during the fourth quarter valued at approximately $1,985,000. US Bancorp DE raised its stake in Opera by 2,065.1% during the fourth quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $26,000 after purchasing an additional 1,301 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Opera by 74.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock valued at $30,000 after purchasing an additional 674 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Opera during the fourth quarter valued at $133,000. Finally, Charles Schwab Investment Management Inc. increased its position in Opera by 64.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 121,069 shares of the company's stock valued at $2,293,000 after acquiring an additional 47,652 shares during the last quarter. 10.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on OPRA. The Goldman Sachs Group cut their price objective on shares of Opera from $26.00 to $22.50 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wedbush reiterated an "outperform" rating on shares of Opera in a report on Tuesday. Wall Street Zen upgraded shares of Opera from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Lake Street Capital increased their price target on shares of Opera from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Opera currently has a consensus rating of "Buy" and a consensus target price of $24.90.

Opera Stock Performance

Shares of NASDAQ:OPRA traded down $0.36 during trading on Tuesday, hitting $19.14. 551,588 shares of the stock traded hands, compared to its average volume of 515,780. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $18.32 and a two-hundred day moving average price of $17.93. Opera Limited Sponsored ADR has a 52-week low of $10.11 and a 52-week high of $22.50. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 20.36 and a beta of 0.98.

Opera (NASDAQ:OPRA - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $142.72 million during the quarter, compared to analysts' expectations of $132.48 million. Opera had a net margin of 16.15% and a return on equity of 9.21%. During the same period in the previous year, the business posted $0.34 EPS. As a group, equities analysts predict that Opera Limited Sponsored ADR will post 0.81 EPS for the current year.

Opera Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.40 per share. This represents a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, July 8th. Opera's payout ratio is 82.98%.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.