Opera Limited Sponsored ADR $OPRA Shares Bought by Credit Agricole S A

Key Points

• Credit Agricole S A increased its holdings in Opera Limited to $3.69 million, representing a 29.0% growth in the first quarter.
• Opera Limited reported a Q2 EPS of $0.26, slightly missing the consensus estimate, but achieved revenue of $142.96 million surpassing predictions.
• The company declared a semi-annual dividend of $0.40, resulting in a substantial dividend yield of 410.0% and a payout ratio of 87.64%.

Credit Agricole S A lifted its position in shares of Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) by 29.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,523 shares of the company's stock after acquiring an additional 52,020 shares during the quarter. Credit Agricole S A owned 0.26% of Opera worth $3,690,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC purchased a new position in shares of Opera during the 4th quarter worth approximately $10,646,000. Tidal Investments LLC boosted its position in shares of Opera by 75.6% during the 4th quarter. Tidal Investments LLC now owns 1,176,565 shares of the company's stock worth $22,284,000 after purchasing an additional 506,425 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Opera during the 4th quarter worth $7,535,000. Point72 Asset Management L.P. grew its stake in shares of Opera by 176.5% during the 4th quarter. Point72 Asset Management L.P. now owns 159,000 shares of the company's stock worth $3,011,000 after purchasing an additional 101,500 shares during the period. Finally, Maxi Investments CY Ltd increased its holdings in shares of Opera by 270.5% in the 1st quarter. Maxi Investments CY Ltd now owns 128,309 shares of the company's stock valued at $2,045,000 after purchasing an additional 93,682 shares in the last quarter. Hedge funds and other institutional investors own 10.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OPRA shares. Wedbush restated an "outperform" rating on shares of Opera in a research report on Tuesday, July 8th. Wall Street Zen cut Opera from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Lake Street Capital upped their price target on shares of Opera from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $24.90.

Opera Trading Down 0.2%

Shares of OPRA traded down $0.04 during trading hours on Wednesday, hitting $16.42. The stock had a trading volume of 240,991 shares, compared to its average volume of 545,071. Opera Limited Sponsored ADR has a 12-month low of $12.83 and a 12-month high of $22.50. The firm has a market cap of $1.47 billion, a P/E ratio of 18.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.43 and a current ratio of 2.43. The company's fifty day simple moving average is $17.55 and its 200 day simple moving average is $17.55.

Opera (NASDAQ:OPRA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $142.96 million for the quarter, compared to analyst estimates of $137.44 million. Opera had a return on equity of 8.85% and a net margin of 14.53%.During the same quarter in the prior year, the company earned $0.44 earnings per share. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts forecast that Opera Limited Sponsored ADR will post 0.81 EPS for the current fiscal year.

Opera Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a dividend yield of 410.0%. Opera's dividend payout ratio is presently 87.64%.

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.