Opera Limited Sponsored ADR $OPRA Holdings Boosted by Driehaus Capital Management LLC

Key Points

• Driehaus Capital Management LLC increased its stake in Opera Limited by 14.4%, acquiring an additional 80,866 shares during the first quarter, bringing its total ownership to approximately 0.73% worth $10.25 million.
• Opera recently declared a semi-annual dividend of $0.40 per share, resulting in a dividend yield of 410.0%, with a payout ratio of 87.64%.
• The company's latest earnings report showed earnings per share of $0.26, missing expectations by $0.01, while revenues exceeded estimates at $142.96 million.

Driehaus Capital Management LLC raised its stake in shares of Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) by 14.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 642,965 shares of the company's stock after purchasing an additional 80,866 shares during the period. Driehaus Capital Management LLC owned 0.73% of Opera worth $10,249,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OPRA. Raymond James Financial Inc. purchased a new position in Opera in the fourth quarter valued at approximately $1,634,000. Tower Research Capital LLC TRC boosted its position in Opera by 229.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock worth $42,000 after purchasing an additional 1,548 shares during the period. State of Tennessee Department of Treasury acquired a new stake in Opera in the 4th quarter valued at $171,000. Stifel Financial Corp raised its position in Opera by 22.1% in the fourth quarter. Stifel Financial Corp now owns 28,175 shares of the company's stock valued at $534,000 after purchasing an additional 5,100 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Opera during the fourth quarter worth about $201,000. Institutional investors and hedge funds own 10.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on OPRA. Wedbush reissued an "outperform" rating on shares of Opera in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of Opera from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $24.90.

Opera Stock Up 0.1%

OPRA traded up $0.02 during trading on Thursday, hitting $17.77. The company had a trading volume of 861,062 shares, compared to its average volume of 556,401. Opera Limited Sponsored ADR has a 1-year low of $12.83 and a 1-year high of $22.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.43 and a quick ratio of 2.43. The company has a market cap of $1.59 billion, a PE ratio of 19.98 and a beta of 1.03. The business has a 50-day moving average of $17.36 and a 200-day moving average of $17.37.

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

Opera Dividend Announcement

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

Opera Company Profile

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.