Left Brain Wealth Management LLC Has $167,000 Position in Opera Limited Sponsored ADR (NASDAQ:OPRA)

Left Brain Wealth Management LLC trimmed its stake in Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) by 73.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 10,490 shares of the company's stock after selling 28,400 shares during the quarter. Left Brain Wealth Management LLC's holdings in Opera were worth $167,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in Opera in the 4th quarter valued at about $1,985,000. US Bancorp DE grew its stake in shares of Opera by 2,065.1% in the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock worth $26,000 after purchasing an additional 1,301 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Opera by 74.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock worth $30,000 after purchasing an additional 674 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Opera by 64.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 121,069 shares of the company's stock worth $2,293,000 after purchasing an additional 47,652 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Opera during the fourth quarter worth approximately $1,634,000. 10.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OPRA has been the subject of several analyst reports. The Goldman Sachs Group reduced their target price on Opera from $26.00 to $22.50 and set a "buy" rating for the company in a report on Monday, April 14th. Lake Street Capital raised their price objective on Opera from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Wedbush reiterated an "outperform" rating on shares of Opera in a report on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of Opera from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $24.90.

Opera Stock Down 0.4%

Shares of Opera stock traded down $0.08 during trading on Wednesday, hitting $18.61. 358,073 shares of the stock traded hands, compared to its average volume of 517,478. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a market cap of $1.67 billion, a P/E ratio of 19.80 and a beta of 0.98. Opera Limited Sponsored ADR has a twelve month low of $10.11 and a twelve month high of $22.50. The company has a fifty day moving average price of $18.52 and a two-hundred day moving average price of $17.93.

Opera (NASDAQ:OPRA - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the company posted $0.34 earnings per share. Equities research analysts predict that Opera Limited Sponsored ADR will post 0.81 EPS for the current fiscal year.

Opera Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th were issued a $0.40 dividend. This represents a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, July 8th. Opera's dividend payout ratio (DPR) is currently 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.