OMERS ADMINISTRATION Corp Invests $292,000 in Opera Limited Sponsored ADR $OPRA

Key Points

• OMERS ADMINISTRATION Corp has purchased a new stake in Opera Limited Sponsored ADR, acquiring 18,300 shares valued at approximately $292,000 in the first quarter.
• Several institutional investors have recently increased their holdings in Opera, with notable boosts from Tower Research Capital, Point72 Hong Kong, and BNP Paribas Financial Markets.
• Opera reported a quarterly earnings per share of $0.26, slightly below estimates, and announced a semi-annual dividend of $0.40 per share, yielding 410.0%.

OMERS ADMINISTRATION Corp purchased a new position in Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,300 shares of the company's stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its stake 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 in the last quarter. Calton & Associates Inc. bought a new position in Opera in the first quarter valued at about $51,000. Point72 Hong Kong Ltd boosted its stake in shares of Opera by 457.1% during the fourth quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company's stock valued at $74,000 after purchasing an additional 3,200 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Opera by 36.1% in the fourth quarter. BNP Paribas Financial Markets now owns 8,215 shares of the company's stock worth $156,000 after acquiring an additional 2,181 shares during the period. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Opera by 56.7% in the first quarter. SBI Securities Co. Ltd. now owns 10,992 shares of the company's stock worth $175,000 after acquiring an additional 3,976 shares during the period. 10.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OPRA. Zacks Research cut Opera from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 3rd. Wall Street Zen lowered Opera from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Wedbush reaffirmed an "outperform" rating on shares of Opera in a research note on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.90.

Opera Trading Up 6.8%

NASDAQ OPRA traded up $1.22 during mid-day trading on Monday, reaching $19.04. 1,100,105 shares of the stock were exchanged, compared to its average volume of 564,110. Opera Limited Sponsored ADR has a 1-year low of $12.83 and a 1-year high of $22.50. The stock has a market capitalization of $1.70 billion, a PE ratio of 21.24 and a beta of 1.03. 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 business's fifty day simple moving average is $17.33 and its 200 day simple moving average is $17.27.

Opera (NASDAQ:OPRA - Get Free Report) last posted 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 business had revenue of $142.96 million during the quarter, compared to analyst estimates of $137.44 million. Opera had a net margin of 14.53% and a return on equity of 8.85%. During the same period last year, the firm posted $0.44 earnings per share. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts anticipate that Opera Limited Sponsored ADR will post 0.81 earnings per share for the current fiscal year.

Opera Announces Dividend

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