GAMMA Investing LLC lifted its holdings in shares of Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) by 1,172.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,628 shares of the company's stock after buying an additional 40,198 shares during the quarter. GAMMA Investing LLC's holdings in Opera were worth $695,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Atria Wealth Solutions Inc. raised its stake in Opera by 17.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,100 shares of the company's stock valued at $229,000 after purchasing an additional 1,800 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Opera in the 4th quarter worth $81,000. Handelsbanken Fonder AB increased its stake in shares of Opera by 2.8% in the 4th quarter. Handelsbanken Fonder AB now owns 21,900 shares of the company's stock worth $415,000 after acquiring an additional 600 shares during the last quarter. Leuthold Group LLC acquired a new position in shares of Opera in the 4th quarter worth approximately $271,000. Finally, Bank of New York Mellon Corp acquired a new position in Opera during the fourth quarter worth $1,985,000. 10.21% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
OPRA has been the subject of a number of research analyst reports. Wall Street Zen upgraded Opera from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. The Goldman Sachs Group dropped their target price on Opera from $26.00 to $22.50 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Lake Street Capital upped their price target on 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 company presently has a consensus rating of "Buy" and an average price target of $24.90.
View Our Latest Analysis on OPRA
Opera Price Performance
Opera stock opened at $18.44 on Wednesday. The business has a 50 day simple moving average of $17.15 and a 200-day simple moving average of $17.97. The stock has a market capitalization of $1.65 billion, a PE ratio of 19.62 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.17 and a quick ratio of 2.17. Opera Limited Sponsored ADR has a 12 month low of $10.11 and a 12 month high of $22.50.
Opera (NASDAQ:OPRA - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The business had revenue of $142.72 million for the quarter, compared to analyst estimates of $132.48 million. Opera had a return on equity of 9.21% and a net margin of 16.15%. During the same quarter last year, the company earned $0.34 earnings per share. Equities analysts predict that Opera Limited Sponsored ADR will post 0.81 earnings per share for the current year.
Opera Announces Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a dividend yield of 4.1%. Opera's dividend payout ratio (DPR) is 82.98%.
About Opera
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding OPRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report).
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