Opera Limited Sponsored ADR (NASDAQ:OPRA) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) by 1,172.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,628 shares of the company's stock after purchasing an additional 40,198 shares during the quarter. GAMMA Investing LLC's holdings in Opera were worth $695,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in OPRA. Atria Wealth Solutions Inc. lifted its stake in shares of Opera by 17.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,100 shares of the company's stock worth $229,000 after purchasing an additional 1,800 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Opera during the 4th quarter worth $81,000. Handelsbanken Fonder AB lifted its stake in shares of Opera by 2.8% during the 4th quarter. Handelsbanken Fonder AB now owns 21,900 shares of the company's stock worth $415,000 after purchasing an additional 600 shares during the period. Leuthold Group LLC purchased a new position in shares of Opera in the 4th quarter worth $271,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Opera in the 4th quarter worth $1,985,000. Hedge funds and other institutional investors own 10.21% of the company's stock.

Opera Stock Down 3.0%

NASDAQ:OPRA traded down $0.55 during mid-day trading on Friday, hitting $18.03. The company had a trading volume of 699,584 shares, compared to its average volume of 511,751. The business has a fifty day simple moving average of $17.35 and a 200-day simple moving average of $17.94. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. Opera Limited Sponsored ADR has a 1 year low of $10.11 and a 1 year high of $22.50. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 19.18 and a beta of 1.01.

Opera (NASDAQ:OPRA - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Opera had a return on equity of 9.21% and a net margin of 16.15%. The company had revenue of $142.72 million for the quarter, compared to analyst estimates of $132.48 million. During the same period last year, the company posted $0.34 earnings per share. Equities analysts forecast that Opera Limited Sponsored ADR will post 0.81 earnings per share for the current fiscal year.

Opera Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th will be given a $0.40 dividend. This represents a yield of 4.1%. The ex-dividend date is Tuesday, July 8th. Opera's dividend payout ratio (DPR) is presently 82.98%.

Analyst Ratings Changes

Several brokerages recently weighed in on OPRA. Wall Street Zen raised Opera from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. The Goldman Sachs Group cut their target price on Opera from $26.00 to $22.50 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Lake Street Capital increased their target price on Opera from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Opera currently has a consensus rating of "Buy" and a consensus target price of $24.90.

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.