Opera Limited Sponsored ADR (NASDAQ:OPRA) Position Increased by Klein Pavlis & Peasley Financial Inc.

Key Points

• Klein Pavlis & Peasley Financial Inc. increased its stake in Opera Limited Sponsored ADR by 30.4%, acquiring an additional 16,997 shares during the first quarter.
• Goldman Sachs has lowered its target price for Opera shares from $26.00 to $22.50, while several analysts maintain a "buy" rating with an average target of $24.90.
• Opera announced a semi-annual dividend of $0.40 per share, representing a significant dividend yield of 410.0%.

Klein Pavlis & Peasley Financial Inc. grew its position in shares of Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) by 30.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,000 shares of the company's stock after buying an additional 16,997 shares during the period. Klein Pavlis & Peasley Financial Inc. owned about 0.08% of Opera worth $1,178,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OPRA. Tower Research Capital LLC TRC increased its position in Opera by 229.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock worth $42,000 after buying an additional 1,548 shares during the period. Calton & Associates Inc. bought a new position in shares of Opera during the first quarter worth about $51,000. Point72 Hong Kong Ltd grew its position in Opera by 457.1% in the 4th quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company's stock worth $74,000 after purchasing an additional 3,200 shares during the last quarter. BNP Paribas Financial Markets increased 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 valued at $156,000 after purchasing an additional 2,181 shares during the period. Finally, State of Tennessee Department of Treasury acquired a new position in shares of Opera during the fourth quarter worth approximately $171,000. Institutional investors and hedge funds own 10.21% of the company's stock.

Wall Street Analyst Weigh In

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

Opera Trading Up 2.3%

Shares of OPRA traded up $0.37 during midday trading on Monday, hitting $16.23. The stock had a trading volume of 324,385 shares, compared to its average volume of 507,366. Opera Limited Sponsored ADR has a fifty-two week low of $10.11 and a fifty-two week high of $22.50. The business has a 50-day simple moving average of $18.29 and a two-hundred day simple moving average of $17.80. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.45 billion, a P/E ratio of 17.27 and a beta of 0.96.

Opera Announces Dividend

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