Opera Limited Sponsored ADR $OPRA Shares Bought by Samalin Investment Counsel LLC

Key Points

• Samalin Investment Counsel LLC increased its stake in Opera Limited by 34.3%, now owning approximately $1,094,000 worth of shares.
• Analysts have mixed opinions on Opera with Lake Street Capital raising the stock's price target to $24.00, while Wall Street Zen downgraded it to a hold rating.
• Opera recently announced a semi-annual dividend of $0.40, translating to a yield of 410.0%, with a dividend payout ratio of 87.64%.

Samalin Investment Counsel LLC boosted its position in Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) by 34.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,604 shares of the company's stock after purchasing an additional 17,524 shares during the quarter. Samalin Investment Counsel LLC owned about 0.08% of Opera worth $1,094,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in Opera by 229.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock valued at $42,000 after purchasing an additional 1,548 shares during the last quarter. Calton & Associates Inc. bought a new stake in Opera in the 1st quarter valued at about $51,000. Point72 Hong Kong Ltd lifted 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 valued at $74,000 after purchasing an additional 3,200 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Opera by 36.1% in the 4th 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 last quarter. Finally, State of Tennessee Department of Treasury bought a new stake in Opera in the 4th quarter valued at about $171,000. 10.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OPRA has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Opera from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Wedbush restated an "outperform" rating on shares of Opera in a research report on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Opera currently has a consensus rating of "Buy" and an average price target of $24.90.

Opera Price Performance

Shares of OPRA stock traded down $0.51 during midday trading on Friday, reaching $16.25. 392,985 shares of the company were exchanged, compared to its average volume of 813,565. Opera Limited Sponsored ADR has a 12 month low of $12.83 and a 12 month high of $22.50. The company has a market cap of $1.45 billion, a P/E ratio of 18.26 and a beta of 0.96. The company's 50 day moving average price is $17.44 and its two-hundred day moving average price is $17.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.43 and a current ratio of 2.43.

Opera (NASDAQ:OPRA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.26 earnings per share (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 return on equity of 8.85% and a net margin of 14.53%.During the same period in the prior year, the firm earned $0.44 EPS. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts expect that Opera Limited Sponsored ADR will post 0.81 earnings per share for the current year.

Opera Announces Dividend

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