Opera Limited Sponsored ADR (NASDAQ:OPRA) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Opera Limited Sponsored ADR (NASDAQ:OPRA) has received a consensus recommendation of "Buy" from six equity research analysts, with an average price target of $24.90.
• Recent institutional activities show significant increases in holdings, with GAMMA Investing LLC raising its stake by 46.7% and Tower Research Capital LLC increasing their position by 229.7%.
• Opera recently announced a $0.40 semi-annual dividend, resulting in a yield of 410.0%, with a dividend payout ratio of 82.98%.

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report) have been given an average recommendation of "Buy" by the six ratings firms that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $24.90.

Several equities analysts have recently issued reports on OPRA shares. The Goldman Sachs Group reduced their price target 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. Wedbush restated an "outperform" rating on shares of Opera in a report on Tuesday, July 8th. Wall Street Zen upgraded shares of Opera from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Lake Street Capital lifted their price target on Opera from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th.

Institutional Investors Weigh In On Opera

A number of institutional investors have recently modified their holdings of OPRA. GAMMA Investing LLC grew its stake in Opera by 46.7% in the second quarter. GAMMA Investing LLC now owns 4,016 shares of the company's stock valued at $76,000 after purchasing an additional 1,279 shares in the last quarter. Cetera Investment Advisers raised its position in Opera by 5.4% during the first quarter. Cetera Investment Advisers now owns 30,116 shares of the company's stock valued at $480,000 after acquiring an additional 1,535 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Opera by 229.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock valued at $42,000 after acquiring an additional 1,548 shares in the last quarter. Vident Advisory LLC grew its position in Opera by 11.0% in the fourth quarter. Vident Advisory LLC now owns 16,056 shares of the company's stock worth $304,000 after acquiring an additional 1,596 shares in the last quarter. Finally, American Trust Investment Advisors LLC raised its holdings in shares of Opera by 0.9% during the 1st quarter. American Trust Investment Advisors LLC now owns 181,560 shares of the company's stock valued at $2,894,000 after purchasing an additional 1,683 shares in the last quarter. Institutional investors and hedge funds own 10.21% of the company's stock.

Opera Stock Performance

Shares of OPRA stock opened at $16.43 on Thursday. The company has a market cap of $1.47 billion, a P/E ratio of 17.48 and a beta of 0.96. The business has a 50 day moving average of $18.22 and a two-hundred day moving average of $17.78. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.01. Opera has a 52 week low of $11.05 and a 52 week high of $22.50.

Opera Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th were paid a $0.40 dividend. This represents a yield of 410.0%. The ex-dividend date was Tuesday, July 8th. Opera's dividend payout ratio is currently 82.98%.

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.

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