Opera (NASDAQ:OPRA) Shares Gap Up - Here's What Happened

Key Points

• Opera Limited's shares gapped up from a previous close of $16.05 to an opening of $16.75, and are currently trading at $17.76, reflecting an increase of 11.5%.
• Analysts maintain a consensus "Buy" rating for Opera, with an average price target of $24.90, despite a recent earnings miss in which the company reported $0.26 earnings per share against an estimate of $0.27.
• The company has declared a semi-annual dividend of $0.40 per share, resulting in a high dividend yield of 410.0% and a dividend payout ratio of 87.64%.

Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $16.05, but opened at $16.75. Opera shares last traded at $17.76, with a volume of 125,547 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OPRA shares. Wedbush reissued an "outperform" rating on shares of Opera in a research note on Tuesday, July 8th. Wall Street Zen lowered shares of Opera from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $24.90.

Opera Stock Up 11.5%

The company's fifty day moving average price is $17.37 and its 200-day moving average price is $17.37. The stock has a market capitalization of $1.60 billion, a PE ratio of 20.02 and a beta of 1.03. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.01.

Opera (NASDAQ:OPRA - Get Free Report) last released its earnings results 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). Opera had a net margin of 14.53% and a return on equity of 8.85%. The business had revenue of $142.96 million for the quarter, compared to analysts' expectations of $137.44 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that Opera Limited Sponsored ADR will post 0.81 earnings per share for the current year.

Opera Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 8th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a dividend yield of 410.0%. Opera's dividend payout ratio (DPR) is 87.64%.

Institutional Investors Weigh In On Opera

Several institutional investors and hedge funds have recently made changes to their positions in the company. Driehaus Capital Management LLC bought a new stake in Opera in the 4th quarter worth approximately $10,646,000. Tidal Investments LLC grew its position in Opera by 75.6% in the 4th quarter. Tidal Investments LLC now owns 1,176,565 shares of the company's stock worth $22,284,000 after purchasing an additional 506,425 shares during the period. Point72 Asset Management L.P. grew its position in Opera by 176.5% in the 4th quarter. Point72 Asset Management L.P. now owns 159,000 shares of the company's stock worth $3,011,000 after purchasing an additional 101,500 shares during the period. Maxi Investments CY Ltd grew its position in Opera by 270.5% in the 1st quarter. Maxi Investments CY Ltd now owns 128,309 shares of the company's stock worth $2,045,000 after purchasing an additional 93,682 shares during the period. Finally, Voloridge Investment Management LLC grew its position in Opera by 233.3% in the 4th quarter. Voloridge Investment Management LLC now owns 111,255 shares of the company's stock worth $2,107,000 after purchasing an additional 77,875 shares during the period. Institutional investors own 10.21% of the company's stock.

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.

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