Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report) shares dropped 6.1% during mid-day trading on Friday . The stock traded as low as $18.45 and last traded at $18.50. Approximately 513,449 shares were traded during trading, a decline of 0% from the average daily volume of 515,230 shares. The stock had previously closed at $19.71.
Wall Street Analyst Weigh In
OPRA has been the topic of several research reports. Lake Street Capital increased their price target on shares of Opera from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Wall Street Zen raised shares of Opera from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Wedbush reissued an "outperform" rating on shares of Opera in a research report on Tuesday. Finally, The Goldman Sachs Group reduced their price target on shares of Opera from $26.00 to $22.50 and set a "buy" rating on the stock in a research report on Monday, April 14th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $24.90.
View Our Latest Stock Report on OPRA
Opera Trading Down 6.4%
The firm has a market capitalization of $1.65 billion, a PE ratio of 19.41 and a beta of 0.98. The company's 50-day moving average price is $18.44 and its 200-day moving average price is $17.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 2.17.
Opera (NASDAQ:OPRA - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $142.72 million during the quarter, compared to analysts' expectations of $132.48 million. Opera had a net margin of 16.15% and a return on equity of 9.21%. During the same period in the previous year, the company earned $0.34 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 company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a dividend yield of 4.1%. Opera's dividend payout ratio (DPR) is currently 82.98%.
Institutional Investors Weigh In On Opera
Institutional investors have recently modified their holdings of the company. US Bancorp DE raised its stake in Opera by 2,065.1% during the 4th quarter. US Bancorp DE now owns 1,364 shares of the company's stock worth $26,000 after acquiring an additional 1,301 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Opera by 74.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock worth $30,000 after acquiring an additional 674 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Opera by 229.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company's stock worth $42,000 after acquiring an additional 1,548 shares in the last quarter. Calton & Associates Inc. acquired a new stake in Opera during the 1st quarter worth $51,000. Finally, Point72 Hong Kong Ltd raised its stake in Opera by 457.1% during the 4th quarter. Point72 Hong Kong Ltd now owns 3,900 shares of the company's stock worth $74,000 after acquiring an additional 3,200 shares in the last quarter. 10.21% of the stock is owned by hedge funds and other institutional investors.
About Opera
(
Get Free Report)
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.
See Also
Before you consider Opera, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Opera wasn't on the list.
While Opera currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
