Opera Limited Sponsored ADR (NASDAQ:OPRA) Receives $24.90 Consensus Price Target from Brokerages

Opera Limited Sponsored ADR (NASDAQ:OPRA) has been given an average recommendation of “Buy” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $24.90.

A number of equities research analysts have issued reports on the stock. Lake Street Capital increased their price objective on shares of Opera from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Wall Street Zen raised shares of Opera from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Opera in a report on Tuesday, July 8th.

Opera Trading Up 0.1%

Shares of OPRA opened at $16.45 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.17 and a quick ratio of 2.17. Opera has a 1 year low of $12.41 and a 1 year high of $22.50. The company has a 50 day simple moving average of $18.02 and a two-hundred day simple moving average of $17.71. The firm has a market cap of $1.47 billion, a P/E ratio of 17.50 and a beta of 0.96.

Opera Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th were given a dividend of $0.40 per share. This represents a dividend yield of 410.0%. The ex-dividend date was Tuesday, July 8th. Opera’s dividend payout ratio is currently 82.98%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vident Advisory LLC boosted its position in shares of Opera by 11.0% during the 4th quarter. Vident Advisory LLC now owns 16,056 shares of the company’s stock valued at $304,000 after acquiring an additional 1,596 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Opera by 24.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 17,000 shares of the company’s stock worth $271,000 after buying an additional 3,300 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Opera in the fourth quarter worth $201,000. GAMMA Investing LLC lifted its position in Opera by 1,172.0% in the first quarter. GAMMA Investing LLC now owns 43,628 shares of the company’s stock worth $695,000 after buying an additional 40,198 shares during the last quarter. Finally, Spire Wealth Management lifted its position in Opera by 4,112.2% in the first quarter. Spire Wealth Management now owns 37,910 shares of the company’s stock worth $604,000 after buying an additional 37,010 shares during the last quarter. 10.21% of the stock is currently owned by institutional investors.

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.