Opera Limited Sponsored ADR (NASDAQ:OPRA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $21.50.

Several research analysts have recently issued reports on OPRA shares. Wall Street Zen upgraded shares of Opera from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. TD Cowen reiterated a “buy” rating on shares of Opera in a research note on Friday, March 13th. Zacks Research lowered shares of Opera from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Opera in a report on Friday, March 27th.

Insider Activity at Opera

In other Opera news, CEO Lin Song sold 44,400 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $18.52, for a total value of $822,288.00. Following the transaction, the chief executive officer directly owned 120,846 shares in the company, valued at $2,238,067.92. The trade was a 26.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 84.36% of the company’s stock.

Institutional Trading of Opera

Large investors have recently modified their holdings of the stock. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Opera in the 3rd quarter valued at approximately $42,000. Parallel Advisors LLC lifted its stake in shares of Opera by 459.5% in the 1st quarter. Parallel Advisors LLC now owns 3,038 shares of the company’s stock valued at $43,000 after purchasing an additional 2,495 shares during the period. Huntington National Bank grew its position in shares of Opera by 37.8% during the 3rd quarter. Huntington National Bank now owns 3,305 shares of the company’s stock worth $68,000 after buying an additional 906 shares during the period. State of Tennessee Department of Treasury bought a new position in shares of Opera during the 2nd quarter worth about $83,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Opera during the first quarter worth approximately $141,000. 10.21% of the stock is owned by institutional investors and hedge funds.

Opera Price Performance

Opera stock opened at $19.90 on Friday. The company’s fifty day moving average price is $18.25 and its two-hundred day moving average price is $15.62. Opera has a one year low of $11.71 and a one year high of $21.06. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 15.79 and a beta of 1.31.

Opera (NASDAQ:OPRA) last posted its earnings results on Saturday, February 14th. The company reported $0.30 earnings per share for the quarter. Opera had a return on equity of 8.54% and a net margin of 17.72%.The firm had revenue of $176.65 million during the quarter. As a group, sell-side analysts anticipate that Opera will post 1.12 earnings per share for the current year.

Opera Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, July 7th will be given a dividend of $0.40 per share. This represents a yield of 441.0%. The ex-dividend date of this dividend is Tuesday, July 7th. Opera’s dividend payout ratio is 61.90%.

About Opera

Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.