Lin Song Sells 25,600 Shares of Opera (NASDAQ:OPRA) Stock

Opera Limited Sponsored ADR (NASDAQ:OPRA) CEO Lin Song sold 25,600 shares of Opera stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $18.88, for a total transaction of $483,328.00. Following the sale, the chief executive officer directly owned 165,246 shares of the company’s stock, valued at approximately $3,119,844.48. This trade represents a 13.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Lin Song also recently made the following trade(s):

• On Thursday, June 18th, Lin Song sold 44,400 shares of Opera stock. The shares were sold at an average price of $18.52, for a total value of $822,288.00.

Opera Price Performance

Opera stock opened at $18.28 on Wednesday. Opera Limited Sponsored ADR has a 1-year low of $11.71 and a 1-year high of $21.06. The stock has a market cap of $1.64 billion, a PE ratio of 14.51 and a beta of 1.30. The stock’s fifty day moving average is $17.88 and its two-hundred day moving average is $15.36.

Opera (NASDAQ:OPRA) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter. Opera had a return on equity of 8.54% and a net margin of 17.72%.The business had revenue of $176.65 million during the quarter. On average, research analysts expect that Opera Limited Sponsored ADR will post 1.12 earnings per share for the current fiscal year.

Opera Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, July 7th will be issued a $0.40 dividend. 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%.

Institutional Investors Weigh In On Opera

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Opera from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Opera in a report on Friday, March 27th. TD Cowen reaffirmed a “buy” rating on shares of Opera in a research report on Friday, March 13th. Finally, Zacks Research lowered shares of Opera from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Opera Company Profile

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.