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

Opera Limited Sponsored ADR (NASDAQ:OPRA) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $23.8333.

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Opera from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Wall Street Zen lowered shares of Opera from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Opera in a research report on Monday.

Institutional Trading of Opera

A number of hedge funds have recently bought and sold shares of OPRA. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Opera in the 3rd quarter valued at $42,000. Huntington National Bank grew its stake in Opera by 37.8% in the third 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. GAMMA Investing LLC raised its holdings in Opera by 46.7% in the second quarter. GAMMA Investing LLC now owns 4,016 shares of the company’s stock worth $76,000 after purchasing an additional 1,279 shares in the last quarter. State of Tennessee Department of Treasury purchased a new stake in shares of Opera during the second quarter valued at about $83,000. Finally, Caption Management LLC purchased a new stake in shares of Opera during the first quarter valued at about $147,000. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Opera Trading Up 0.9%

Shares of Opera stock traded up $0.13 on Wednesday, hitting $14.38. 37,802 shares of the company traded hands, compared to its average volume of 639,285. The company has a market cap of $1.29 billion, a PE ratio of 15.97 and a beta of 1.25. The stock’s 50 day moving average price is $14.46 and its 200-day moving average price is $16.77. Opera has a 52 week low of $12.62 and a 52 week high of $22.50.

Opera Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, January 7th will be issued a dividend of $0.40 per share. This represents a yield of 549.0%. The ex-dividend date of this dividend is Wednesday, January 7th. Opera’s dividend payout ratio (DPR) is presently 86.67%.

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.