Analysts Set Opera Limited Sponsored ADR (NASDAQ:OPRA) Price Target at $23.83

Opera Limited Sponsored ADR (NASDAQ:OPRA) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $23.8333.

A number of research analysts have issued reports on OPRA shares. Zacks Research lowered Opera from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Wall Street Zen downgraded shares of Opera from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Opera in a research report on Monday, December 1st.

Hedge Funds Weigh In On Opera

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank grew its position in 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 purchasing an additional 906 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 1,279 shares during the period. Cetera Investment Advisers grew its holdings in shares of Opera by 5.4% during the first quarter. Cetera Investment Advisers now owns 30,116 shares of the company’s stock valued at $480,000 after buying an additional 1,535 shares in the last quarter. American Trust Investment Advisors LLC raised its position in Opera by 0.9% during the first quarter. American Trust Investment Advisors LLC now owns 181,560 shares of the company’s stock valued at $2,894,000 after buying an additional 1,683 shares during the period. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in Opera in the 3rd quarter worth about $42,000. 10.21% of the stock is owned by institutional investors.

Opera Trading Down 2.1%

NASDAQ OPRA opened at $14.27 on Wednesday. The company has a 50-day moving average price of $14.60 and a two-hundred day moving average price of $16.83. Opera has a 52 week low of $12.62 and a 52 week high of $22.50. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 15.86 and a beta of 1.25.

Opera Dividend Announcement

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