Insider Selling: Opera (NASDAQ:OPRA) CEO Sells $483,328.00 in Stock

Opera Limited Sponsored ADR (NASDAQ:OPRA) CEO Lin Song sold 25,600 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 165,246 shares in the company, valued at approximately $3,119,844.48. This represents a 13.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $18.52, for a total value of $822,288.00.

Opera Trading Up 0.1%

Shares of OPRA opened at $18.29 on Thursday. The company has a market capitalization of $1.64 billion, a PE ratio of 14.52 and a beta of 1.30. Opera Limited Sponsored ADR has a 12 month low of $11.71 and a 12 month high of $21.06. The stock’s 50-day moving average price is $17.94 and its two-hundred day moving average price is $15.40.

Opera (NASDAQ:OPRA) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.30 EPS 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 for the quarter. Equities research analysts predict that Opera Limited Sponsored ADR will post 1.12 EPS for the current fiscal year.

Opera Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, July 7th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, July 7th. This represents a yield of 441.0%. Opera’s dividend payout ratio is presently 61.90%.

Institutional Investors Weigh In On Opera

Several large investors have recently added to or reduced their stakes in OPRA. Harvey Capital Management Inc. increased its holdings in Opera by 0.9% in the fourth quarter. Harvey Capital Management Inc. now owns 100,950 shares of the company’s stock worth $1,429,000 after purchasing an additional 925 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Opera by 305.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 91,016 shares of the company’s stock worth $1,289,000 after buying an additional 68,549 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Opera during the 1st quarter worth approximately $270,000. State of Tennessee Department of Treasury bought a new stake in shares of Opera in the 2nd quarter valued at $83,000. Finally, Parallel Advisors LLC increased 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 acquiring an additional 2,495 shares in the last quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OPRA. Weiss Ratings restated a “hold (c)” rating on shares of Opera in a research report on Friday, March 27th. Zacks Research cut shares of Opera from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of Opera from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, TD Cowen restated a “buy” rating on shares of Opera in a report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus 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.