Opera (NASDAQ:OPRA) Shares Gap Up to $14.91

Opera Limited (NASDAQ:OPRA)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $14.91, but opened at $15.50. Opera shares last traded at $15.43, with a volume of 291,008 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital increased their price objective on shares of Opera from $14.00 to $22.00 in a research report on Thursday, June 15th.

Opera Stock Down 1.5 %

The stock has a market capitalization of $1.34 billion, a PE ratio of 24.08 and a beta of 1.05. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $18.28 and its 200 day moving average is $14.13.

Opera Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, July 12th. Shareholders of record on Friday, June 30th were given a dividend of $0.40 per share. This represents a yield of 2.2%. The ex-dividend date was Thursday, June 29th. Opera’s dividend payout ratio is presently 125.81%.

Institutional Trading of Opera

Institutional investors and hedge funds have recently bought and sold shares of the business. Jump Financial LLC acquired a new stake in Opera during the 1st quarter valued at approximately $307,000. Raymond James & Associates acquired a new stake in Opera during the 1st quarter valued at approximately $182,000. Penn Capital Management Company LLC lifted its stake in Opera by 51.3% during the 4th quarter. Penn Capital Management Company LLC now owns 218,072 shares of the company’s stock valued at $1,372,000 after acquiring an additional 73,933 shares during the period. Russell Investments Group Ltd. lifted its stake in Opera by 187.2% during the 4th quarter. Russell Investments Group Ltd. now owns 81,727 shares of the company’s stock valued at $514,000 after acquiring an additional 53,269 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new stake in Opera during the 2nd quarter valued at approximately $413,000. 8.83% of the stock is currently owned by institutional investors and hedge funds.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. It operates in two segments, Browser and News, and Other. The company offers mobile browser products, such as Opera Mini, Opera for Android and iOS, Opera GX Mobile, and 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.