Opera Limited Sponsored ADR $OPRA Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers increased its holdings in Opera Limited Sponsored ADR (NASDAQ:OPRA) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,116 shares of the company’s stock after acquiring an additional 1,535 shares during the quarter. Cetera Investment Advisers’ holdings in Opera were worth $480,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in Opera by 229.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company’s stock valued at $42,000 after buying an additional 1,548 shares during the period. Vident Advisory LLC increased its stake in Opera by 11.0% in the 4th quarter. Vident Advisory LLC now owns 16,056 shares of the company’s stock valued at $304,000 after buying an additional 1,596 shares during the period. BNP Paribas Financial Markets increased its stake in Opera by 36.1% in the 4th quarter. BNP Paribas Financial Markets now owns 8,215 shares of the company’s stock valued at $156,000 after buying an additional 2,181 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Opera by 2.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 108,571 shares of the company’s stock valued at $1,731,000 after buying an additional 2,698 shares during the period. Finally, American Trust Investment Advisors LLC grew its stake in shares of Opera by 1.6% during the 4th quarter. American Trust Investment Advisors LLC now owns 179,877 shares of the company’s stock worth $3,407,000 after purchasing an additional 2,780 shares during the period. 10.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OPRA. Lake Street Capital upped their price target on shares of Opera from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Wall Street Zen upgraded shares of Opera from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. Finally, Wedbush reiterated an “outperform” rating on shares of Opera in a research report on Tuesday, July 8th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $24.90.

Opera Price Performance

NASDAQ:OPRA opened at $16.32 on Monday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 17.36 and a beta of 0.96. Opera Limited Sponsored ADR has a 12-month low of $12.56 and a 12-month high of $22.50. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $17.91 and its two-hundred day moving average is $17.67.

Opera Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th were issued a dividend of $0.40 per share. This represents a dividend yield of 410.0%. The ex-dividend date was Tuesday, July 8th. Opera’s dividend payout ratio is presently 82.98%.

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.