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

Opera Limited Sponsored ADR (NASDAQ:OPRA) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $23.8333.

A number of analysts recently commented on OPRA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Opera in a research report on Monday, December 29th. Zacks Research raised shares of Opera from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th.

Opera Trading Up 0.5%

NASDAQ:OPRA opened at $14.23 on Friday. The company has a market cap of $1.28 billion, a PE ratio of 15.81 and a beta of 1.24. The company has a 50 day simple moving average of $13.98 and a two-hundred day simple moving average of $16.39. Opera has a 12 month low of $12.62 and a 12 month high of $22.50.

Opera Announces Dividend

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

Institutional Investors Weigh In On Opera

Several hedge funds and other institutional investors have recently modified their holdings of OPRA. Goldman Sachs Group Inc. raised its holdings in Opera by 24.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 153,906 shares of the company’s stock worth $2,453,000 after purchasing an additional 30,662 shares during the period. Harvey Capital Management Inc. increased its position in Opera by 171.8% in the third quarter. Harvey Capital Management Inc. now owns 100,025 shares of the company’s stock worth $2,065,000 after buying an additional 63,225 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Opera in the first quarter worth about $695,000. Vident Advisory LLC lifted its position in shares of Opera by 53.6% during the 1st quarter. Vident Advisory LLC now owns 24,668 shares of the company’s stock valued at $393,000 after buying an additional 8,612 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of Opera during the 1st quarter valued at about $270,000. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

About Opera

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.