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

Opera Limited Sponsored ADR (NASDAQ:OPRA) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $23.50.

Several research analysts have commented on the company. The Goldman Sachs Group cut their target price on Opera from $24.50 to $21.50 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Zacks Research upgraded Opera from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Opera in a research note on Monday, December 29th.

Hedge Funds Weigh In On Opera

A number of hedge funds have recently bought and sold shares of the company. Foster Dykema Cabot & Partners LLC bought a new stake in Opera during the third quarter valued at $42,000. Huntington National Bank lifted its stake in shares of Opera by 37.8% in the 3rd quarter. Huntington National Bank now owns 3,305 shares of the company’s stock valued at $68,000 after purchasing an additional 906 shares during the period. GAMMA Investing LLC lifted its stake in shares of Opera by 46.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,016 shares of the company’s stock valued at $76,000 after purchasing an additional 1,279 shares during the period. State of Tennessee Department of Treasury bought a new stake in shares of Opera during the 2nd quarter valued at about $83,000. Finally, IFP Advisors Inc grew its stake in Opera by 127.0% during the third quarter. IFP Advisors Inc now owns 11,350 shares of the company’s stock worth $234,000 after purchasing an additional 6,350 shares during the period. Institutional investors own 10.21% of the company’s stock.

Opera Stock Performance

Shares of NASDAQ:OPRA opened at $14.18 on Thursday. Opera has a 52 week low of $12.62 and a 52 week high of $22.50. The firm has a market cap of $1.27 billion, a PE ratio of 15.76 and a beta of 1.24. The firm’s fifty day moving average is $13.92 and its 200-day moving average is $15.75.

Opera Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, January 7th were paid a $0.40 dividend. This represents a dividend yield of 554.0%. The ex-dividend date of this dividend was Wednesday, January 7th. Opera’s dividend payout ratio is currently 86.67%.

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.