Opera (NASDAQ:OPRA) CEO Lin Song Sells 25,600 Shares

Opera Limited Sponsored ADR (NASDAQ:OPRAGet Free Report) CEO Lin Song sold 25,600 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 165,246 shares of the company’s stock, valued at approximately $3,119,844.48. This trade represents a 13.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 transaction of $822,288.00.

Opera Stock Up 0.5%

Shares of NASDAQ:OPRA traded up $0.10 during trading on Monday, reaching $18.62. 461,247 shares of the company’s stock traded hands, compared to its average volume of 590,373. Opera Limited Sponsored ADR has a fifty-two week low of $11.71 and a fifty-two week high of $21.06. The firm has a market cap of $1.67 billion, a PE ratio of 14.78 and a beta of 1.30. The company has a 50-day simple moving average of $17.74 and a 200-day simple moving average of $15.29.

Opera (NASDAQ:OPRAGet Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $176.65 million during the quarter. Opera had a return on equity of 8.54% and a net margin of 17.72%. On average, equities research analysts forecast that Opera Limited Sponsored ADR will post 1.12 EPS for the current year.

Opera Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OPRA. TD Cowen reissued a “buy” rating on shares of Opera in a report on Friday, March 13th. Weiss Ratings reiterated 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 note on Monday, April 27th. Finally, Wall Street Zen raised shares of Opera from a “hold” rating to a “buy” rating in a research note on Saturday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Opera has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Read Our Latest Stock Report on OPRA

Institutional Trading of Opera

Large investors have recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC acquired a new position in Opera in the 3rd quarter valued at $42,000. Parallel Advisors LLC grew its holdings in shares of Opera by 459.5% during the first quarter. Parallel Advisors LLC now owns 3,038 shares of the company’s stock worth $43,000 after buying an additional 2,495 shares in the last quarter. Huntington National Bank grew its holdings in shares of Opera by 37.8% during the third quarter. Huntington National Bank now owns 3,305 shares of the company’s stock worth $68,000 after buying an additional 906 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of Opera in the second quarter valued at about $83,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Opera in the first quarter valued at about $141,000. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

Opera Company Profile

(Get Free Report)

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.

Further Reading

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