Opera Limited Sponsored ADR (NASDAQ:OPRA – Get Free Report) CEO Lin Song sold 44,400 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $18.52, for a total value of $822,288.00. Following the completion of the sale, the chief executive officer owned 120,846 shares of the company’s stock, valued at approximately $2,238,067.92. This represents a 26.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Lin Song also recently made the following trade(s):
- On Wednesday, June 17th, Lin Song sold 25,600 shares of Opera stock. The shares were sold at an average price of $18.88, for a total transaction of $483,328.00.
Opera Trading Down 1.8%
Shares of OPRA opened at $18.28 on Wednesday. Opera Limited Sponsored ADR has a twelve month low of $11.71 and a twelve month high of $21.06. The company has a market cap of $1.64 billion, a P/E ratio of 14.51 and a beta of 1.30. The company’s fifty day simple moving average is $17.88 and its 200-day simple moving average is $15.36.
Opera Announces Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, July 7th will be given a dividend of $0.40 per share. This represents a dividend yield of 441.0%. The ex-dividend date is Tuesday, July 7th. Opera’s payout ratio is 61.90%.
Institutional Investors Weigh In On Opera
Several hedge funds have recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC bought a new position in shares of Opera during the 3rd quarter worth $42,000. Parallel Advisors LLC raised its holdings in shares of Opera by 459.5% in the first quarter. Parallel Advisors LLC now owns 3,038 shares of the company’s stock valued at $43,000 after acquiring an additional 2,495 shares in the last quarter. Huntington National Bank raised its holdings in shares of Opera by 37.8% in the third quarter. Huntington National Bank now owns 3,305 shares of the company’s stock valued at $68,000 after acquiring an additional 906 shares in the last quarter. State of Tennessee Department of Treasury purchased a new stake in Opera in the second quarter worth about $83,000. Finally, Ascentis Independent Advisors purchased a new stake in Opera in the first quarter worth about $141,000. 10.21% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Zacks Research lowered Opera from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Opera in a research note on Friday, March 27th. Wall Street Zen upgraded Opera from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, TD Cowen reissued a “buy” rating on shares of Opera in a research note on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.50.
View Our Latest Report on Opera
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.
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