Opera Limited Sponsored ADR (NASDAQ:OPRA – Get Free Report) saw some unusual options trading on Tuesday. Investors purchased 7,268 put options on the company. This is an increase of 230% compared to the average volume of 2,205 put options.
Hedge Funds Weigh In On Opera
A number of hedge funds and other institutional investors have recently modified their holdings of OPRA. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Opera in the 3rd quarter valued at $42,000. Parallel Advisors LLC boosted its position in shares of Opera by 459.5% in the 1st quarter. Parallel Advisors LLC now owns 3,038 shares of the company’s stock valued at $43,000 after purchasing an additional 2,495 shares during the period. Huntington National Bank boosted its position 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. State of Tennessee Department of Treasury purchased a new stake in Opera in the 2nd quarter worth about $83,000. Finally, Ascentis Independent Advisors purchased a new stake in Opera in the 1st quarter worth about $141,000. Institutional investors and hedge funds own 10.21% of the company’s stock.
Opera Stock Performance
NASDAQ OPRA traded down $0.22 on Tuesday, reaching $19.10. The company’s stock had a trading volume of 145,737 shares, compared to its average volume of 592,489. Opera has a twelve month low of $11.71 and a twelve month high of $21.06. The stock has a market cap of $1.71 billion, a PE ratio of 15.14 and a beta of 1.30. The firm’s 50 day moving average is $17.45 and its two-hundred day moving average is $15.14.
Opera Dividend Announcement
The business also recently declared a dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, July 7th will be given a $0.40 dividend. The ex-dividend date is Tuesday, July 7th. This represents a dividend yield of 441.0%. Opera’s dividend payout ratio (DPR) is 61.90%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. TD Cowen reiterated a “buy” rating on shares of Opera in a report on Friday, March 13th. Zacks Research cut Opera from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Opera in a research note on Friday, March 27th. Finally, Wall Street Zen cut Opera from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Opera has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.
View Our Latest Report on Opera
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.
Featured Stories
- Five stocks we like better than Opera
- AST SpaceMobile Announces Launch Date for Its Next 3 BlueBird Satellites
- Is Lennar Finally Turning the Corner After Its Housing Slump?
- AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
- 3 Dividend Kings With Income, Stability, and a Possible Catalyst
Receive News & Ratings for Opera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Opera and related companies with MarketBeat.com's FREE daily email newsletter.
