Key Points
- Opera CEO Lin Song sold shares twice in mid-June, including 25,600 shares on June 17 at an average price of $18.88 and another 44,400 shares on June 18 at $18.52. After the first sale, Song’s ownership fell by 13.41% to 165,246 shares.
- Opera’s stock was trading near its recent range, opening at $18.62 with a market cap of $1.67 billion. The shares were above the 50-day and 200-day moving averages, and the 12-month range was $11.71 to $21.06.
- Analysts remain moderately positive on OPRA, with a consensus rating of “Moderate Buy” and an average price target of $21.50. The company also reported quarterly EPS of $0.30 and revenue of $176.65 million in its last earnings release.
Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report) CEO Lin Song sold 25,600 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $18.88, for a total value of $483,328.00. Following the transaction, the chief executive officer owned 165,246 shares of the company's stock, valued at approximately $3,119,844.48. This represents a 13.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 value of $822,288.00.
Opera Price Performance
OPRA opened at $18.62 on Tuesday. The stock's 50 day moving average price is $17.80 and its 200 day moving average price is $15.33. The stock has a market cap of $1.67 billion, a P/E ratio of 14.78 and a beta of 1.30. Opera Limited Sponsored ADR has a 12 month low of $11.71 and a 12 month high of $21.06.
Opera (NASDAQ:OPRA - Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter. Opera had a return on equity of 8.54% and a net margin of 17.72%.The company had revenue of $176.65 million during the quarter. Equities analysts anticipate that Opera Limited Sponsored ADR will post 1.12 EPS for the current year.
Opera Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Wednesday, July 15th. Investors 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 is Tuesday, July 7th. Opera's payout ratio is currently 61.90%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Zacks Research lowered shares of Opera from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Wall Street Zen upgraded shares of Opera from a "hold" rating to a "buy" rating in a research report on Saturday. TD Cowen reaffirmed a "buy" rating on shares of Opera in a research note on Friday, March 13th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Opera in a report on Friday, March 27th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Opera has a consensus rating of "Moderate Buy" and a consensus target price of $21.50.
Get Our Latest Stock Analysis on Opera
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in shares of Opera by 24.9% in the first quarter. Goldman Sachs Group Inc. now owns 153,906 shares of the company's stock valued at $2,453,000 after buying an additional 30,662 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Opera during the 1st quarter worth $270,000. State of Tennessee Department of Treasury acquired a new position in shares of Opera in the 2nd quarter worth $83,000. Huntington National Bank grew its holdings in shares of Opera by 37.8% in the 3rd quarter. Huntington National Bank now owns 3,305 shares of the company's stock worth $68,000 after acquiring an additional 906 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Opera during the third quarter worth $42,000. Institutional investors and hedge funds own 10.21% of the company's stock.
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.
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