Leuthold Group LLC Takes Position in Opera Limited (NASDAQ:OPRA)

Leuthold Group LLC acquired a new stake in shares of Opera Limited (NASDAQ:OPRA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,288 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds have also recently modified their holdings of the stock. Portolan Capital Management LLC increased its holdings in Opera by 63.5% in the 3rd quarter. Portolan Capital Management LLC now owns 711,820 shares of the company’s stock worth $10,998,000 after buying an additional 276,356 shares during the period. Tidal Investments LLC increased its holdings in Opera by 62.4% in the 3rd quarter. Tidal Investments LLC now owns 670,140 shares of the company’s stock worth $10,354,000 after buying an additional 257,469 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Opera by 44.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 275,034 shares of the company’s stock worth $4,249,000 after buying an additional 84,001 shares during the period. Harvey Capital Management Inc. acquired a new position in Opera in the 3rd quarter worth approximately $2,420,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Opera by 20.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 105,873 shares of the company’s stock worth $2,005,000 after buying an additional 17,865 shares during the period. Institutional investors and hedge funds own 10.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Lake Street Capital raised their price objective on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler initiated coverage on shares of Opera in a research note on Wednesday, February 5th. They set an “overweight” rating and a $25.00 price objective on the stock. B. Riley reaffirmed a “buy” rating and set a $25.00 price objective (up previously from $24.00) on shares of Opera in a research note on Wednesday, October 30th. Finally, TD Cowen raised their price objective on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $24.80.

Opera Trading Down 3.7 %

Shares of NASDAQ:OPRA opened at $19.59 on Friday. Opera Limited has a 1 year low of $10.11 and a 1 year high of $22.50. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The business’s 50 day moving average price is $19.14 and its 200-day moving average price is $17.20.

Opera Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, January 6th were given a dividend of $0.40 per share. The ex-dividend date was Monday, January 6th. This represents a dividend yield of 3.9%. Opera’s dividend payout ratio (DPR) is 39.59%.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.