Opera (NASDAQ:OPRA) Stock Price Up 6.7% – What’s Next?

Shares of Opera Limited (NASDAQ:OPRA) traded up 6.7% on Friday . The company traded as high as $19.22 and last traded at $19.19. 71,505 shares were traded during trading, a decline of 84% from the average session volume of 454,539 shares. The stock had previously closed at $17.98.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler assumed coverage on shares of Opera in a report on Wednesday, February 5th. They issued an “overweight” rating and a $25.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $24.80.

Opera Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a 50 day moving average of $19.06 and a 200 day moving average of $17.33. The stock has a market capitalization of $1.65 billion, a P/E ratio of 9.47 and a beta of 1.04.

Opera Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Monday, January 13th. Investors of record on Monday, January 6th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a dividend yield of 3.9%. Opera’s payout ratio is currently 39.59%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in shares of Opera by 2,065.1% during the 4th quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,301 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Opera by 74.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company’s stock valued at $30,000 after purchasing an additional 674 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Opera by 229.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,222 shares of the company’s stock valued at $42,000 after purchasing an additional 1,548 shares during the period. Larson Financial Group LLC purchased a new position in Opera in the 3rd quarter worth about $61,000. Finally, Blue Trust Inc. raised its holdings in Opera by 334.7% during the 3rd quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock worth $65,000 after buying an additional 3,216 shares during the period. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Company Profile

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.