Stifel Financial Corp Sells 4,742 Shares of Opera Limited (NASDAQ:OPRA)

Stifel Financial Corp decreased its position in Opera Limited (NASDAQ:OPRA) by 17.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,075 shares of the company’s stock after selling 4,742 shares during the period. Stifel Financial Corp’s holdings in Opera were worth $357,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Opera by 135.4% in the third quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock valued at $32,000 after purchasing an additional 1,186 shares in the last quarter. Larson Financial Group LLC bought a new stake in Opera during the third quarter valued at approximately $61,000. Blue Trust Inc. grew its stake in Opera by 334.7% in 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 in the last quarter. Quantbot Technologies LP bought a new position in Opera in the third quarter valued at $74,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Opera during the 2nd quarter valued at about $112,000. Institutional investors own 10.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on OPRA shares. TD Cowen lifted their target price on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Lake Street Capital boosted their price objective on shares of Opera from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. B. Riley reiterated a “buy” rating and set a $25.00 target price (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their price target on Opera from $19.50 to $23.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Opera currently has an average rating of “Buy” and an average target price of $24.75.

Opera Trading Down 1.8 %

NASDAQ:OPRA opened at $18.97 on Friday. Opera Limited has a 12 month low of $10.11 and a 12 month high of $20.70. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $18.63 and a 200-day moving average price of $15.49. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 9.63 and a beta of 1.03.

Opera Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, January 6th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a dividend yield of 3.9%. Opera’s dividend payout ratio (DPR) is 39.59%.

Opera 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.