27,998 Shares in Opera Limited (NASDAQ:OPRA) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Opera Limited (NASDAQ:OPRA) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 27,998 shares of the company’s stock, valued at approximately $530,000.

Other institutional investors have also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its holdings in Opera by 20.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 105,873 shares of the company’s stock valued at $2,005,000 after buying an additional 17,865 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Opera by 66.3% in the fourth quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock valued at $65,000 after acquiring an additional 1,368 shares during the period. Tidal Investments LLC raised its stake in shares of Opera by 62.4% during the third quarter. Tidal Investments LLC now owns 670,140 shares of the company’s stock valued at $10,354,000 after acquiring an additional 257,469 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Opera during the third quarter worth about $187,000. Finally, National Bank of Canada FI grew its stake in shares of Opera by 14.4% in the third quarter. National Bank of Canada FI now owns 9,333 shares of the company’s stock worth $144,000 after purchasing an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Opera Trading Down 2.6 %

NASDAQ OPRA opened at $18.32 on Friday. The firm has a market capitalization of $1.62 billion, a PE ratio of 9.30 and a beta of 1.06. The stock’s 50 day moving average is $18.83 and its 200 day moving average is $16.27. Opera Limited has a twelve month low of $10.11 and a twelve month high of $20.70. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01.

Opera Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.