SG Americas Securities LLC Invests $530,000 in Opera Limited (NASDAQ:OPRA)

SG Americas Securities LLC bought a new stake in Opera Limited (NASDAQ:OPRA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,998 shares of the company's stock, valued at approximately $530,000.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp increased its stake in shares of Opera by 5.1% in the 3rd quarter. State Street Corp now owns 17,129 shares of the company's stock valued at $265,000 after acquiring an additional 832 shares during the last quarter. National Bank of Canada FI increased its stake in Opera by 14.4% in the third quarter. National Bank of Canada FI now owns 9,333 shares of the company's stock valued at $144,000 after purchasing an additional 1,175 shares in the last quarter. GAMMA Investing LLC raised its holdings in Opera by 135.4% in the third quarter. GAMMA Investing LLC now owns 2,062 shares of the company's stock worth $32,000 after purchasing an additional 1,186 shares during the period. Inspire Investing LLC grew its holdings in shares of Opera by 2.7% in the 3rd quarter. Inspire Investing LLC now owns 58,080 shares of the company's stock valued at $897,000 after buying an additional 1,539 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Opera by 30.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,700 shares of the company's stock valued at $212,000 after buying an additional 3,200 shares in the last quarter. 10.21% of the stock is owned by institutional investors.

Opera Stock Performance

Shares of NASDAQ OPRA traded up $0.21 during mid-day trading on Tuesday, reaching $18.00. 220,397 shares of the company were exchanged, compared to its average volume of 395,540. The stock has a market capitalization of $1.59 billion, a P/E ratio of 9.14 and a beta of 1.04. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The company's 50-day simple moving average is $18.75 and its 200-day simple moving average is $16.40. Opera Limited has a twelve month low of $10.11 and a twelve month high of $20.70.

Opera Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, January 6th were issued a $0.40 dividend. The ex-dividend date was Monday, January 6th. This represents a yield of 3.9%. Opera's dividend payout ratio is presently 39.59%.

Analyst Ratings Changes

OPRA has been the subject of several research analyst reports. B. Riley reiterated a "buy" rating and issued a $25.00 price objective (up from $24.00) on shares of Opera in a research report on Wednesday, October 30th. TD Cowen upped 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. The Goldman Sachs Group raised their price objective on shares of Opera from $19.50 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Lake Street Capital upped their target price 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. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average 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.