Hennion & Walsh Asset Management Inc. Purchases 17,865 Shares of Opera Limited (NASDAQ:OPRA)

Hennion & Walsh Asset Management Inc. boosted its position in Opera Limited (NASDAQ:OPRA - Free Report) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,873 shares of the company's stock after purchasing an additional 17,865 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.12% of Opera worth $2,005,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Penn Mutual Asset Management purchased a new position in shares of Opera in the third quarter worth approximately $952,000. Rockefeller Capital Management L.P. raised its position in Opera by 44.0% in the third quarter. Rockefeller Capital Management L.P. now owns 275,034 shares of the company's stock worth $4,249,000 after acquiring an additional 84,001 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Opera during the 3rd quarter worth $888,000. Tidal Investments LLC grew its position in shares of Opera by 62.4% during the 3rd 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 period. Finally, Alpha DNA Investment Management LLC purchased a new stake in shares of Opera in the 3rd quarter worth $404,000. 10.21% of the stock is currently owned by institutional investors.

Opera Price Performance

Shares of NASDAQ OPRA traded up $0.53 during mid-day trading on Friday, reaching $18.28. The company's stock had a trading volume of 385,092 shares, compared to its average volume of 372,776. The stock has a fifty day moving average of $18.98 and a two-hundred day moving average of $15.94. The firm has a market capitalization of $1.62 billion, a PE ratio of 9.28 and a beta of 1.06. Opera Limited has a 52 week low of $10.11 and a 52 week high of $20.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10.

Opera Dividend Announcement

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 dividend of $0.40 per share. This represents a yield of 3.9%. The ex-dividend date was Monday, January 6th. Opera's dividend payout ratio (DPR) is currently 39.59%.

Analysts Set New Price Targets

OPRA has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on Opera from $19.50 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. TD Cowen lifted their price objective on Opera from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. B. Riley reissued a "buy" rating and issued a $25.00 target price (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. Finally, Lake Street Capital lifted their price target on shares of Opera from $22.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $24.75.

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.