Klein Pavlis & Peasley Financial Inc. Makes New $1.06 Million Investment in Opera Limited (NASDAQ:OPRA)

Klein Pavlis & Peasley Financial Inc. acquired a new stake in Opera Limited (NASDAQ:OPRA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 56,003 shares of the company's stock, valued at approximately $1,061,000. Klein Pavlis & Peasley Financial Inc. owned 0.06% of Opera at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in OPRA. GAMMA Investing LLC lifted its position in shares of Opera by 135.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company's stock valued at $32,000 after buying an additional 1,186 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Opera during the third quarter valued at about $61,000. Blue Trust Inc. boosted its position in Opera by 334.7% during the third quarter. Blue Trust Inc. now owns 4,177 shares of the company's stock worth $65,000 after purchasing an additional 3,216 shares during the period. Quantbot Technologies LP purchased a new position in shares of Opera in the third quarter worth about $74,000. Finally, National Bank of Canada FI raised its position 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 valued at $144,000 after purchasing an additional 1,175 shares during the period. 10.21% of the stock is owned by hedge funds and other institutional investors.

Opera Price Performance

Shares of NASDAQ OPRA traded up $1.10 during trading hours on Monday, reaching $21.58. 745,614 shares of the stock traded hands, compared to its average volume of 432,743. Opera Limited has a 52-week low of $10.11 and a 52-week high of $21.90. 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 $18.77 and its two-hundred day simple moving average is $16.57. The company has a market capitalization of $1.91 billion, a P/E ratio of 10.95 and a beta of 1.04.

Opera Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on OPRA. B. Riley reaffirmed a "buy" rating and issued a $25.00 price objective (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. Lake Street Capital lifted their price target on Opera from $22.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. TD Cowen increased their price objective on Opera from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Piper Sandler assumed coverage on Opera in a report on Wednesday, February 5th. They set an "overweight" rating and a $25.00 target price for the company. Finally, 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $24.80.

About Opera

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.