C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Position in Opera Limited (NASDAQ:OPRA)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Opera Limited (NASDAQ:OPRA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,285 shares of the company’s stock, valued at approximately $81,000.

A number of other hedge funds also recently made changes to their positions in the stock. Klein Pavlis & Peasley Financial Inc. bought a new position in shares of Opera during the 4th quarter valued at approximately $1,061,000. Blue Trust Inc. grew its stake in shares of Opera by 56.6% during the 4th quarter. Blue Trust Inc. now owns 6,543 shares of the company’s stock valued at $124,000 after acquiring an additional 2,366 shares during the period. SG Americas Securities LLC bought a new position in shares of Opera during the 4th quarter valued at approximately $530,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of 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 acquiring an additional 17,865 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Opera by 66.3% during the 4th 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. 10.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on OPRA shares. The Goldman Sachs Group boosted their price target on Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen boosted their price target on Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. B. Riley reissued a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of Opera in a report on Wednesday, October 30th. Lake Street Capital boosted their price target on Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Piper Sandler started coverage on Opera in a report on Wednesday, February 5th. They issued an “overweight” rating and a $25.00 price target on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $24.80.

Opera Stock Up 0.0 %

Shares of OPRA opened at $21.86 on Friday. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 11.10 and a beta of 1.04. Opera Limited has a 1 year low of $10.11 and a 1 year high of $22.00. The business’s 50 day simple moving average is $18.96 and its 200-day simple moving average is $16.84. 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 Announces Dividend

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

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.