Opera (NASDAQ:OPRA) Sets New 52-Week Low – What’s Next?

Opera Limited Sponsored ADR (NASDAQ:OPRAGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.44 and last traded at $12.5450, with a volume of 774478 shares changing hands. The stock had previously closed at $13.48.

Trending Headlines about Opera

Here are the key news stories impacting Opera this week:

Analysts Set New Price Targets

Several analysts have issued reports on OPRA shares. Weiss Ratings restated a “hold (c)” rating on shares of Opera in a research note on Monday, December 29th. Zacks Research raised Opera from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Finally, The Goldman Sachs Group cut their price target on Opera from $24.50 to $21.50 and set a “buy” rating for the company in a report on Tuesday, January 13th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Opera currently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Get Our Latest Analysis on Opera

Opera Trading Down 7.9%

The stock has a market cap of $1.11 billion, a P/E ratio of 13.80 and a beta of 1.24. The firm has a 50-day simple moving average of $13.91 and a two-hundred day simple moving average of $15.67.

Opera Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, January 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, January 7th. This represents a dividend yield of 554.0%. Opera’s dividend payout ratio (DPR) is currently 86.67%.

Institutional Investors Weigh In On Opera

A number of large investors have recently added to or reduced their stakes in OPRA. Harvey Capital Management Inc. increased its stake in Opera by 171.8% during the 3rd quarter. Harvey Capital Management Inc. now owns 100,025 shares of the company’s stock worth $2,065,000 after acquiring an additional 63,225 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Opera by 24.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 153,906 shares of the company’s stock worth $2,453,000 after purchasing an additional 30,662 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Opera in the first quarter worth $270,000. Quent Capital LLC acquired a new position in Opera in the fourth quarter valued at about $212,000. Finally, IFP Advisors Inc raised its stake in Opera by 127.0% in the third quarter. IFP Advisors Inc now owns 11,350 shares of the company’s stock valued at $234,000 after purchasing an additional 6,350 shares in the last quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Company Profile

(Get Free Report)

Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.

Featured Stories

Receive News & Ratings for Opera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Opera and related companies with MarketBeat.com's FREE daily email newsletter.