Opera (NASDAQ:OPRA) CEO Lin Song Sells 25,600 Shares

Opera Limited Sponsored ADR (NASDAQ:OPRA) CEO Lin Song sold 25,600 shares of Opera stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $18.88, for a total transaction of $483,328.00. Following the completion of the sale, the chief executive officer owned 165,246 shares of the company’s stock, valued at approximately $3,119,844.48. This trade represents a 13.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Lin Song also recently made the following trade(s):

• On Thursday, June 18th, Lin Song sold 44,400 shares of Opera stock. The shares were sold at an average price of $18.52, for a total transaction of $822,288.00.

Opera Price Performance

NASDAQ OPRA opened at $18.62 on Tuesday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 14.78 and a beta of 1.30. Opera Limited Sponsored ADR has a 12 month low of $11.71 and a 12 month high of $21.06. The company’s fifty day moving average price is $17.80 and its two-hundred day moving average price is $15.33.

Opera (NASDAQ:OPRA) last released its earnings results on Saturday, February 14th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $176.65 million during the quarter. Opera had a net margin of 17.72% and a return on equity of 8.54%. As a group, analysts anticipate that Opera Limited Sponsored ADR will post 1.12 EPS for the current year.

Opera Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, July 7th will be paid a $0.40 dividend. This represents a yield of 441.0%. The ex-dividend date is Tuesday, July 7th. Opera’s dividend payout ratio (DPR) is 61.90%.

Hedge Funds Weigh In On Opera

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its position in shares of Opera by 459.5% during the first quarter. Parallel Advisors LLC now owns 3,038 shares of the company’s stock worth $43,000 after acquiring an additional 2,495 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in Opera by 35.3% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 29,146 shares of the company’s stock valued at $416,000 after purchasing an additional 7,607 shares during the last quarter. Ascentis Independent Advisors bought a new stake in Opera in the 1st quarter valued at about $141,000. Harvey Capital Management Inc. boosted its stake in Opera by 0.9% during the 4th quarter. Harvey Capital Management Inc. now owns 100,950 shares of the company’s stock valued at $1,429,000 after purchasing an additional 925 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Opera by 305.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 91,016 shares of the company’s stock valued at $1,289,000 after purchasing an additional 68,549 shares during the period. Institutional investors and hedge funds own 10.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on OPRA shares. Zacks Research cut Opera from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. TD Cowen reiterated a “buy” rating on shares of Opera in a research report on Friday, March 13th. Wall Street Zen upgraded Opera from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Opera in a research report on Friday, March 27th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Opera has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

About Opera

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.