Opera (NASDAQ:OPRA) CEO Sells $483,328.00 in Stock

Opera Limited Sponsored ADR (NASDAQ:OPRA) CEO Lin Song sold 25,600 shares of the stock in a transaction dated Wednesday, June 17th. The shares were 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. The trade was a 13.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

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

Opera Stock Up 0.5%

Shares of OPRA traded up $0.10 during midday trading on Monday, reaching $18.62. The company had a trading volume of 461,247 shares, compared to its average volume of 590,373. Opera Limited Sponsored ADR has a 1-year low of $11.71 and a 1-year high of $21.06. The stock has a market cap of $1.67 billion, a PE ratio of 14.78 and a beta of 1.30. The firm has a 50 day simple moving average of $17.74 and a 200-day simple moving average of $15.29.

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

Opera Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Opera

Several large investors have recently added to or reduced their stakes in the business. Foster Dykema Cabot & Partners LLC acquired a new stake in Opera during the 3rd quarter worth approximately $42,000. Parallel Advisors LLC grew its stake in shares of Opera by 459.5% in 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 in the last quarter. Huntington National Bank increased its position in shares of Opera by 37.8% during the third quarter. Huntington National Bank now owns 3,305 shares of the company’s stock worth $68,000 after acquiring an additional 906 shares during the period. State of Tennessee Department of Treasury purchased a new stake in shares of Opera during the second quarter worth $83,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Opera in the first quarter valued at $141,000. 10.21% of the stock is owned by hedge funds and other institutional investors.

Opera Company Profile

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.