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

Klein Pavlis & Peasley Financial Inc. acquired a new position in Opera Limited (NASDAQ:OPRA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 56,003 shares of the company’s stock, valued at approximately $1,061,000. Klein Pavlis & Peasley Financial Inc. owned approximately 0.06% of Opera as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Blue Trust Inc. boosted its holdings in Opera by 56.6% in the fourth quarter. Blue Trust Inc. now owns 6,543 shares of the company’s stock worth $124,000 after purchasing an additional 2,366 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Opera during the 4th quarter valued at about $530,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Opera by 20.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 105,873 shares of the company’s stock worth $2,005,000 after purchasing an additional 17,865 shares during the period. GAMMA Investing LLC grew its position in Opera by 66.3% during the fourth quarter. GAMMA Investing LLC now owns 3,430 shares of the company’s stock valued at $65,000 after buying an additional 1,368 shares during the period. Finally, Tidal Investments LLC increased its holdings in Opera by 62.4% during the third quarter. Tidal Investments LLC now owns 670,140 shares of the company’s stock valued at $10,354,000 after buying an additional 257,469 shares during the last quarter. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Opera Stock Performance

OPRA opened at $19.75 on Thursday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 10.03 and a beta of 1.04. Opera Limited has a fifty-two week low of $10.11 and a fifty-two week high of $20.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The company has a fifty day moving average of $18.76 and a 200 day moving average of $16.43.

Opera Dividend Announcement

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

Wall Street Analyst Weigh In

OPRA has been the subject of a number of recent research reports. TD Cowen boosted their price objective on shares of Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. B. Riley reaffirmed a “buy” rating and issued a $25.00 price objective (up previously from $24.00) on shares of Opera in a research note on Wednesday, October 30th. Piper Sandler started coverage on Opera in a research note on Wednesday. They set an “overweight” rating and a $25.00 price objective for the company. The Goldman Sachs Group raised their target price on shares of Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Lake Street Capital increased their price objective on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Opera presently has a consensus rating of “Buy” and an average price target 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.