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

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Opera Limited (NASDAQ:OPRA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,285 shares of the company’s stock, valued at approximately $81,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of OPRA. GAMMA Investing LLC raised its holdings in Opera by 135.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock valued at $32,000 after buying an additional 1,186 shares during the period. Larson Financial Group LLC purchased a new stake in Opera during the 3rd quarter valued at $61,000. Blue Trust Inc. raised its holdings in Opera by 334.7% during the 3rd quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock valued at $65,000 after buying an additional 3,216 shares during the period. Quantbot Technologies LP purchased a new stake in Opera during the 3rd quarter valued at $74,000. Finally, National Bank of Canada FI grew its position in Opera by 14.4% in the 3rd quarter. National Bank of Canada FI now owns 9,333 shares of the company’s stock valued at $144,000 after acquiring an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Opera Price Performance

OPRA opened at $21.86 on Friday. Opera Limited has a 12-month low of $10.11 and a 12-month high of $22.00. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $18.96 and its 200-day simple moving average is $16.84. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 11.10 and a beta of 1.04.

Opera Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on OPRA. 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 report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on Opera from $19.50 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler began coverage on Opera in a research report on Wednesday, February 5th. They issued an “overweight” rating and a $25.00 price objective on the stock. TD Cowen upped their price objective on Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Lake Street Capital upped their price objective on Opera from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $24.80.

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.