C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $81,000 Investment in Opera Limited (NASDAQ:OPRA)

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

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in shares of Opera during the third quarter valued at approximately $61,000. Blue Trust Inc. boosted its position in Opera by 334.7% during the third quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock worth $65,000 after purchasing an additional 3,216 shares during the period. GAMMA Investing LLC lifted its stake in shares of Opera by 66.3% during the 4th 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 in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Opera during the 3rd quarter valued at approximately $74,000. Finally, National Bank of Canada FI boosted its holdings in Opera by 14.4% in the 3rd quarter. National Bank of Canada FI now owns 9,333 shares of the company’s stock worth $144,000 after buying an additional 1,175 shares during the period. Institutional investors own 10.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on OPRA shares. B. Riley restated a “buy” rating and set a $25.00 target price (up previously from $24.00) on shares of Opera in a research report on Wednesday, October 30th. Piper Sandler started coverage on Opera in a research note on Wednesday, February 5th. They issued an “overweight” rating and a $25.00 target price for the company. TD Cowen lifted their target price on Opera from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Lake Street Capital increased their price target on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their price objective on shares of Opera from $19.50 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Opera currently has an average rating of “Buy” and a consensus target price of $24.80.

Opera Stock Performance

NASDAQ:OPRA opened at $19.59 on Friday. The stock has a market cap of $1.73 billion, a P/E ratio of 9.94 and a beta of 1.04. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $19.14 and its two-hundred day moving average price is $17.15. Opera Limited has a twelve month low of $10.11 and a twelve month high of $22.50.

Opera Dividend Announcement

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

Opera 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.