Klein Pavlis & Peasley Financial Inc. Acquires Shares of 56,003 Opera Limited (NASDAQ:OPRA)

Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Opera Limited (NASDAQ:OPRA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 56,003 shares of the company’s stock, valued at approximately $1,061,000.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Opera by 135.4% during the third 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 last quarter. Larson Financial Group LLC bought a new stake in shares of Opera during the third quarter worth $61,000. Blue Trust Inc. boosted its stake in shares of Opera by 334.7% during the third quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock valued at $65,000 after purchasing an additional 3,216 shares during the period. Quantbot Technologies LP bought a new position in shares of Opera in the third quarter worth about $74,000. Finally, National Bank of Canada FI lifted its holdings in Opera by 14.4% during the 3rd quarter. National Bank of Canada FI now owns 9,333 shares of the company’s stock valued at $144,000 after buying an additional 1,175 shares in the last quarter. 10.21% of the stock is currently owned by institutional investors.

Opera Stock Up 9.7 %

Shares of Opera stock opened at $19.75 on Thursday. Opera Limited has a 52-week low of $10.11 and a 52-week high of $20.70. The firm’s 50 day moving average price is $18.76 and its 200-day moving average price is $16.43. 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 company has a market cap of $1.75 billion, a P/E ratio of 10.03 and a beta of 1.04.

Opera Dividend Announcement

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

Analyst Ratings Changes

OPRA has been the subject of several research analyst reports. Piper Sandler assumed coverage on shares of Opera in a research note on Wednesday. They set an “overweight” rating and a $25.00 price target for the company. Lake Street Capital upped their target price on Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of Opera from $19.50 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. TD Cowen upped their price target on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, B. Riley reissued 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Opera has an average rating of “Buy” and a consensus price target of $24.80.

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.