Opera (NASDAQ:OPRA) Shares Gap Down to $13.83

Opera Limited (NASDAQ:OPRA) shares gapped down before the market opened on Tuesday . The stock had previously closed at $13.83, but opened at $13.26. Opera shares last traded at $12.93, with a volume of 308,473 shares trading hands.

Opera Price Performance

The stock’s 50-day moving average price is $13.84 and its 200 day moving average price is $13.42. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 6.88 and a beta of 0.98. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01.

Opera (NASDAQ:OPRA) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $101.87 million during the quarter, compared to analyst estimates of $100.60 million. Opera had a net margin of 41.00% and a return on equity of 19.52%. Equities research analysts predict that Opera Limited will post 0.78 earnings per share for the current year.

Opera Announces Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a yield of 5.6%. Opera’s payout ratio is currently 41.49%.

Institutional Trading of Opera

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bayesian Capital Management LP bought a new stake in Opera in the first quarter valued at about $267,000. Caxton Associates LP increased its stake in Opera by 103.5% in the first quarter. Caxton Associates LP now owns 72,629 shares of the company’s stock valued at $1,148,000 after acquiring an additional 36,931 shares during the period. EntryPoint Capital LLC increased its stake in Opera by 248.8% in the first quarter. EntryPoint Capital LLC now owns 6,118 shares of the company’s stock valued at $97,000 after acquiring an additional 4,364 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Opera by 2.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 85,761 shares of the company’s stock worth $1,356,000 after buying an additional 1,804 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in Opera by 56.8% during the first quarter. Avantax Advisory Services Inc. now owns 24,597 shares of the company’s stock worth $389,000 after buying an additional 8,915 shares during the last quarter. Institutional investors own 10.21% of the company’s stock.

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.