Noble Financial Issues Optimistic Estimate for CDRO Earnings

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) – Noble Financial upped their FY2025 EPS estimates for Codere Online Luxembourg in a research note issued on Friday, February 21st. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings per share of $0.27 for the year, up from their previous estimate of $0.26. The consensus estimate for Codere Online Luxembourg’s current full-year earnings is ($0.05) per share.

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a $10.00 target price on shares of Codere Online Luxembourg in a research note on Monday, December 30th.

Codere Online Luxembourg Trading Down 3.0 %

NASDAQ CDRO opened at $8.19 on Monday. The firm has a 50-day simple moving average of $6.84 and a 200 day simple moving average of $7.52. Codere Online Luxembourg has a twelve month low of $5.75 and a twelve month high of $8.76.

Institutional Investors Weigh In On Codere Online Luxembourg

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in Codere Online Luxembourg by 25.0% in the fourth quarter. Geode Capital Management LLC now owns 13,600 shares of the company’s stock worth $88,000 after purchasing an additional 2,723 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Codere Online Luxembourg in the fourth quarter worth about $64,000. Hood River Capital Management LLC raised its position in Codere Online Luxembourg by 64.7% in the fourth quarter. Hood River Capital Management LLC now owns 25,596 shares of the company’s stock worth $165,000 after purchasing an additional 10,059 shares in the last quarter. Diametric Capital LP raised its position in Codere Online Luxembourg by 183.3% in the fourth quarter. Diametric Capital LP now owns 38,743 shares of the company’s stock worth $250,000 after purchasing an additional 25,068 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Codere Online Luxembourg in the fourth quarter worth about $364,000. Institutional investors own 10.30% of the company’s stock.

Codere Online Luxembourg Company Profile

Codere Online Luxembourg, SA operates as an online casino gaming and sports betting company. It also offers online casino wagering products and services, as well as online gambling and other online services. The company offers its products under the Codere and Greenplay brand names. It primarily operates in Spain, Italy, Mexico, Colombia, the United Kingdom, Germany, South Africa, Austria, Malta, Panama, and Argentina.