Noble Financial Issues Positive Forecast for CDRO Earnings

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) – Stock analysts at Noble Financial increased their FY2025 earnings estimates for Codere Online Luxembourg in a research report 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 forecast 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 report on Monday, December 30th.

Codere Online Luxembourg Price Performance

Codere Online Luxembourg stock opened at $7.74 on Monday. The company’s 50 day simple moving average is $6.86 and its 200-day simple moving average is $7.52. Codere Online Luxembourg has a 1 year low of $5.75 and a 1 year high of $8.76.

Institutional Trading of Codere Online Luxembourg

Several hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC raised its position in Codere Online Luxembourg by 194.9% in the 4th quarter. FNY Investment Advisers LLC now owns 368,177 shares of the company’s stock valued at $2,374,000 after purchasing an additional 243,330 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Codere Online Luxembourg during the 4th quarter worth about $364,000. Raymond James Financial Inc. acquired a new position in shares of Codere Online Luxembourg during the 4th quarter worth about $64,000. Geode Capital Management LLC raised its position in shares of Codere Online Luxembourg by 25.0% during the 4th quarter. Geode Capital Management LLC now owns 13,600 shares of the company’s stock worth $88,000 after acquiring an additional 2,723 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its stake in Codere Online Luxembourg by 64.7% during 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 during the last quarter. Institutional investors and hedge funds 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.