Codere Online Luxembourg’s (CDRO) “Buy” Rating Reiterated at Stifel Nicolaus

Posted by Stephan Jacobs on Jan 2nd, 2025

Stifel Nicolaus reissued their buy rating on shares of Codere Online Luxembourg (NASDAQ:CDRO – Free Report) in a research report released on Monday morning,Benzinga reports. The brokerage currently has a $10.00 price objective on the stock.

Codere Online Luxembourg Stock Performance

Shares of CDRO stock opened at $6.45 on Monday. The business has a 50 day moving average of $7.49 and a two-hundred day moving average of $7.81. Codere Online Luxembourg has a 52 week low of $2.90 and a 52 week high of $8.76.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Codere Online Luxembourg stock. Renaissance Technologies LLC grew its position in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO – Free Report) by 98.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,801 shares of the company’s stock after acquiring an additional 39,601 shares during the quarter. Renaissance Technologies LLC owned about 0.18% of Codere Online Luxembourg worth $650,000 as of its most recent filing with the SEC. 10.30% of the stock is owned by institutional investors.

About Codere Online Luxembourg

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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.