Noble Financial assumed coverage on shares of Codere Online Luxembourg (NASDAQ:CDRO – Free Report) in a research note released on Friday,Zacks reports. The firm issued a strong-buy rating on the stock.
Several other brokerages also recently commented on CDRO. Weiss Ratings upgraded Codere Online Luxembourg from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Wall Street Zen upgraded Codere Online Luxembourg to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.00.
Read Our Latest Report on CDRO
Codere Online Luxembourg Stock Performance
Shares of NASDAQ:CDRO traded down $0.19 during midday trading on Friday, reaching $8.35. 24,548 shares of the company traded hands, compared to its average volume of 26,434. Codere Online Luxembourg has a 12 month low of $5.18 and a 12 month high of $10.26. The firm’s fifty day moving average price is $9.22 and its two-hundred day moving average price is $8.95.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Codere Online Luxembourg stock. Citadel Advisors LLC boosted its stake in Codere Online Luxembourg, S.A. (NASDAQ:CDRO – Free Report) by 256.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,355 shares of the company’s stock after purchasing an additional 27,599 shares during the quarter. Citadel Advisors LLC owned about 0.08% of Codere Online Luxembourg worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 10.30% of the company’s stock.
About Codere Online Luxembourg
Codere Online Luxembourg S.A. operates online sports betting and casino gaming under the Codere brand. Its offerings include online sportsbooks and casino games, available through websites and mobile platforms. The company was established in 2014 as the online gaming business of Codere Group, an international gaming operator. Codere Online serves customers in Spain and several Latin American markets, including Mexico, Colombia, Panama and Argentina, subject to local regulations and licensing.
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