Noble Financial Issues Optimistic Estimate for CDRO Earnings

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

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

Codere Online Luxembourg Price Performance

Shares of Codere Online Luxembourg stock 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 fifty-two week low of $5.75 and a fifty-two week high of $8.76.

Hedge Funds Weigh In On Codere Online Luxembourg

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake 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 valued at $88,000 after acquiring an additional 2,723 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Codere Online Luxembourg during the fourth quarter worth $64,000. Hood River Capital Management LLC boosted its position in shares of 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 in the last quarter. Diametric Capital LP boosted its position in shares of Codere Online Luxembourg by 183.3% during 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 bought a new position in shares of Codere Online Luxembourg during the fourth quarter worth $364,000. 10.30% of the stock is owned by institutional investors.

About Codere Online Luxembourg

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.