Codere Online Luxembourg (NASDAQ:CDRO) Director Sells $143,331.04 in Stock

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Director Sanchez Oscar Iglesias sold 14,276 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $10.04, for a total value of $143,331.04. Following the completion of the transaction, the director owned 104,111 shares in the company, valued at $1,045,274.44. The trade was a 12.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanchez Oscar Iglesias also recently made the following trade(s):

• On Tuesday, June 16th, Sanchez Oscar Iglesias sold 2,812 shares of Codere Online Luxembourg stock. The shares were sold at an average price of $10.01, for a total value of $28,148.12.
• On Monday, June 8th, Sanchez Oscar Iglesias sold 50 shares of Codere Online Luxembourg stock. The stock was sold at an average price of $10.00, for a total value of $500.00.
• On Tuesday, June 2nd, Sanchez Oscar Iglesias sold 432 shares of Codere Online Luxembourg stock. The shares were sold at an average price of $10.01, for a total transaction of $4,324.32.

Codere Online Luxembourg Stock Down 2.7%

Shares of CDRO opened at $9.32 on Friday. Codere Online Luxembourg, S.A. has a 1 year low of $5.18 and a 1 year high of $10.26. The company has a 50 day simple moving average of $9.35 and a two-hundred day simple moving average of $8.48.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of Codere Online Luxembourg from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Stifel Nicolaus set a $10.00 price objective on shares of Codere Online Luxembourg in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.00.

Institutional Investors Weigh In On Codere Online Luxembourg

Large investors have recently bought and sold shares of the business. UBS Group AG raised its stake in Codere Online Luxembourg by 156.2% during the third quarter. UBS Group AG now owns 512,884 shares of the company’s stock valued at $3,539,000 after purchasing an additional 312,664 shares in the last quarter. FNY Investment Advisers LLC grew its stake in shares of Codere Online Luxembourg by 26.8% in the 4th quarter. FNY Investment Advisers LLC now owns 851,178 shares of the company’s stock worth $6,834,000 after buying an additional 180,153 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Codere Online Luxembourg in the 3rd quarter worth about $203,000. Millennium Management LLC increased its holdings in shares of Codere Online Luxembourg by 73.3% in the 3rd quarter. Millennium Management LLC now owns 57,755 shares of the company’s stock worth $399,000 after buying an additional 24,438 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Codere Online Luxembourg during the 3rd quarter valued at about $90,000. Institutional investors own 10.30% of the company’s stock.

About Codere Online Luxembourg

Codere Online Luxembourg SA is a publicly traded company incorporated under the laws of Luxembourg and listed on the Nasdaq Stock Market under the ticker CDRO. Established in December 2020 as a spin-off of Grupo Codere’s digital operations, Codere Online leverages the heritage and infrastructure of its Spanish parent to deliver a dedicated online gaming and sports betting platform. Headquartered in Luxembourg City, the company operates through locally licensed subsidiaries in multiple jurisdictions.

The company’s core business revolves around an integrated online sportsbook and casino offering.