Research Analysts Set Expectations for CDRO FY2026 Earnings

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) – Research analysts at Noble Financial increased their FY2026 earnings per share (EPS) estimates for Codere Online Luxembourg in a research report issued on Monday, August 3rd. Noble Financial analyst M. Kupinski now expects that the company will post earnings per share of $0.39 for the year, up from their prior forecast of $0.36. The consensus estimate for Codere Online Luxembourg’s current full-year earnings is $0.35 per share.

Other research analysts have also recently issued reports about 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. Finally, Wall Street Zen cut shares of Codere Online Luxembourg from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.00.

Codere Online Luxembourg Trading Down 0.9%

NASDAQ:CDRO opened at $9.19 on Wednesday. Codere Online Luxembourg has a twelve month low of $5.18 and a twelve month high of $10.26. The stock has a fifty day simple moving average of $9.52 and a 200-day simple moving average of $8.79.

Insiders Place Their Bets

In other Codere Online Luxembourg news, Director Sanchez Oscar Iglesias sold 14,276 shares of Codere Online Luxembourg stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $10.04, for a total transaction of $143,331.04. Following the completion of the sale, the director directly owned 104,111 shares of the company’s stock, valued at $1,045,274.44. The trade was a 12.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 17,570 shares of company stock worth $176,303. Insiders own 1.16% of the company’s stock.

Hedge Funds Weigh In On Codere Online Luxembourg

Several institutional investors have recently made changes to their positions in the company. UBS Group AG raised its holdings in shares of Codere Online Luxembourg by 156.2% in the third quarter. UBS Group AG now owns 512,884 shares of the company’s stock valued at $3,539,000 after acquiring an additional 312,664 shares in the last quarter. Millennium Management LLC lifted its stake in Codere Online Luxembourg by 73.3% in the third quarter. Millennium Management LLC now owns 57,755 shares of the company’s stock worth $399,000 after acquiring an additional 24,438 shares during the period. Squarepoint Ops LLC bought a new position in Codere Online Luxembourg during the 3rd quarter worth about $203,000. Finally, Susquehanna International Group LLP bought a new position in Codere Online Luxembourg during the 3rd quarter worth about $90,000. Hedge funds and other 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.