Codere Online Luxembourg (NASDAQ:CDRO) Price Target Lowered to $9.00 at Stifel Nicolaus

Codere Online Luxembourg (NASDAQ:CDRO) had its target price reduced by stock analysts at Stifel Nicolaus from $10.00 to $9.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 63.93% from the stock’s previous close.

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Codere Online Luxembourg in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.00.

Codere Online Luxembourg Stock Performance

Shares of NASDAQ CDRO opened at $5.49 on Tuesday. The stock’s fifty day moving average is $6.61 and its 200 day moving average is $7.54. Codere Online Luxembourg has a 52 week low of $5.30 and a 52 week high of $8.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP acquired a new stake in shares of Codere Online Luxembourg in the 3rd quarter valued at approximately $90,000. Millennium Management LLC lifted its stake in Codere Online Luxembourg by 73.3% in the 3rd quarter. Millennium Management LLC now owns 57,755 shares of the company’s stock valued at $399,000 after purchasing an additional 24,438 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Codere Online Luxembourg in the third quarter valued at approximately $203,000. UBS Group AG grew its stake in shares of Codere Online Luxembourg by 156.2% during the third quarter. UBS Group AG now owns 512,884 shares of the company’s stock worth $3,539,000 after buying an additional 312,664 shares during the last quarter. Finally, Mmbg Investment Advisors CO. increased its holdings in shares of Codere Online Luxembourg by 23.9% during the third quarter. Mmbg Investment Advisors CO. now owns 366,325 shares of the company’s stock worth $2,528,000 after buying an additional 70,625 shares in the last quarter. Institutional investors own 10.30% of the company’s stock.

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.