Codere Online Luxembourg (NASDAQ:CDRO) Earns Buy Rating from Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Codere Online Luxembourg (NASDAQ:CDRO) in a report released on Monday,Benzinga reports. They currently have a $10.00 price objective on the stock.

Codere Online Luxembourg Trading Down 7.1 %

Shares of CDRO stock opened at $6.29 on Monday. Codere Online Luxembourg has a 12 month low of $2.90 and a 12 month high of $8.76. The stock has a 50 day moving average of $7.59 and a 200-day moving average of $7.83.

Institutional Trading of Codere Online Luxembourg

A hedge fund recently raised its stake in Codere Online Luxembourg stock. Renaissance Technologies LLC lifted its stake in Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 98.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,801 shares of the company’s stock after buying an additional 39,601 shares during the period. Renaissance Technologies LLC owned about 0.18% of Codere Online Luxembourg worth $650,000 at the end of the most recent reporting period. 10.30% of the stock is owned by institutional investors and hedge funds.

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.