Stifel Nicolaus Reiterates Buy Rating for Codere Online Luxembourg (NASDAQ:CDRO)

Codere Online Luxembourg (NASDAQ:CDRO)‘s stock had its “buy” rating restated by equities research analysts at Stifel Nicolaus in a research note issued to investors on Monday,Benzinga reports. They presently have a $10.00 price objective on the stock. Stifel Nicolaus’ target price suggests a potential upside of 47.71% from the company’s previous close.

Codere Online Luxembourg Trading Down 3.8 %

Shares of NASDAQ CDRO opened at $6.77 on Monday. The stock has a 50 day moving average of $7.59 and a two-hundred day moving average of $7.82. Codere Online Luxembourg has a twelve month low of $2.90 and a twelve month high of $8.76.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Codere Online Luxembourg stock. Renaissance Technologies LLC lifted its holdings in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 98.5% in the 2nd quarter, according to 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 approximately 0.18% of Codere Online Luxembourg worth $650,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 10.30% of the company’s stock.

Codere Online Luxembourg Company Profile

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.