Sanchez Oscar Iglesias Sells 2,812 Shares of Codere Online Luxembourg (NASDAQ:CDRO) Stock

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Director Sanchez Oscar Iglesias sold 2,812 shares of Codere Online Luxembourg stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $10.01, for a total transaction of $28,148.12. Following the sale, the director directly owned 118,387 shares of the company’s stock, valued at approximately $1,185,053.87. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction 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 value of $4,324.32.

Codere Online Luxembourg Stock Performance

Codere Online Luxembourg stock opened at $10.20 on Friday. Codere Online Luxembourg, S.A. has a 1-year low of $5.18 and a 1-year high of $10.26. The stock’s fifty day moving average is $9.26 and its two-hundred day moving average is $8.40.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC boosted its stake in shares of Codere Online Luxembourg by 26.8% during the fourth 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 during the period. Millennium Management LLC increased its position 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 acquiring an additional 24,438 shares during the period. UBS Group AG increased its position in Codere Online Luxembourg by 156.2% in the 3rd 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 during the period. Squarepoint Ops LLC purchased a new stake in Codere Online Luxembourg during the 3rd quarter valued at approximately $203,000. Finally, Susquehanna International Group LLP purchased a new stake in Codere Online Luxembourg during the 3rd quarter valued at approximately $90,000. 10.30% of the stock is currently owned by institutional investors and hedge funds.

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.