Noble Financial Has Optimistic Outlook of CDRO Q3 Earnings

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) – Research analysts at Noble Financial upped their Q3 2026 earnings per share (EPS) estimates for shares of Codere Online Luxembourg in a research note issued on Monday, August 3rd. Noble Financial analyst M. Kupinski now forecasts that the company will earn $0.10 per share for the quarter, up from their prior forecast of $0.07. The consensus estimate for Codere Online Luxembourg’s current full-year earnings is $0.33 per share. Noble Financial also issued estimates for Codere Online Luxembourg’s Q4 2026 earnings at $0.14 EPS, FY2026 earnings at $0.36 EPS and FY2027 earnings at $0.72 EPS.

CDRO has been the topic of a number of other reports. Wall Street Zen cut shares of Codere Online Luxembourg from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus set a $10.00 price objective on Codere Online Luxembourg in a research note on Friday, May 8th. Finally, Weiss Ratings raised shares of 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 data from MarketBeat, Codere Online Luxembourg presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Codere Online Luxembourg Stock Performance

Shares of Codere Online Luxembourg stock opened at $9.27 on Tuesday. Codere Online Luxembourg has a 52-week low of $5.18 and a 52-week high of $10.26. The stock’s 50-day simple moving average is $9.52 and its 200 day simple moving average is $8.78.

Insider Activity

In other news, Director Sanchez Oscar Iglesias sold 14,276 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $10.04, for a total transaction of $143,331.04. Following the transaction, the director directly owned 104,111 shares in the company, valued at approximately $1,045,274.44. This represents a 12.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 17,570 shares of company stock valued at $176,303. 1.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new stake in shares of Codere Online Luxembourg in the 3rd quarter valued at about $90,000. Squarepoint Ops LLC bought a new stake in Codere Online Luxembourg in the third quarter valued at approximately $203,000. Millennium Management LLC boosted its stake in shares of Codere Online Luxembourg by 73.3% during the third 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 period. Finally, UBS Group AG grew 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 worth $3,539,000 after purchasing an additional 312,664 shares during the last quarter. 10.30% of the stock is owned by hedge funds and other institutional investors.

Codere Online Luxembourg Company Profile

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.