Codere Online Luxembourg (CDRO) to Release Quarterly Earnings on Thursday

Codere Online Luxembourg (NASDAQ:CDRO) is anticipated to announce its Q1 2026 results before the market opens on Thursday, May 7th. Analysts expect the company to announce earnings of $0.0462 per share and revenue of $65.6250 million for the quarter. Investors may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Thursday, May 7, 2026 at 8:30 AM ET.

Codere Online Luxembourg Stock Performance

NASDAQ CDRO traded up $0.13 during trading hours on Wednesday, reaching $9.19. The company’s stock had a trading volume of 6,004 shares, compared to its average volume of 16,496. Codere Online Luxembourg has a 1-year low of $5.18 and a 1-year high of $9.68. The company’s 50-day moving average is $8.41 and its two-hundred day moving average is $7.66.

Hedge Funds Weigh In On Codere Online Luxembourg

A number of hedge funds have recently made changes to their positions in the company. UBS Group AG raised its holdings 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 valued at $3,539,000 after acquiring an additional 312,664 shares during the last quarter. Millennium Management LLC raised its holdings 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 acquiring an additional 24,438 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Codere Online Luxembourg during the third quarter valued at approximately $203,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Codere Online Luxembourg during the third quarter valued at approximately $90,000. Institutional investors and hedge funds own 10.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CDRO shares. Weiss Ratings raised Codere Online Luxembourg from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Stifel Nicolaus upped their price target on Codere Online Luxembourg from $8.50 to $9.00 and gave the stock a “hold” rating in a report on Thursday, March 26th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.00.

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.