Codere Online (CDRO)

• Market cap: $335M
• 1 day: 3.66%
• 5 days: 5.59%
• 1 month: -10.01%
• 3 months: 5.14%
• 6 months: -9.68%
• Year to date: 16.61%
• 1 year: 4.84%
• 5 years: -8.45%
• 10 years: -8.45%
• Sector: Consumer Discretionary
• Industry: Miscellaneous Amusement & Recreation

About: Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Italy, Mexico, Colombia, Panama and in the City of Buenos Aires where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. If the user wins, it pays out the bet. If the user loses, it keeps the amount wagered.

Employees: 255

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

40% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 5

6% more funds holding

Funds holding: 17 [Q3] → 18 (+1) [Q4]

0.8% more ownership

Funds ownership: 10.04% [Q3] → 10.84% (+0.8%) [Q4]

13% less capital invested

Capital invested by funds: $36.4M [Q3] → $31.7M (-$4.68M) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $10 36% upside
• Avg. target: $10 36% upside
• High target: $10 36% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Stifel Jeffrey Stantial 29% 1-year accuracy 7 / 24 met price target

36% upside $10

Buy Reiterated

30 Dec 2024