CardConnect Corp. (CCN) PT Set at $12.00 by Cantor Fitzgerald
CardConnect Corp. (NYSE:CCN) has been assigned a $12.00 target price by analysts at Cantor Fitzgerald in a note issued to investors on Friday. The brokerage currently has a a “buy” rating on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 22.45% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. BTIG Research set a $14.00 price target on CardConnect Corp. and gave the stock a “buy” rating in a research report on Sunday, November 6th. Piper Jaffray Cos. started coverage on CardConnect Corp. in a research report on Friday, August 12th. They set an “overweight” rating and a $14.00 price target on the stock.
Shares of CardConnect Corp. (NYSE:CCN) opened at 9.80 on Friday. The company has a 50 day moving average price of $9.38 and a 200-day moving average price of $9.84. CardConnect Corp. has a 52-week low of $8.14 and a 52-week high of $11.56. The stock has a market capitalization of $84.38 million and a P/E ratio of 21.92.
CardConnect Corp. (NYSE:CCN) last announced its quarterly earnings results on Thursday, November 10th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.09. The company had revenue of $154 million for the quarter, compared to analyst estimates of $153.70 million. On average, analysts predict that CardConnect Corp. will post $0.29 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Palestra Capital Management LLC acquired a new stake in CardConnect Corp. during the third quarter worth approximately $18,758,000. G2 Investment Partners Management LLC acquired a new stake in CardConnect Corp. during the third quarter worth approximately $1,864,000. Finally, TimesSquare Capital Management LLC acquired a new stake in CardConnect Corp. during the third quarter worth approximately $12,679,000.
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