William Blair Reaffirms Outperform Rating for CardConnect Corp. (CCN)

William Blair reaffirmed their outperform rating on shares of CardConnect Corp. (NASDAQ:CCN) in a report published on Friday.

Other research analysts also recently issued reports about the stock. Cantor Fitzgerald set a $12.00 target price on shares of CardConnect Corp. and gave the company a buy rating in a research note on Friday, November 11th. BTIG Research restated a buy rating and issued a $14.00 target price on shares of CardConnect Corp. in a research note on Sunday, November 13th. Cowen and Company began coverage on shares of CardConnect Corp. in a research note on Tuesday, November 22nd. They set an outperform rating and a $13.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of CardConnect Corp. from a hold rating to a buy rating and set a $11.00 price objective on the stock in a research note on Tuesday, November 15th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $12.80.

Shares of CardConnect Corp. (NASDAQ:CCN) traded down 0.36% during midday trading on Friday, reaching $13.85. 280,131 shares of the company traded hands. CardConnect Corp. has a 12 month low of $8.14 and a 12 month high of $14.15. The firm’s market capitalization is $398.20 million. The company has a 50 day moving average of $11.20 and a 200 day moving average of $10.13.

CardConnect Corp. (NASDAQ:CCN) last released its quarterly earnings data on Thursday, November 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. The business earned $154 million during the quarter, compared to analyst estimates of $153.70 million. On average, equities research analysts predict that CardConnect Corp. will post $0.38 earnings per share for the current fiscal year.

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CardConnect Corp. Company Profile

CardConnect Corp., formerly FinTech Acquisition Corp., is a provider of payment processing and technology solutions. The Company has developed advanced payment solutions using point-to-point encryption (P2PE) and tokenization. The Company’s small-to-midsize business offering, CardPointe, is a platform that includes a reporting and transaction management portal, which extends to a native mobile application.

5 Day Chart for NASDAQ:CCN

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