CardConnect Corp. (NYSE:CCN) – Cantor Fitzgerald issued their FY2016 EPS estimates for CardConnect Corp. in a report issued on Thursday. Cantor Fitzgerald analyst J. Foresi anticipates that the firm will post earnings per share of $0.17 for the year. Cantor Fitzgerald has a “Buy” rating and a $12.00 price objective on the stock. Cantor Fitzgerald also issued estimates for CardConnect Corp.’s FY2017 earnings at $0.31 EPS.
Other equities research analysts have also recently issued reports about the stock. Piper Jaffray Cos. began coverage on shares of CardConnect Corp. in a research report on Friday, August 12th. They set an “overweight” rating and a $14.00 price objective for the company. BTIG Research began coverage on shares of CardConnect Corp. in a research report on Friday, September 23rd. They set a “buy” rating and a $14.00 price objective for the company.
CardConnect Corp. (NYSE:CCN) opened at 9.30 on Monday. The firm has a 50-day moving average price of $9.84 and a 200-day moving average price of $9.97. The company has a market cap of $80.07 million and a PE ratio of 20.81. CardConnect Corp. has a 52-week low of $8.14 and a 52-week high of $11.56.
In related news, insider Brian Shanahan purchased 100,000 shares of CardConnect Corp. stock in a transaction that occurred on Friday, July 29th. The stock was purchased at an average cost of $10.00 per share, with a total value of $1,000,000.00. Following the completion of the transaction, the insider now directly owns 100,000 shares in the company, valued at $1,000,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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