CardConnect Corp. (CCN) Coverage Initiated by Analysts at BTIG Research

BTIG Research assumed coverage on shares of CardConnect Corp. (NYSE:CCN) in a report released on Friday. The brokerage issued a buy rating and a $14.00 price target on the stock.

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Separately, Piper Jaffray Cos. initiated coverage on CardConnect Corp. in a research note on Friday, August 12th. They set an overweight rating and a $14.00 price objective on the stock.

Shares of CardConnect Corp. (NYSE:CCN) traded down 1.71% during midday trading on Friday, reaching $9.77. The company had a trading volume of 10,425 shares. The company has a market capitalization of $84.12 million and a P/E ratio of 21.86. CardConnect Corp. has a 52 week low of $8.14 and a 52 week high of $11.56. The company’s 50 day moving average price is $9.99 and its 200-day moving average price is $10.01.

In related news, insider Brian Shanahan acquired 100,000 shares of the stock in a transaction on Friday, July 29th. The shares were bought at an average price of $10.00 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the insider now owns 100,000 shares of the company’s stock, valued at approximately $1,000,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

5 Day Chart for NYSE:CCN

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