Cantor Fitzgerald started coverage on shares of CardConnect Corp. (NYSE:CCN) in a research report report published on Thursday. The brokerage issued a buy rating and a $12.00 price objective on the stock.
A number of other research analysts also recently weighed in on the stock. Piper Jaffray Cos. initiated coverage on shares of CardConnect Corp. in a research report on Friday, August 12th. They issued an overweight rating and a $14.00 target price for the company. BTIG Research initiated coverage on shares of CardConnect Corp. in a research note on Friday, September 23rd. They issued a buy rating and a $14.00 price target for the company.
Shares of CardConnect Corp. (NYSE:CCN) opened at 9.75 on Thursday. The company has a 50-day moving average of $9.93 and a 200-day moving average of $10.00. CardConnect Corp. has a 1-year low of $8.14 and a 1-year high of $11.56. The company has a market cap of $83.95 million and a PE ratio of 21.81.
In other news, insider Brian Shanahan purchased 100,000 shares of the business’s stock in a transaction on Friday, July 29th. The stock was purchased at an average price of $10.00 per share, for a total transaction of $1,000,000.00. Following the completion of the purchase, the insider now directly owns 100,000 shares in the company, valued at approximately $1,000,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
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