CardConnect Corp (NASDAQ:CCN) Earns News Sentiment Rating of 0.17
Media coverage about CardConnect Corp (NASDAQ:CCN) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CardConnect Corp earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.5517944548488 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several equities analysts have commented on CCN shares. Zacks Investment Research raised shares of CardConnect Corp from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Monday, June 5th. Craig Hallum lowered shares of CardConnect Corp from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a report on Tuesday, May 30th. Finally, Cowen and Company lowered shares of CardConnect Corp from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $17.00 to $15.00 in a report on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $16.17.
Shares of CardConnect Corp (NASDAQ:CCN) remained flat at $15.05 during midday trading on Friday. 80,112 shares of the company traded hands. The firm’s 50 day moving average price is $14.69 and its 200 day moving average price is $13.83. CardConnect Corp has a 52 week low of $8.14 and a 52 week high of $15.25.
CardConnect Corp (NASDAQ:CCN) last posted its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The company had revenue of $156.65 million for the quarter, compared to the consensus estimate of $41.10 million. Equities analysts expect that CardConnect Corp will post $0.45 earnings per share for the current fiscal year.
CardConnect Corp Company Profile
CardConnect Corp., formerly FinTech Acquisition Corp., is a holding company. The Company holds interests in CardConnect, LLC. The Company is a provider of payment processing solutions to merchants throughout the United States. The Company’s segments include Merchant Acquiring Services and Other. The Company’s platform allows it to provide payment solutions, customer support and tools for its distribution partners and merchants.
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