CardConnect Corp Company Profile (NASDAQ:CCN)

About CardConnect Corp (NASDAQ:CCN)

CardConnect Corp logoCardConnect 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. Its solutions and services enable distribution partners to manage their business and for merchants to securely accept electronic payments. Its Merchant Acquiring services business involves providing end-to-end electronic payment processing services to merchants by facilitating the exchange of information and funds between them and cardholders' financial institutions. It undertakes or facilitates through third parties, merchant set-up and training, transaction authorization, settlement, merchant funding, merchant assistance and support, and risk management.

Industry, Sector and Symbol:
  • Sector: Industrials
  • Industry: Transaction & Payment Services
  • Sub-Industry: N/A
  • Symbol: NASDAQ:CCN
  • CUSIP: N/A
  • Web: https://cardconnect.com/
Average Prices:
  • 200 Day Moving Avg: $14.18
  • 52 Week Range: $8.70 - $15.25
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 25.51
  • P/E Growth: 0.00
Profitability:
  • Net Margins: -1.00%
  • Return on Assets: -3.75%
Debt:
  • Debt-to-Equity Ratio: -3.15%
  • Current Ratio: 1.53%
  • Quick Ratio: 1.53%
 

Frequently Asked Questions for CardConnect Corp (NASDAQ:CCN)

What is CardConnect Corp's stock symbol?

CardConnect Corp trades on the NASDAQ under the ticker symbol "CCN."

How were CardConnect Corp's earnings last quarter?

CardConnect Corp (NASDAQ:CCN) announced its quarterly earnings results on Wednesday, May, 10th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.07 by $0.02. The firm earned $156.65 million during the quarter, compared to analyst estimates of $41.10 million. View CardConnect Corp's Earnings History.

Where is CardConnect Corp's stock going? Where will CardConnect Corp's stock price be in 2017?

6 analysts have issued 12-month price objectives for CardConnect Corp's stock. Their predictions range from $15.00 to $17.00. On average, they expect CardConnect Corp's stock price to reach $16.00 in the next year. View Analyst Ratings for CardConnect Corp.

What are analysts saying about CardConnect Corp stock?

Here are some recent quotes from research analysts about CardConnect Corp stock:

  • 1. Piper Jaffray Companies analysts commented, "We raise our PT from $14 to $16 (12.5x 2018E EV/EBITDA) following the solid 4Q results based on our increased confidence in CCN's L-T franchise value and strategic positioning in fast-growing tech enabled integrated payments. While CCN's 2017 revenue and adjusted EBITDA guidance were below consensus expectations, we believe CCN's focus on re-investing in a direct sales force, integrated payment technology solutions and merchant bank partnerships will drive accelerated growth in 2018. Furthermore, we believe CCN took a conservative view on 2017 guidance as it works through a heavy investment year. We reiterate our OW rating due to the growing franchise value of CCN that we believe will drive strong L-T growth and market share gains." (3/13/2017)
  • 2. Cantor Fitzgerald analysts commented, "We maintain our Overweight rating on CCN and our PT of $17. We see strength in the company's secure gateway technology and opportunities in its Enterprise business. Our confidence is bolstered by high visibility on annual revenues, with 90% booked by the beginning of the year. Quarterly top-line results were above expectations, but full-year 2017 revenue guidance was announced below expectations, as 2017 will be an investment year. We expect investments to pay off in 2018 noting CCN is growing revenues well above industry averages (taking market share)." (3/13/2017)
  • 3. BTIG Research analysts commented, "We are reiterating our Buy recommendation on CardConnect Corp. (CCN) while raising our price target to $17 (from $14) based on 11x our FY18E adjusted EBITDA of $56.6mm. We believe CCN differentiates itself by offering small- and medium-sized businesses a bundle comprised of its proprietary payment gateway and its capabilities as one of the largest nonaffiliated, non-bank merchant acquirers. The company's 3Q16 earnings report on November 10 ' its first since its July 2016 merger with FinTech Acquisition Corp., a special-purpose acquisition company (SPAC) ' provided investors with a snapshot of the company's potential." (1/18/2017)

Who are some of CardConnect Corp's key competitors?

How do I buy CardConnect Corp stock?

Shares of CardConnect Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is CardConnect Corp's stock price today?

One share of CardConnect Corp stock can currently be purchased for approximately $15.05.


MarketBeat Community Rating for CardConnect Corp (NASDAQ CCN)
Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  95 (Vote Outperform)
Underperform Votes:  62 (Vote Underperform)
Total Votes:  157
MarketBeat's community ratings are surveys of what our community members think about CardConnect Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for CardConnect Corp (NASDAQ:CCN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $16.00 (6.31% upside)
Consensus Price Target History for CardConnect Corp (NASDAQ:CCN)
Price Target History for CardConnect Corp (NASDAQ:CCN)
Analysts' Ratings History for CardConnect Corp (NASDAQ:CCN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/30/2017Craig HallumDowngradeBuy -> Hold$15.00LowView Rating Details
5/30/2017Cowen and CompanyDowngradeOutperform -> Market Perform$17.00 -> $15.00LowView Rating Details
3/13/2017Piper Jaffray CompaniesBoost Price TargetOverweight$14.00 -> $16.00MediumView Rating Details
3/13/2017Cantor FitzgeraldReiterated RatingOverweight$17.00MediumView Rating Details
1/18/2017BTIG ResearchBoost Price TargetBuy$14.00 -> $17.00N/AView Rating Details
1/6/2017William BlairReiterated RatingOutperformN/AView Rating Details
(Data available from 10/20/2015 forward)

Earnings

Earnings History for CardConnect Corp (NASDAQ:CCN)
Earnings by Quarter for CardConnect Corp (NASDAQ:CCN)
Earnings History by Quarter for CardConnect Corp (NASDAQ CCN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/10/2017Q1 2017$0.07$0.05$41.10 million$156.65 millionViewN/AView Earnings Details
3/10/201712/31/2016$0.11$0.09$161.30 million$156.80 millionViewN/AView Earnings Details
11/10/2016Q316$0.01$0.03$153.70 million$154.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CardConnect Corp (NASDAQ:CCN)
Current Year EPS Consensus Estimate: $0.45 EPS
Next Year EPS Consensus Estimate: $0.59 EPS

Dividends

Dividend History for CardConnect Corp (NASDAQ:CCN)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for CardConnect Corp (NASDAQ:CCN)
Insider Ownership Percentage: 48.30%
Institutional Ownership Percentage: 31.59%
Insider Trades by Quarter for CardConnect Corp (NASDAQ:CCN)
Institutional Ownership by Quarter for CardConnect Corp (NASDAQ:CCN)
Insider Trades by Quarter for CardConnect Corp (NASDAQ:CCN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/30/2016Robert NathanEVPBuy100$9.78$978.00View SEC Filing  
9/28/2016Abraham MarcianoInsiderBuy100$9.78$978.00View SEC Filing  
8/25/2016Charles B BernickerCFOBuy300$9.96$2,988.00View SEC Filing  
8/18/2016Angelo GreccoEVPBuy1,000$9.82$9,820.00View SEC Filing  
8/16/2016Charles B BernickerCFOBuy1,000$10.00$10,000.00View SEC Filing  
7/29/2016Brian ShanahanInsiderBuy100,000$10.00$1,000,000.00View SEC Filing  
7/29/2016Daniel G CohenCEOSell277,881$0.01$2,778.81View SEC Filing  
7/28/2016Betsy Z CohenDirectorSell187,119$0.01$1,871.19View SEC Filing  
3/8/2016Polar Asset Management PartnerMajor ShareholderSell120,000$10.33$1,239,600.00View SEC Filing  
2/11/2016Daniel G CohenCEOSell100,000$0.01$1,000.00View SEC Filing  
2/11/2016Shami PatelDirectorBuy90,000$0.01$900.00View SEC Filing  
12/24/2015Polar Asset Management PartnerMajor ShareholderSell717$10.20$7,313.40View SEC Filing  
12/23/2015Polar Asset Management PartnerMajor ShareholderSell11,932$10.28$122,660.96View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for CardConnect Corp (NASDAQ:CCN)
Latest Headlines for CardConnect Corp (NASDAQ:CCN)
Source:
DateHeadline
americanbankingnews.com logoHead-To-Head Review: CardConnect Corp (CCN) and Net 1 UEPS Technologies (UEPS)
www.americanbankingnews.com - October 18 at 4:08 AM
americanbankingnews.com logoNet 1 UEPS Technologies (UEPS) & CardConnect Corp (CCN) Critical Survey
www.americanbankingnews.com - October 17 at 10:24 PM
finance.yahoo.com logoEdited Transcript of CCN earnings conference call or presentation 10-May-17 12:30pm GMT
finance.yahoo.com - October 9 at 5:41 PM
finance.yahoo.com logoEdited Transcript of CCN earnings conference call or presentation 10-Mar-17 1:30pm GMT
finance.yahoo.com - October 5 at 9:07 PM
businesswire.com logoApriva Welcomes Scott Dowty as Chief Revenue Officer
www.businesswire.com - September 20 at 5:48 PM
americanbankingnews.com logoContrasting Planet Payment (PLPM) and CardConnect Corp (CCN)
www.americanbankingnews.com - September 12 at 6:48 PM
americanbankingnews.com logoPlanet Payment (PLPM) & CardConnect Corp (CCN) Critical Review
www.americanbankingnews.com - September 9 at 10:56 AM
americanbankingnews.com logoCardConnect Corp (CCN) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - September 6 at 2:36 PM
finance.yahoo.com logoDaySmart Integrates CardConnect’s Secure Payments Platform
finance.yahoo.com - August 31 at 4:57 PM
americanbankingnews.com logoAnalyzing CardConnect Corp (NASDAQ:CCN) and Euronet Worldwide (EEFT)
www.americanbankingnews.com - August 13 at 4:18 PM
americanbankingnews.com logoCardConnect Corp (CCN) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - August 12 at 2:50 PM
americanbankingnews.com logoWEX (WEX) versus CardConnect Corp (CCN) Head to Head Analysis
www.americanbankingnews.com - August 10 at 3:20 PM
americanbankingnews.com logoReviewing WEX (WEX) & CardConnect Corp (NASDAQ:CCN)
www.americanbankingnews.com - August 5 at 7:06 AM
americanbankingnews.com logoCardConnect Corp (NASDAQ:CCN) & Euronet Worldwide (EEFT) Financial Review
www.americanbankingnews.com - August 2 at 8:14 AM
americanbankingnews.com logoCardConnect Corp (CCN) to Release Earnings on Monday
www.americanbankingnews.com - July 31 at 8:15 AM
americanbankingnews.com logoCardConnect Corp (CCN) & Qiwi Plc (QIWI) Financial Comparison
www.americanbankingnews.com - July 30 at 7:42 AM
americanbankingnews.com logoCardConnect Corp (NASDAQ:CCN) versus First Data Corporation (FDC) Head to Head Analysis
www.americanbankingnews.com - July 25 at 10:54 AM
americanbankingnews.com logoCardConnect Corp. (NASDAQ:CCN) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - July 18 at 2:45 PM
americanbankingnews.com logoCardConnect Corp. (CCN) versus Global Payments (GPN) Financial Survey
www.americanbankingnews.com - July 16 at 8:08 AM
americanbankingnews.com logoCardConnect Corp. (NASDAQ:CCN) Sees Significant Growth in Short Interest
www.americanbankingnews.com - July 16 at 7:06 AM
baystreet.ca logoPayment Data Systems (PYDS) Shows Strength as FinTech Sector Continues M&A Activity
www.baystreet.ca - July 12 at 5:37 PM
finance.yahoo.com logoFirst Data completes $750M CardConnect deal
finance.yahoo.com - July 8 at 9:37 AM
finance.yahoo.com logoFirst Data Buys CardConnect, Boosts Distribution Footprint
finance.yahoo.com - July 8 at 9:37 AM
finance.yahoo.com logo$750M sale of King of Prussia fintech company completed
finance.yahoo.com - July 8 at 9:37 AM
americanbankingnews.com logoCardConnect Corp. (CCN) Expected to Post Earnings of $0.10 Per Share
www.americanbankingnews.com - July 7 at 11:24 AM
finance.yahoo.com logoLifshitz & Miller LLP Announces Investigation of Albany Molecular Research, Inc., Atwood Oceanics, Inc., CardConnect Corp., Covisint Corporation, Sajan, Inc., Whole Foods Market, Inc. and Xactly Corporation
finance.yahoo.com - July 3 at 5:01 PM
streetinsider.com logoCraig-Hallum Downgrades CardConnect Corp. (CCN) to Hold
www.streetinsider.com - May 30 at 9:15 PM
reuters.com logoPayments firm First Data to acquire CardConnect for $750 million: companies
www.reuters.com - May 30 at 9:15 PM
seekingalpha.com logoCardConnect Corp. 2017 Q1 - Results - Earnings Call Slides
seekingalpha.com - May 12 at 9:48 PM
reuters.com logoBRIEF-Cardconnect Corp says total consideration in merger agreement with CCN Chicago $39 mln - SEC filing
www.reuters.com - April 7 at 9:13 PM
streetinsider.com logoCardConnect Corp. (CCN) Agrees to Acquire MertzCo Inc.
www.streetinsider.com - April 4 at 2:41 AM
feeds.benzinga.com logoCardConnect Acquires MertzCo, Inc.
feeds.benzinga.com - April 3 at 6:46 PM
biz.yahoo.com logoCARDCONNECT CORP. Files SEC form 10-K, Annual Report
biz.yahoo.com - March 16 at 5:31 PM
us.rd.yahoo.com logoCardConnect Corp. Reports Fourth Quarter and Full-Year 2016 Results
us.rd.yahoo.com - March 10 at 5:10 PM
us.rd.yahoo.com logo7:36 am CardConnect misses by $0.02, misses on revs; guides FY17 revs below consensus
us.rd.yahoo.com - March 10 at 5:10 PM
biz.yahoo.com logoCARDCONNECT CORP. Files SEC form 8-K, Other Events
biz.yahoo.com - February 27 at 6:46 PM
bizjournals.com logoCardConnect founder plans to spend at least $80M to grow new startup
www.bizjournals.com - December 6 at 12:03 PM
biz.yahoo.com logoQ3 2016 CardConnect Corp Earnings Release - Before Market Open
biz.yahoo.com - November 10 at 12:00 PM
biz.yahoo.com logoCARDCONNECT CORP. Files SEC form 8-K, Results of Operations and Financial Condition
biz.yahoo.com - November 10 at 12:00 PM
biz.yahoo.com logoCARDCONNECT CORP. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
biz.yahoo.com - November 4 at 8:40 PM
biz.yahoo.com logoCARDCONNECT CORP. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
biz.yahoo.com - November 3 at 9:11 PM
biz.yahoo.com logoCARDCONNECT CORP. Files SEC form 8-K/A, Completion of Acquisition or Disposition of Assets, Results of Operations and
biz.yahoo.com - August 9 at 9:54 PM
biz.yahoo.com logoCARDCONNECT CORP. Files SEC form 8-K/A, Termination of a Material Definitive Agreement, Creation of a Direct Financia
biz.yahoo.com - August 4 at 9:50 PM
biz.yahoo.com logoCARDCONNECT CORP. Files SEC form 8-K, Unregistered Sale of Equity Securities, Submission of Matters to a Vote of Secu
biz.yahoo.com - August 3 at 11:46 AM

Social

Chart

CardConnect Corp (CCN) Chart for Friday, October, 20, 2017

This page was last updated on 10/20/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.