Cantaloupe (NASDAQ:CTLP) Given “Outperform” Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a report published on Monday morning, Benzinga reports. Barrington Research currently has a $10.00 price objective on the technology company’s stock.

Separately, Benchmark reissued a buy rating and issued a $10.00 price target on shares of Cantaloupe in a report on Monday, March 25th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $9.88.

Cantaloupe Price Performance

Shares of NASDAQ CTLP opened at $5.85 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a market cap of $425.86 million, a price-to-earnings ratio of 30.79 and a beta of 1.51. The company’s 50-day moving average price is $6.22 and its 200 day moving average price is $6.63. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $8.28.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Cantaloupe had a net margin of 5.90% and a return on equity of 8.95%. The business had revenue of $65.36 million during the quarter, compared to analysts’ expectations of $66.92 million. As a group, research analysts forecast that Cantaloupe will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ravi Venkatesan bought 7,749 shares of the stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $6.45 per share, with a total value of $49,981.05. Following the purchase, the chief executive officer now owns 128,658 shares of the company’s stock, valued at $829,844.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Cantaloupe news, CEO Ravi Venkatesan acquired 7,749 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $6.45 per share, for a total transaction of $49,981.05. Following the completion of the acquisition, the chief executive officer now directly owns 128,658 shares of the company’s stock, valued at $829,844.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total value of $570,666.60. Following the completion of the transaction, the insider now owns 9,270,694 shares of the company’s stock, valued at $58,405,372.20. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Towerview LLC increased its position in Cantaloupe by 2.2% during the fourth quarter. Towerview LLC now owns 230,000 shares of the technology company’s stock worth $1,704,000 after purchasing an additional 5,000 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Cantaloupe during the 4th quarter valued at $38,000. SG Americas Securities LLC raised its position in shares of Cantaloupe by 40.5% in the 4th quarter. SG Americas Securities LLC now owns 21,265 shares of the technology company’s stock worth $158,000 after buying an additional 6,125 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Cantaloupe by 949.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,794 shares of the technology company’s stock valued at $80,000 after purchasing an additional 9,765 shares during the period. Finally, Barclays PLC boosted its stake in shares of Cantaloupe by 46.2% in the third quarter. Barclays PLC now owns 32,945 shares of the technology company’s stock valued at $206,000 after purchasing an additional 10,415 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.