Cantaloupe’s (CTLP) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a research report released on Wednesday, Benzinga reports. The brokerage currently has a $10.00 price target on the technology company’s stock.

Separately, Benchmark reaffirmed a buy rating and set a $10.00 price objective on shares of Cantaloupe in a research report on Monday, March 25th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of Buy and an average target price of $9.88.

Cantaloupe Trading Up 2.8 %

NASDAQ CTLP traded up $0.19 on Wednesday, reaching $6.87. 321,998 shares of the company were exchanged, compared to its average volume of 307,965. Cantaloupe has a fifty-two week low of $5.74 and a fifty-two week high of $8.28. The company has a current ratio of 1.57, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average price is $6.23 and its 200 day moving average price is $6.63. The stock has a market capitalization of $500.20 million, a P/E ratio of 41.75 and a beta of 1.51.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $67.90 million during the quarter, compared to analyst estimates of $69.57 million. Cantaloupe had a return on equity of 7.36% and a net margin of 4.85%. During the same period in the prior year, the business posted $0.09 earnings per share. Analysts forecast that Cantaloupe will post 0.17 earnings per share for the current year.

Insider Transactions at Cantaloupe

In other news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the firm’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 sale, the insider now directly owns 9,270,694 shares in the company, valued at approximately $58,405,372.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of Cantaloupe

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC increased its position in shares of Cantaloupe by 152.7% in the first quarter. Janus Henderson Group PLC now owns 99,321 shares of the technology company’s stock worth $638,000 after acquiring an additional 60,013 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Cantaloupe by 23.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock worth $111,000 after purchasing an additional 3,197 shares in the last quarter. Archon Capital Management LLC boosted its stake in shares of Cantaloupe by 8.2% in the first quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company’s stock valued at $9,221,000 after purchasing an additional 108,423 shares during the period. Jupiter Asset Management Ltd. grew its holdings in Cantaloupe by 11.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 34,558 shares of the technology company’s stock valued at $222,000 after purchasing an additional 3,536 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its stake in Cantaloupe by 53.2% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 50,333 shares of the technology company’s stock worth $324,000 after buying an additional 17,479 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.