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

Cantaloupe (NASDAQ:CTLP)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They presently have a $12.00 price objective on the technology company’s stock. Barrington Research’s price objective points to a potential upside of 47.42% from the company’s current price.

CTLP has been the topic of a number of other research reports. Northland Securities boosted their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Benchmark boosted their target price on shares of Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

Cantaloupe Trading Down 3.3 %

NASDAQ:CTLP opened at $8.14 on Monday. The firm’s fifty day moving average is $9.00 and its 200-day moving average is $8.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $10.48. The firm has a market cap of $594.14 million, a P/E ratio of 47.89 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. The company had revenue of $70.84 million for the quarter, compared to analyst estimates of $70.54 million. During the same period in the prior year, the firm posted $0.02 EPS. Equities analysts expect that Cantaloupe will post 0.32 earnings per share for the current year.

Institutional Trading of Cantaloupe

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP raised its holdings in shares of Cantaloupe by 20.3% in the third quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock valued at $11,937,000 after purchasing an additional 271,782 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Cantaloupe by 0.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,608,375 shares of the technology company’s stock valued at $11,902,000 after purchasing an additional 7,114 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Cantaloupe by 3.5% in the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock valued at $10,111,000 after purchasing an additional 46,518 shares during the last quarter. State Street Corp raised its holdings in shares of Cantaloupe by 2.4% in the third quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock valued at $9,160,000 after purchasing an additional 29,460 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Cantaloupe by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after purchasing an additional 21,938 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.