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

Barrington Research reissued their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a report issued on Thursday,Benzinga reports. The brokerage currently has a $14.00 price objective on the technology company’s stock.

Separately, Benchmark raised their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.

Cantaloupe Stock Performance

Shares of NASDAQ:CTLP opened at $7.82 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $9.00 and a 200-day moving average price of $8.77. The company has a market cap of $571.13 million, a price-to-earnings ratio of 39.10 and a beta of 1.64. Cantaloupe has a 12 month low of $5.75 and a 12 month high of $11.36.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same quarter last year, the business posted $0.04 earnings per share. As a group, equities analysts anticipate that Cantaloupe will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Cantaloupe

A number of institutional investors have recently added to or reduced their stakes in CTLP. Quarry LP purchased a new stake in shares of Cantaloupe in the 3rd quarter worth about $26,000. Harvest Fund Management Co. Ltd purchased a new stake in Cantaloupe in the fourth quarter worth about $40,000. Parkside Financial Bank & Trust bought a new position in shares of Cantaloupe during the fourth quarter valued at approximately $47,000. New York State Common Retirement Fund lifted its holdings in shares of Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after purchasing an additional 3,400 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Cantaloupe in the 4th quarter worth approximately $77,000. Institutional investors own 75.75% of the company’s stock.

About Cantaloupe

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.