Barrington Research Reiterates Outperform Rating for Cantaloupe (NASDAQ:CTLP)

Cantaloupe (NASDAQ:CTLP)‘s stock had its “outperform” rating reissued by research analysts at Barrington Research in a research report issued on Monday,Benzinga reports. They presently have a $12.00 price target on the technology company’s stock. Barrington Research’s target price points to a potential upside of 42.52% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Benchmark boosted their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Northland Securities boosted their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th.

Cantaloupe Stock Up 2.6 %

Shares of NASDAQ CTLP opened at $8.42 on Monday. The stock has a market cap of $614.58 million, a P/E ratio of 49.53 and a beta of 1.64. The business’s fifty day simple moving average is $8.96 and its 200-day simple moving average is $8.21. Cantaloupe has a 12-month low of $5.74 and a 12-month high of $10.48. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19.

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

Institutional Trading of Cantaloupe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its position in shares of Cantaloupe by 75.8% in the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after buying an additional 3,400 shares during the last quarter. Truist Financial Corp acquired a new position in Cantaloupe in the fourth quarter valued at $111,000. Rhumbline Advisers grew its holdings in shares of Cantaloupe by 4.1% during the fourth quarter. Rhumbline Advisers now owns 80,973 shares of the technology company’s stock worth $770,000 after purchasing an additional 3,221 shares during the last quarter. Anderson Hoagland & Co. acquired a new stake in shares of Cantaloupe during the fourth quarter worth about $1,837,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Cantaloupe by 25.3% in the 4th quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company’s stock valued at $265,000 after purchasing an additional 5,612 shares during the last quarter. Institutional investors and hedge funds 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.