Barrington Research Forecasts Strong Price Appreciation for Cantaloupe (NASDAQ:CTLP) Stock

Cantaloupe (NASDAQ:CTLP) had its target price lifted by investment analysts at Barrington Research from $12.00 to $14.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Barrington Research’s price objective would suggest a potential upside of 32.33% from the company’s previous close.

Several other equities analysts have also recently commented on CTLP. Northland Securities boosted their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Benchmark boosted their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, November 8th.

Cantaloupe Trading Up 0.5 %

NASDAQ CTLP traded up $0.05 on Wednesday, hitting $10.58. 366,002 shares of the stock were exchanged, compared to its average volume of 343,441. Cantaloupe has a 52-week low of $5.74 and a 52-week high of $10.69. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03. The company has a market capitalization of $772.23 million, a price-to-earnings ratio of 52.90 and a beta of 1.64. The company’s 50-day moving average price is $9.00 and its two-hundred day moving average price is $8.28.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.45%. During the same quarter in the previous year, the business posted $0.04 EPS. Research analysts predict that Cantaloupe will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Cantaloupe

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Cantaloupe by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company’s stock valued at $33,657,000 after purchasing an additional 212,456 shares during the last quarter. Wasatch Advisors LP lifted its position in Cantaloupe by 20.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock worth $11,937,000 after acquiring an additional 271,782 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Cantaloupe by 0.4% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,608,375 shares of the technology company’s stock worth $11,902,000 after acquiring an additional 7,114 shares during the last quarter. Geode Capital Management LLC lifted its position in Cantaloupe by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after acquiring an additional 46,518 shares during the last quarter. Finally, State Street Corp lifted its position in Cantaloupe by 2.4% during the 3rd quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock worth $9,160,000 after acquiring an additional 29,460 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.