Benchmark Increases Cantaloupe (NASDAQ:CTLP) Price Target to $13.00

Cantaloupe (NASDAQ:CTLP) had its price target increased by Benchmark from $11.00 to $13.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other equities research analysts have also recently issued reports on the company. Barrington Research upped their target price on Cantaloupe from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Northland Securities upped their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, November 11th.

Cantaloupe Trading Down 2.4 %

Shares of NASDAQ:CTLP opened at $10.42 on Wednesday. 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 stock has a market capitalization of $761.02 million, a PE ratio of 52.10 and a beta of 1.64. Cantaloupe has a 1 year low of $5.75 and a 1 year high of $11.36. The firm has a fifty day moving average price of $9.28 and a 200 day moving average price of $8.55.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping 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 period in the previous year, the company earned $0.04 earnings per share. Analysts expect that Cantaloupe will post 0.32 EPS for the current fiscal year.

Institutional Trading of Cantaloupe

Several hedge funds have recently added to or reduced their stakes in CTLP. Barclays PLC lifted its holdings in shares of Cantaloupe by 272.2% during the third quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock worth $843,000 after buying an additional 83,316 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Cantaloupe by 4.8% during the 3rd 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. JPMorgan Chase & Co. boosted its holdings in Cantaloupe by 340.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock valued at $824,000 after purchasing an additional 86,109 shares during the period. Geode Capital Management LLC grew its position in Cantaloupe by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after purchasing an additional 46,518 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of 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 purchasing an additional 29,460 shares during the period. 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.