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 report issued on Friday, Benzinga reports. They presently have a $10.00 price target on the technology company’s stock. Barrington Research’s target price would indicate a potential upside of 58.48% from the company’s previous close.

A number of other equities analysts also recently issued reports on CTLP. Craig Hallum cut their price target on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday. Northland Securities reaffirmed an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a research note on Friday, July 12th. Finally, Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Cantaloupe in a research note on Wednesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Cantaloupe presently has an average rating of “Buy” and a consensus target price of $10.00.

Cantaloupe Stock Up 1.1 %

Cantaloupe stock traded up $0.07 during trading on Friday, reaching $6.31. The stock had a trading volume of 387,991 shares, compared to its average volume of 294,712. Cantaloupe has a 52-week low of $5.74 and a 52-week high of $7.91. The business has a 50 day moving average price of $6.89 and a 200 day moving average price of $6.61. The company has a quick ratio of 1.17, a current ratio of 1.49 and a debt-to-equity ratio of 0.20. The stock has a market cap of $460.57 million, a PE ratio of 39.44 and a beta of 1.70.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Tuesday, September 10th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $72.66 million during the quarter, compared to analyst estimates of $76.14 million. Cantaloupe had a net margin of 4.47% and a return on equity of 6.83%. During the same quarter in the previous year, the company posted $0.04 EPS. On average, analysts predict that Cantaloupe will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Cantaloupe

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jump Financial LLC raised its position in Cantaloupe by 29.9% in the fourth quarter. Jump Financial LLC now owns 46,698 shares of the technology company’s stock worth $346,000 after acquiring an additional 10,757 shares in the last quarter. Corient Private Wealth LLC boosted its position in Cantaloupe by 52.6% during the fourth quarter. Corient Private Wealth LLC now owns 165,400 shares of the technology company’s stock worth $1,226,000 after purchasing an additional 57,034 shares during the period. Advisory Services Network LLC bought a new stake in Cantaloupe during the fourth quarter worth approximately $461,000. North Star Investment Management Corp. bought a new stake in shares of Cantaloupe in the first quarter valued at approximately $1,093,000. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of Cantaloupe by 53.2% in the first quarter. Susquehanna Fundamental Investments LLC now owns 50,333 shares of the technology company’s stock valued at $324,000 after acquiring an additional 17,479 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.