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

Cantaloupe (NASDAQ:CTLP)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a research note issued on Monday, Benzinga reports. They currently have a $10.00 target price on the technology company’s stock. Barrington Research’s target price suggests a potential upside of 67.50% from the stock’s current price.

Separately, Benchmark restated a “buy” rating and set a $10.00 price target on shares of Cantaloupe in a research report on Monday, March 25th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $9.88.

Cantaloupe Trading Up 0.8 %

Shares of CTLP opened at $5.97 on Monday. Cantaloupe has a 1-year low of $5.74 and a 1-year high of $8.28. The company has a market capitalization of $434.62 million, a P/E ratio of 31.37 and a beta of 1.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.64 and a quick ratio of 1.20. The firm’s 50 day simple moving average is $6.24 and its 200 day simple moving average is $6.64.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Cantaloupe had a net margin of 5.90% and a return on equity of 8.95%. The firm had revenue of $65.36 million for the quarter, compared to analyst estimates of $66.92 million. Sell-side analysts forecast that Cantaloupe will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In other Cantaloupe news, CEO Ravi Venkatesan bought 7,749 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $6.45 per share, for a total transaction of $49,981.05. Following the transaction, the chief executive officer now directly owns 128,658 shares in the company, valued at $829,844.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cantaloupe news, CEO Ravi Venkatesan purchased 7,749 shares of the business’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $6.45 per share, for a total transaction of $49,981.05. Following the completion of the transaction, the chief executive officer now directly owns 128,658 shares in the company, valued at approximately $829,844.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Hudson Executive Capital Lp sold 90,582 shares of Cantaloupe stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $6.30, for a total value of $570,666.60. Following the completion of the transaction, the insider now owns 9,270,694 shares in the company, valued at approximately $58,405,372.20. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.

Institutional Trading of Cantaloupe

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Towerview LLC grew its holdings in shares of Cantaloupe by 2.2% in the fourth quarter. Towerview LLC now owns 230,000 shares of the technology company’s stock worth $1,704,000 after purchasing an additional 5,000 shares during the last quarter. Deutsche Bank AG grew its holdings in Cantaloupe by 14.3% in the 3rd quarter. Deutsche Bank AG now owns 2,029,926 shares of the technology company’s stock worth $12,687,000 after acquiring an additional 254,203 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cantaloupe by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,331,780 shares of the technology company’s stock valued at $20,824,000 after acquiring an additional 46,252 shares during the period. Nierenberg Investment Management Company Inc. raised its stake in shares of Cantaloupe by 8.6% during the third quarter. Nierenberg Investment Management Company Inc. now owns 2,631,436 shares of the technology company’s stock valued at $16,446,000 after acquiring an additional 209,078 shares during the last quarter. Finally, Teza Capital Management LLC purchased a new stake in shares of Cantaloupe during the third quarter worth about $107,000. 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 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.