Cantaloupe (NASDAQ:CTLP) Receives “Outperform” Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a report released on Monday morning, Benzinga reports. They currently have a $10.00 target price on the technology company’s stock.

CTLP has been the subject of a number of other research reports. Craig Hallum dropped their target price on Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Benchmark reissued a “buy” rating and set a $10.00 price objective on shares of Cantaloupe in a report on Wednesday, September 11th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Friday, July 12th.

Cantaloupe Stock Performance

Shares of NASDAQ:CTLP opened at $9.16 on Monday. The business has a fifty day moving average of $7.75 and a 200-day moving average of $7.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.10 and a current ratio of 1.49. Cantaloupe has a twelve month low of $5.74 and a twelve month high of $9.40. The firm has a market cap of $668.59 million, a PE ratio of 61.07 and a beta of 1.68.

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

Insider Activity at Cantaloupe

In related news, Director Douglas Bergeron bought 36,000 shares of Cantaloupe stock in a transaction on Monday, September 30th. The shares were purchased at an average price of $7.41 per share, for a total transaction of $266,760.00. Following the completion of the acquisition, the director now owns 462,319 shares in the company, valued at approximately $3,425,783.79. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Douglas Bergeron bought 36,000 shares of the business’s stock in a transaction on Monday, September 30th. The shares were bought at an average cost of $7.41 per share, for a total transaction of $266,760.00. Following the completion of the acquisition, the director now owns 462,319 shares in the company, valued at approximately $3,425,783.79. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ravi Venkatesan purchased 8,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $6.30 per share, with a total value of $50,400.00. Following the acquisition, the chief executive officer now directly owns 136,658 shares in the company, valued at $860,945.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 57,866 shares of company stock worth $416,302. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Cantaloupe

A number of hedge funds have recently modified their holdings of CTLP. Susquehanna Fundamental Investments LLC raised its holdings in Cantaloupe by 53.2% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 50,333 shares of the technology company’s stock worth $324,000 after buying an additional 17,479 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of Cantaloupe by 11.4% during the first quarter. Jupiter Asset Management Ltd. now owns 34,558 shares of the technology company’s stock worth $222,000 after acquiring an additional 3,536 shares during the period. Archon Capital Management LLC lifted its position in Cantaloupe by 8.2% in the 1st quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company’s stock valued at $9,221,000 after acquiring an additional 108,423 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Cantaloupe by 23.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock worth $111,000 after purchasing an additional 3,197 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Cantaloupe by 152.7% in the 1st quarter. Janus Henderson Group PLC now owns 99,321 shares of the technology company’s stock worth $638,000 after purchasing an additional 60,013 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 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.