Cantaloupe (NASDAQ:CTLP) Given “Outperform” Rating at Northland Securities

Cantaloupe (NASDAQ:CTLP)‘s stock had its “outperform” rating reissued by stock analysts at Northland Securities in a report issued on Friday, Benzinga reports. They presently have a $10.00 price objective on the technology company’s stock. Northland Securities’ price objective would indicate a potential upside of 53.14% from the stock’s current price.

Several other brokerages also recently weighed in on CTLP. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Cantaloupe in a research note on Monday, March 25th. Barrington Research restated an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a report on Tuesday, May 28th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Cantaloupe currently has a consensus rating of “Buy” and a consensus target price of $9.90.

Cantaloupe Stock Up 0.6 %

Shares of NASDAQ:CTLP traded up $0.04 during mid-day trading on Friday, hitting $6.53. 108,237 shares of the company traded hands, compared to its average volume of 305,554. The firm has a market cap of $475.45 million, a P/E ratio of 40.75 and a beta of 1.66. Cantaloupe has a 52-week low of $5.74 and a 52-week high of $8.28. The firm’s 50 day simple moving average is $6.65 and its 200 day simple moving average is $6.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.57.

Cantaloupe (NASDAQ:CTLP) last posted its earnings results on Thursday, May 9th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $69.57 million. Cantaloupe had a net margin of 4.85% and a return on equity of 7.36%. During the same period in the previous year, the company posted $0.09 earnings per share. On average, equities analysts anticipate that Cantaloupe will post 0.17 EPS for the current year.

Institutional Trading of Cantaloupe

A number of institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in Cantaloupe by 23.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock valued at $111,000 after purchasing an additional 3,197 shares during the period. Jupiter Asset Management Ltd. lifted its position in Cantaloupe by 11.4% in the first quarter. Jupiter Asset Management Ltd. now owns 34,558 shares of the technology company’s stock worth $222,000 after purchasing an additional 3,536 shares during the period. Towerview LLC increased its position in shares of Cantaloupe by 2.2% during the 4th quarter. Towerview LLC now owns 230,000 shares of the technology company’s stock valued at $1,704,000 after purchasing an additional 5,000 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Cantaloupe during the 4th quarter valued at $38,000. Finally, SG Americas Securities LLC raised its stake in shares of Cantaloupe by 40.5% in the 4th quarter. SG Americas Securities LLC now owns 21,265 shares of the technology company’s stock worth $158,000 after buying an additional 6,125 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Cantaloupe Company Profile

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.