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

Barrington Research reaffirmed their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a research report report published on Friday morning, Benzinga reports. They currently have a $10.00 price objective on the technology company’s stock.

CTLP has been the topic of a number of other research reports. Benchmark reaffirmed a buy rating and issued a $10.00 price target on shares of Cantaloupe in a research report on Wednesday, September 11th. Northland Securities reiterated an outperform rating and issued a $10.00 price target on shares of Cantaloupe in a research note on Friday, July 12th. Finally, Craig Hallum dropped their price objective on shares of Cantaloupe from $13.00 to $11.00 and set a buy rating on the stock in a research report on Wednesday, September 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of Buy and an average target price of $10.00.

Cantaloupe Price Performance

Shares of Cantaloupe stock opened at $6.35 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.17. The business has a 50 day simple moving average of $6.89 and a two-hundred day simple moving average of $6.61. The stock has a market capitalization of $463.49 million, a P/E ratio of 39.69 and a beta of 1.70. Cantaloupe has a 12 month low of $5.74 and a 12 month high of $7.91.

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

Insiders Place Their Bets

In other news, CEO Ravi Venkatesan purchased 8,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average price of $6.30 per share, with a total value of $50,400.00. Following the purchase, the chief executive officer now directly owns 136,658 shares of the company’s stock, valued at $860,945.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cantaloupe

A number of large investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC purchased a new stake in shares of Cantaloupe during the second quarter worth about $2,276,000. North Star Investment Management Corp. purchased a new position in shares of Cantaloupe during the 1st quarter worth $1,093,000. Archon Capital Management LLC boosted its holdings in shares of Cantaloupe by 8.2% during the first quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company’s stock worth $9,221,000 after purchasing an additional 108,423 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Cantaloupe in the fourth quarter valued at $461,000. Finally, Janus Henderson Group PLC grew its position in shares of Cantaloupe by 152.7% in the first quarter. Janus Henderson Group PLC now owns 99,321 shares of the technology company’s stock valued at $638,000 after purchasing an additional 60,013 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

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.