Cantaloupe (NASDAQ:CTLP) Given Outperform Rating at Barrington Research

Barrington Research restated their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a research note released on Monday morning,Benzinga reports. The firm currently has a $12.00 price target on the technology company’s stock.

Several other research firms also recently commented on CTLP. Northland Securities lifted their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Benchmark lifted their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Cantaloupe Trading Up 2.6 %

NASDAQ CTLP opened at $8.64 on Monday. Cantaloupe has a twelve month low of $5.74 and a twelve month high of $10.48. The business’s fifty day moving average is $8.95 and its 200 day moving average is $8.21. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. The company has a market cap of $630.63 million, a price-to-earnings ratio of 50.83 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The firm had revenue of $70.84 million for the quarter, compared to analyst estimates of $70.54 million. During the same period last year, the firm posted $0.02 earnings per share. As a group, sell-side analysts expect that Cantaloupe will post 0.32 EPS for the current fiscal year.

Institutional Trading of Cantaloupe

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in Cantaloupe by 272.2% during the 3rd quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock worth $843,000 after purchasing an additional 83,316 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Cantaloupe by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after purchasing an additional 21,938 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Cantaloupe by 3.5% during the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after buying an additional 46,518 shares during the period. JPMorgan Chase & Co. raised its stake in Cantaloupe by 340.6% during the third quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock worth $824,000 after buying an additional 86,109 shares during the last quarter. Finally, State Street Corp lifted its holdings in Cantaloupe by 2.4% in the third quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock valued at $9,160,000 after buying an additional 29,460 shares during the period. 75.75% of the stock is currently owned by institutional investors.

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.