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

Cantaloupe (NASDAQ:CTLP)‘s stock had its “outperform” rating restated by stock analysts at Barrington Research in a report issued on Thursday,Benzinga reports. They currently have a $14.00 price objective on the technology company’s stock. Barrington Research’s target price points to a potential upside of 84.94% from the company’s current price.

Separately, Benchmark raised their target price on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th.

Cantaloupe Trading Down 3.2 %

Shares of NASDAQ CTLP opened at $7.57 on Thursday. Cantaloupe has a fifty-two week low of $5.75 and a fifty-two week high of $11.36. The firm has a market capitalization of $552.87 million, a P/E ratio of 37.85 and a beta of 1.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12. The company’s 50 day simple moving average is $8.99 and its 200 day simple moving average is $8.78.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same period in the prior year, the company posted $0.04 EPS. On average, analysts predict that Cantaloupe will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Cantaloupe

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in Cantaloupe by 272.2% during the third quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock worth $843,000 after acquiring an additional 83,316 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Cantaloupe by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock worth $3,518,000 after purchasing an additional 21,938 shares during the period. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 86,109 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Cantaloupe by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock valued at $10,111,000 after purchasing an additional 46,518 shares in the last quarter. Finally, State Street Corp grew its position in shares of Cantaloupe by 2.4% in the 3rd quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock valued at $9,160,000 after purchasing an additional 29,460 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.