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

Barrington Research reiterated their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a research report sent to investors on Monday morning, Benzinga reports. Barrington Research currently has a $10.00 price objective on the technology company’s stock.

Separately, Benchmark reiterated a buy rating and set a $10.00 price objective on shares of Cantaloupe in a research note on Monday, March 25th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Cantaloupe currently has a consensus rating of Buy and an average price target of $9.88.

Cantaloupe Trading Down 2.0 %

NASDAQ:CTLP opened at $5.85 on Monday. The business’s 50-day moving average is $6.23 and its two-hundred day moving average is $6.63. The firm has a market capitalization of $425.88 million, a PE ratio of 31.42 and a beta of 1.51. Cantaloupe has a 12 month low of $5.74 and a 12 month high of $8.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.64 and a quick ratio of 1.20.

Cantaloupe (NASDAQ:CTLP) last posted its earnings results on Thursday, February 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $65.36 million during the quarter, compared to analyst estimates of $66.92 million. Cantaloupe had a return on equity of 8.95% and a net margin of 5.90%. Research analysts predict that Cantaloupe will post 0.17 earnings per share for the current fiscal year.

Insider Activity at Cantaloupe

In related news, CEO Ravi Venkatesan purchased 7,749 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $6.45 per share, for a total transaction of $49,981.05. Following the completion of the purchase, the chief executive officer now owns 128,658 shares in the company, valued at $829,844.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Cantaloupe news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $6.30, for a total transaction of $570,666.60. Following the transaction, the insider now owns 9,270,694 shares of the company’s stock, valued at approximately $58,405,372.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ravi Venkatesan purchased 7,749 shares of the stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $6.45 per share, with a total value of $49,981.05. Following the completion of the acquisition, the chief executive officer now directly owns 128,658 shares in the company, valued at approximately $829,844.10. The disclosure for this purchase can be found here. 4.30% of the stock is currently owned by company insiders.

Institutional Trading of Cantaloupe

A number of institutional investors and hedge funds have recently modified their holdings of CTLP. Vanguard Group Inc. raised its stake in Cantaloupe by 1.4% during the third quarter. Vanguard Group Inc. now owns 3,331,780 shares of the technology company’s stock worth $20,824,000 after acquiring an additional 46,252 shares during the period. Nierenberg Investment Management Company Inc. lifted its holdings in shares of Cantaloupe by 8.6% in the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 2,631,436 shares of the technology company’s stock worth $16,446,000 after purchasing an additional 209,078 shares during the last quarter. Deutsche Bank AG boosted its position in Cantaloupe by 14.3% during the 3rd quarter. Deutsche Bank AG now owns 2,029,926 shares of the technology company’s stock valued at $12,687,000 after purchasing an additional 254,203 shares during the period. Jacob Asset Management of New York LLC grew its stake in Cantaloupe by 22.8% during the 3rd quarter. Jacob Asset Management of New York LLC now owns 396,294 shares of the technology company’s stock worth $2,477,000 after buying an additional 73,700 shares during the last quarter. Finally, Towerview LLC grew its stake in Cantaloupe by 2.2% during the 4th quarter. Towerview LLC now owns 230,000 shares of the technology company’s stock worth $1,704,000 after buying an additional 5,000 shares during the last quarter. 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.