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

Barrington Research restated their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a research note released on Thursday morning,Benzinga reports. Barrington Research currently has a $14.00 price objective on the technology company’s stock.

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

Cantaloupe Price Performance

Shares of NASDAQ CTLP opened at $7.57 on Thursday. The firm has a market capitalization of $552.87 million, a P/E ratio of 37.85 and a beta of 1.64. The firm’s 50-day moving average price is $8.99 and its 200-day moving average price is $8.80. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. Cantaloupe has a 1-year low of $5.75 and a 1-year high of $11.36.

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, topping 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 quarter in the prior year, the company posted $0.04 EPS. Equities research analysts anticipate that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cantaloupe

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new stake in Cantaloupe during the third quarter worth about $26,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cantaloupe during the 4th quarter worth approximately $40,000. Parkside Financial Bank & Trust purchased a new stake in shares of Cantaloupe during the 4th quarter worth approximately $47,000. New York State Common Retirement Fund lifted its stake in Cantaloupe by 75.8% in the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after purchasing an additional 3,400 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Cantaloupe during the fourth quarter valued at $77,000. 75.75% of the stock is owned by hedge funds and other 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.