Benchmark Issues Positive Forecast for Cantaloupe (NASDAQ:CTLP) Stock Price

Cantaloupe (NASDAQ:CTLP) had its price objective hoisted by Benchmark from $11.00 to $13.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities analysts have also issued reports about the company. Barrington Research increased their price target on Cantaloupe from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Northland Securities lifted their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th.

Cantaloupe Stock Performance

Shares of CTLP opened at $9.82 on Wednesday. Cantaloupe has a 52 week low of $5.75 and a 52 week high of $11.36. The business’s 50 day moving average price is $9.30 and its 200-day moving average price is $8.58. The stock has a market cap of $717.20 million, a P/E ratio of 49.10 and a beta of 1.64. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

Cantaloupe (NASDAQ:CTLP) last announced its earnings results on Thursday, February 6th. The technology company reported $0.07 EPS 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 period in the previous 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

Large investors have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new stake in Cantaloupe in the third quarter worth $153,000. Intech Investment Management LLC bought a new stake in shares of Cantaloupe in the 3rd quarter worth about $119,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Cantaloupe by 4.8% during the 3rd 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. Quantbot Technologies LP boosted its stake in shares of Cantaloupe by 34.0% during the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,975 shares during the period. Finally, Wasatch Advisors LP grew its holdings in Cantaloupe by 20.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock valued at $11,937,000 after purchasing an additional 271,782 shares during the last quarter. Institutional investors 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.