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

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

A number of other research firms have also commented on CTLP. Craig Hallum decreased their price objective on Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Cantaloupe in a research note on Wednesday, September 11th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a research note on Friday, July 12th.

Cantaloupe Trading Up 1.7 %

Shares of CTLP stock opened at $9.38 on Monday. Cantaloupe has a fifty-two week low of $5.74 and a fifty-two week high of $9.67. The stock has a market cap of $684.65 million, a P/E ratio of 62.54 and a beta of 1.68. The business has a fifty day simple moving average of $7.79 and a 200-day simple moving average of $7.11. The company has a quick ratio of 1.10, a current ratio of 1.49 and a debt-to-equity ratio of 0.20.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Tuesday, September 10th. The technology company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Cantaloupe had a net margin of 4.47% and a return on equity of 6.83%. The firm had revenue of $72.66 million during the quarter, compared to analysts’ expectations of $76.14 million. During the same quarter in the prior year, the business earned $0.04 EPS. On average, analysts forecast that Cantaloupe will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cantaloupe news, Director Douglas Bergeron purchased 13,866 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were purchased at an average cost of $7.15 per share, with a total value of $99,141.90. Following the purchase, the director now owns 192,185 shares in the company, valued at approximately $1,374,122.75. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Cantaloupe news, Director Douglas Bergeron purchased 13,866 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were purchased at an average cost of $7.15 per share, with a total value of $99,141.90. Following the purchase, the director now owns 192,185 shares in the company, valued at approximately $1,374,122.75. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ravi Venkatesan purchased 8,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $6.30 per share, for a total transaction of $50,400.00. Following the completion of the purchase, the chief executive officer now owns 136,658 shares in the company, valued at $860,945.40. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 57,866 shares of company stock valued at $416,302. Insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Cantaloupe

Several hedge funds and other institutional investors have recently modified their holdings of CTLP. Assenagon Asset Management S.A. acquired a new position in shares of Cantaloupe in the 2nd quarter valued at about $89,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Cantaloupe by 23.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock valued at $111,000 after purchasing an additional 3,197 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Cantaloupe by 68.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company’s stock valued at $152,000 after purchasing an additional 9,374 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Cantaloupe in the 3rd quarter valued at about $153,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Cantaloupe by 15.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock valued at $159,000 after purchasing an additional 3,210 shares in 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 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.