Cantaloupe (NASDAQ:CTLP) Reaches New 1-Year High – What’s Next?

Cantaloupe, Inc. (NASDAQ:CTLP) hit a new 52-week high during trading on Monday . The stock traded as high as $9.95 and last traded at $9.95, with a volume of 207461 shares. The stock had previously closed at $9.25.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Benchmark lifted their price objective on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Northland Securities boosted their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Monday, November 4th. Finally, Craig Hallum dropped their price objective on Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th.

Cantaloupe Price Performance

The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $9.07 and a 200-day moving average of $7.67. The stock has a market capitalization of $746.69 million, a P/E ratio of 59.47 and a beta of 1.66.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $70.84 million during the quarter, compared to analysts’ expectations of $70.54 million. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. During the same period in the previous year, the business earned $0.02 earnings per share. On average, equities research analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Cantaloupe

In related news, Director Douglas Bergeron purchased 13,866 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was bought at an average price of $7.15 per share, with a total value of $99,141.90. Following the completion of the transaction, the director now owns 192,185 shares of the company’s stock, valued at approximately $1,374,122.75. This represents a 7.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.30% of the company’s stock.

Institutional Trading of Cantaloupe

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in Cantaloupe in the 3rd quarter worth about $156,000. Barclays PLC grew its holdings in Cantaloupe by 272.2% in the third quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock valued at $843,000 after purchasing an additional 83,316 shares during the period. Geode Capital Management LLC increased its position in Cantaloupe by 3.5% during the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after purchasing an additional 46,518 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake in Cantaloupe by 0.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,608,375 shares of the technology company’s stock worth $11,902,000 after purchasing an additional 7,114 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Cantaloupe by 98.4% during the 3rd quarter. XTX Topco Ltd now owns 34,350 shares of the technology company’s stock valued at $254,000 after buying an additional 17,040 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Company Profile

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.