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

Cantaloupe (NASDAQ:CTLP)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $12.00 price target on the technology company’s stock. Barrington Research’s price objective suggests a potential upside of 47.42% from the stock’s previous close.

A number of other equities analysts have also weighed in on CTLP. Northland Securities increased their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Benchmark increased their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Cantaloupe Price Performance

CTLP opened at $8.14 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The firm has a market cap of $594.14 million, a P/E ratio of 47.89 and a beta of 1.64. Cantaloupe has a fifty-two week low of $5.74 and a fifty-two week high of $10.48. The firm has a 50-day moving average of $9.00 and a 200 day moving average of $8.19.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. During the same quarter last year, the business earned $0.02 earnings per share. On average, research analysts expect that Cantaloupe will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Cantaloupe

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Cantaloupe in the third quarter worth about $26,000. New York State Common Retirement Fund raised 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 in the last quarter. Truist Financial Corp purchased a new stake in Cantaloupe in the fourth quarter valued at approximately $111,000. Quantbot Technologies LP raised its stake in Cantaloupe by 34.0% in the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock valued at $116,000 after purchasing an additional 3,975 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Cantaloupe in the third quarter valued at approximately $119,000. 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.