Barrington Research Reiterates Outperform Rating for Cantaloupe (NASDAQ:CTLP)

Barrington Research reaffirmed their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a research report report published on Thursday,Benzinga reports. They currently have a $14.00 price target on the technology company’s stock.

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

Cantaloupe Stock Down 3.2 %

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

Cantaloupe (NASDAQ:CTLP) last released its earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same quarter last year, the company posted $0.04 EPS. As a group, analysts expect that Cantaloupe will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Cantaloupe

Institutional investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in shares of Cantaloupe in the third quarter valued at about $119,000. Charles Schwab Investment Management Inc. grew its stake in shares of Cantaloupe by 4.8% in the third 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 last quarter. Quantbot Technologies LP increased its holdings in Cantaloupe by 34.0% during the 3rd 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 during the period. Wasatch Advisors LP raised its position 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. Finally, Janus Henderson Group PLC lifted its holdings in Cantaloupe by 15.7% in the 3rd quarter. Janus Henderson Group PLC now owns 154,985 shares of the technology company’s stock worth $1,146,000 after buying an additional 21,004 shares during the period. Hedge funds and other 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.