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

Barrington Research reiterated their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a $10.00 target price on the technology company’s stock.

Separately, Benchmark reiterated a buy rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Monday, March 25th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of Buy and a consensus target price of $9.88.

Cantaloupe Stock Performance

NASDAQ CTLP opened at $5.85 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.64 and a debt-to-equity ratio of 0.21. The stock has a market cap of $425.88 million, a price-to-earnings ratio of 31.42 and a beta of 1.51. Cantaloupe has a fifty-two week low of $5.74 and a fifty-two week high of $8.28. The business has a fifty day moving average of $6.23 and a 200-day moving average of $6.63.

Cantaloupe (NASDAQ:CTLP) last announced its earnings results on Thursday, February 8th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Cantaloupe had a net margin of 5.90% and a return on equity of 8.95%. The firm had revenue of $65.36 million during the quarter, compared to the consensus estimate of $66.92 million. As a group, analysts predict that Cantaloupe will post 0.17 earnings per share for the current fiscal year.

Insider Activity at Cantaloupe

In related news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $6.30, for a total transaction of $570,666.60. Following the sale, the insider now directly owns 9,270,694 shares in the company, valued at approximately $58,405,372.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Ravi Venkatesan acquired 7,749 shares of the business’s stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $6.45 per share, for a total transaction of $49,981.05. Following the acquisition, the chief executive officer now directly owns 128,658 shares of the company’s stock, valued at approximately $829,844.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total transaction of $570,666.60. Following the completion of the transaction, the insider now directly owns 9,270,694 shares of the company’s stock, valued at $58,405,372.20. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC increased its holdings in Cantaloupe by 53.2% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 50,333 shares of the technology company’s stock worth $324,000 after purchasing an additional 17,479 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Cantaloupe during the first quarter worth approximately $1,093,000. Tower Research Capital LLC TRC increased its stake in shares of Cantaloupe by 949.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,794 shares of the technology company’s stock worth $80,000 after buying an additional 9,765 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Cantaloupe in the fourth quarter valued at $461,000. Finally, Corient Private Wealth LLC raised its holdings in Cantaloupe by 52.6% in the fourth quarter. Corient Private Wealth LLC now owns 165,400 shares of the technology company’s stock valued at $1,226,000 after acquiring an additional 57,034 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.