Cantaloupe’s (CTLP) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of Cantaloupe (NASDAQ:CTLP) in a research note published on Monday morning, Benzinga reports. The firm currently has a $10.00 price target on the technology company’s stock.

Separately, Barrington Research restated an outperform rating and set a $10.00 target price on shares of Cantaloupe in a report on Wednesday, February 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $9.70.

Cantaloupe Trading Down 0.5 %

CTLP opened at $6.43 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $468.10 million, a PE ratio of 33.84 and a beta of 1.55. Cantaloupe has a 1-year low of $5.27 and a 1-year high of $8.28. The firm has a 50-day moving average price of $6.52 and a two-hundred day moving average price of $6.72.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Thursday, February 8th. The technology company reported $0.04 earnings per share (EPS) 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 company had revenue of $65.36 million for the quarter, compared to analyst estimates of $66.92 million. As a group, equities analysts anticipate that Cantaloupe will post 0.17 earnings per share for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Cantaloupe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Towerview LLC boosted its position in Cantaloupe by 12.5% during the third quarter. Towerview LLC now owns 225,000 shares of the technology company’s stock worth $1,406,000 after purchasing an additional 25,000 shares during the period. Deutsche Bank AG boosted its position in Cantaloupe by 14.3% during the third quarter. Deutsche Bank AG now owns 2,029,926 shares of the technology company’s stock worth $12,687,000 after purchasing an additional 254,203 shares during the period. Nierenberg Investment Management Company Inc. boosted its position in Cantaloupe by 8.6% during the third quarter. Nierenberg Investment Management Company Inc. now owns 2,631,436 shares of the technology company’s stock worth $16,446,000 after purchasing an additional 209,078 shares during the period. Teza Capital Management LLC bought a new stake in shares of Cantaloupe in the third quarter valued at about $107,000. Finally, Swiss National Bank acquired a new position in shares of Cantaloupe in the third quarter valued at about $797,000. 75.75% of the stock is owned by institutional investors.

Cantaloupe Company Profile

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.