Cantaloupe (NASDAQ:CTLP) Stock Rating Reaffirmed by Barrington Research

Cantaloupe (NASDAQ:CTLP)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a note issued to investors on Monday, Benzinga reports. They presently have a $10.00 price objective on the technology company’s stock. Barrington Research’s price target would suggest a potential upside of 67.50% from the stock’s previous close.

Separately, Benchmark reissued a “buy” rating and issued a $10.00 target price on shares of Cantaloupe in a research report on Monday, March 25th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Cantaloupe currently has an average rating of “Buy” and an average target price of $9.88.

Cantaloupe Stock Up 0.7 %

Shares of CTLP traded up $0.04 during trading hours on Monday, hitting $5.97. The company had a trading volume of 10,178 shares, compared to its average volume of 295,691. The firm has a fifty day moving average price of $6.26 and a 200-day moving average price of $6.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.64. The stock has a market capitalization of $434.62 million, a price-to-earnings ratio of 31.42 and a beta of 1.51. Cantaloupe has a 52-week low of $5.74 and a 52-week high of $8.28.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Thursday, February 8th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Cantaloupe had a return on equity of 8.95% and a net margin of 5.90%. The business had revenue of $65.36 million during the quarter, compared to analyst estimates of $66.92 million. On average, equities research analysts forecast that Cantaloupe will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling at Cantaloupe

In other news, CEO Ravi Venkatesan purchased 7,749 shares of the business’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $6.45 per share, for a total transaction of $49,981.05. Following the purchase, the chief executive officer now directly owns 128,658 shares in the company, valued at approximately $829,844.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. Also, CEO Ravi Venkatesan purchased 7,749 shares of the company’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $6.45 per share, with a total value of $49,981.05. Following the completion of the purchase, the chief executive officer now directly owns 128,658 shares in the company, valued at $829,844.10. The disclosure for this purchase can be found here. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. bought a new position in Cantaloupe in the 1st quarter worth approximately $1,093,000. Tower Research Capital LLC TRC boosted its stake in Cantaloupe by 949.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,794 shares of the technology company’s stock worth $80,000 after purchasing an additional 9,765 shares during the period. Advisory Services Network LLC bought a new position in Cantaloupe in the 4th quarter worth approximately $461,000. Corient Private Wealth LLC raised its holdings in shares of Cantaloupe by 52.6% during the 4th quarter. Corient Private Wealth LLC now owns 165,400 shares of the technology company’s stock worth $1,226,000 after acquiring an additional 57,034 shares in the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Cantaloupe by 29.9% during the 4th quarter. Jump Financial LLC now owns 46,698 shares of the technology company’s stock worth $346,000 after acquiring an additional 10,757 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

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.