Cantaloupe (NASDAQ:CTLP) Receives Outperform Rating from Barrington Research

Cantaloupe (NASDAQ:CTLP - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Barrington Research in a research note issued on Wednesday,Benzinga reports. They currently have a $14.00 price objective on the technology company's stock. Barrington Research's price objective would indicate a potential upside of 65.39% from the stock's current price.

Separately, Benchmark lifted their price target on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th.

Cantaloupe Stock Down 0.2%

Shares of NASDAQ:CTLP opened at $8.47 on Wednesday. Cantaloupe has a 12-month low of $5.82 and a 12-month high of $11.36. The stock has a market capitalization of $618.44 million, a price-to-earnings ratio of 42.15 and a beta of 1.08. The stock has a fifty day simple moving average of $7.83 and a two-hundred day simple moving average of $8.74. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. The firm had revenue of $75.43 million for the quarter, compared to the consensus estimate of $79.83 million. On average, research analysts anticipate that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cantaloupe

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTLP. Vanguard Group Inc. lifted its stake in shares of Cantaloupe by 0.4% during the first quarter. Vanguard Group Inc. now owns 3,553,862 shares of the technology company's stock worth $27,969,000 after buying an additional 14,747 shares during the period. Deutsche Bank AG lifted its stake in Cantaloupe by 0.7% during the 4th quarter. Deutsche Bank AG now owns 2,966,050 shares of the technology company's stock valued at $28,207,000 after acquiring an additional 20,314 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Cantaloupe by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,231,728 shares of the technology company's stock worth $11,714,000 after acquiring an additional 68,546 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Cantaloupe by 600.1% during the fourth quarter. Janus Henderson Group PLC now owns 1,085,046 shares of the technology company's stock worth $10,303,000 after purchasing an additional 930,061 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Cantaloupe by 102.7% during the fourth quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company's stock valued at $8,561,000 after purchasing an additional 456,199 shares during the period. 75.75% of the stock is currently 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.

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