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

Cantaloupe (NASDAQ:CTLP - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Barrington Research in a research report issued on Wednesday,Benzinga reports. They currently have a $14.00 target price on the technology company's stock. Barrington Research's price target suggests a potential upside of 65.29% from the company's current price.

Separately, Benchmark raised their price target on shares of Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $12.50.

Cantaloupe Stock Performance

Cantaloupe stock traded down $0.32 on Wednesday, hitting $8.47. The company's stock had a trading volume of 632,066 shares, compared to its average volume of 415,321. Cantaloupe has a one year low of $5.82 and a one year high of $11.36. The firm has a market cap of $618.80 million, a P/E ratio of 42.35 and a beta of 1.08. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average price of $7.88 and a 200-day moving average price of $8.72.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted its earnings results 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 business had revenue of $75.43 million during the quarter, compared to the consensus estimate of $79.83 million. On average, equities analysts anticipate that Cantaloupe will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTLP. Farther Finance Advisors LLC increased its holdings in Cantaloupe by 8,886.0% during the 1st quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company's stock worth $35,000 after purchasing an additional 4,443 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Cantaloupe during the fourth quarter worth $40,000. Parkside Financial Bank & Trust bought a new position in shares of Cantaloupe in the 4th quarter valued at about $47,000. New York State Common Retirement Fund increased its stake in shares of Cantaloupe by 75.8% during the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock worth $75,000 after purchasing an additional 3,400 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Cantaloupe in the 4th quarter valued at about $77,000. 75.75% of the stock is currently owned by 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.