Cantaloupe's (CTLP) "Underperform" Rating Reaffirmed at Barrington Research

Cantaloupe (NASDAQ:CTLP - Get Free Report)'s stock had its "underperform" rating restated by equities research analysts at Barrington Research in a research note issued on Monday,Benzinga reports.

Several other research analysts have also commented on CTLP. William Blair lowered shares of Cantaloupe from an "outperform" rating to a "market perform" rating in a research note on Monday. Benchmark increased their price objective on Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Wall Street Zen cut Cantaloupe from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.50.

Cantaloupe Stock Up 15.4%

Shares of NASDAQ:CTLP traded up $1.47 on Monday, reaching $10.97. The company had a trading volume of 23,019,019 shares, compared to its average volume of 550,266. The firm has a market capitalization of $801.08 million, a PE ratio of 54.83 and a beta of 1.09. 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 has a 52-week low of $5.82 and a 52-week high of $11.36. The firm's 50 day simple moving average is $8.25 and its 200-day simple moving average is $8.71.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $75.43 million during the quarter, compared to analysts' expectations of $79.83 million. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. As a group, analysts expect that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cantaloupe

Large investors have recently made changes to their positions in the stock. ProShare Advisors LLC grew its stake in Cantaloupe by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 16,449 shares of the technology company's stock valued at $156,000 after purchasing an additional 5,412 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Cantaloupe by 18.8% during the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company's stock worth $906,000 after purchasing an additional 15,100 shares during the period. Ameriprise Financial Inc. boosted its position in Cantaloupe by 8.2% in the fourth quarter. Ameriprise Financial Inc. now owns 93,280 shares of the technology company's stock valued at $887,000 after buying an additional 7,083 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Cantaloupe in the fourth quarter valued at approximately $821,000. Finally, Nuveen Asset Management LLC increased its holdings in Cantaloupe by 102.7% in the 4th quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company's stock worth $8,561,000 after buying an additional 456,199 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

About Cantaloupe

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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