Cantaloupe's (CTLP) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reiterated their outperform rating on shares of Cantaloupe (NASDAQ:CTLP - Free Report) in a research report released on Monday, Benzinga reports. The brokerage currently has a $10.00 price target on the technology company's stock.

Separately, Benchmark reaffirmed a buy rating and set a $10.00 price target 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, the company has a consensus rating of Buy and an average price target of $9.88.

Cantaloupe Trading Down 0.2 %

Shares of CTLP traded down $0.01 during midday trading on Monday, reaching $5.92. The company had a trading volume of 111,955 shares, compared to its average volume of 296,875. The company has a quick ratio of 1.20, a current ratio of 1.64 and a debt-to-equity ratio of 0.21. The stock has a market cap of $430.98 million, a PE ratio of 31.16 and a beta of 1.51. The firm has a 50 day simple moving average of $6.26 and a 200-day simple moving average of $6.64. Cantaloupe has a 1-year low of $5.74 and a 1-year high of $8.28.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its quarterly 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. The business had revenue of $65.36 million for the quarter, compared to analysts' expectations of $66.92 million. Cantaloupe had a return on equity of 8.95% and a net margin of 5.90%. Research analysts forecast that Cantaloupe will post 0.17 EPS for the current fiscal year.

Insider Transactions at Cantaloupe

In other Cantaloupe news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total transaction of $570,666.60. Following the completion of the sale, the insider now owns 9,270,694 shares in the company, valued at $58,405,372.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were 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 owns 9,270,694 shares of the company's stock, valued at $58,405,372.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ravi Venkatesan acquired 7,749 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $6.45 per share, for a total transaction of $49,981.05. Following the completion of the transaction, the chief executive officer now owns 128,658 shares in the company, valued at $829,844.10. The disclosure for this purchase can be found here. Insiders own 4.30% of the company's stock.

Institutional Trading of Cantaloupe

A number of hedge funds and other institutional investors have recently modified their holdings of CTLP. Deutsche Bank AG boosted its position in shares of Cantaloupe by 14.3% during the 3rd quarter. Deutsche Bank AG now owns 2,029,926 shares of the technology company's stock valued at $12,687,000 after purchasing an additional 254,203 shares in the last quarter. Nierenberg Investment Management Company Inc. increased its holdings in Cantaloupe by 8.6% in 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 buying an additional 209,078 shares during the last quarter. Algert Global LLC raised its position in Cantaloupe by 453.9% during the third quarter. Algert Global LLC now owns 208,140 shares of the technology company's stock valued at $1,301,000 after acquiring an additional 170,560 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in Cantaloupe in the first quarter valued at approximately $1,093,000. Finally, Swiss National Bank bought a new position in shares of Cantaloupe during the 3rd quarter valued at $797,000. Institutional investors own 75.75% of the company's stock.

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.