Cantaloupe (NASDAQ:CTLP) Stock Price Expected to Rise, Benchmark Analyst Says

Cantaloupe (NASDAQ:CTLP - Free Report) had its target price lifted by Benchmark from $11.00 to $13.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the technology company's stock.

CTLP has been the subject of several other reports. Northland Securities increased their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Barrington Research raised their price target on shares of Cantaloupe from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th.

Cantaloupe Trading Down 2.3 %

NASDAQ CTLP traded down $0.23 on Wednesday, hitting $9.82. The company's stock had a trading volume of 624,026 shares, compared to its average volume of 357,754. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. Cantaloupe has a 1-year low of $5.75 and a 1-year high of $11.36. The company's 50-day moving average is $9.30 and its 200 day moving average is $8.58. The firm has a market cap of $717.20 million, a PE ratio of 49.10 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same quarter in the previous year, the firm earned $0.04 earnings per share. As a group, analysts predict that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On Cantaloupe

A number of large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new position in shares of Cantaloupe in the third quarter valued at $153,000. Intech Investment Management LLC bought a new position in shares of Cantaloupe during the third quarter valued at about $119,000. Charles Schwab Investment Management Inc. lifted its position in shares of Cantaloupe by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company's stock valued at $3,518,000 after purchasing an additional 21,938 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Cantaloupe by 34.0% during the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company's stock valued at $116,000 after purchasing an additional 3,975 shares in the last quarter. Finally, Wasatch Advisors LP lifted its position in shares of Cantaloupe by 20.3% during the third quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company's stock valued at $11,937,000 after purchasing an additional 271,782 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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.