Cantaloupe (NASDAQ:CTLP) Hits New 1-Year High - Still a Buy?

Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $11.36 and last traded at $9.96, with a volume of 1496373 shares traded. The stock had previously closed at $10.35.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CTLP shares. Northland Securities lifted their price objective on Cantaloupe from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Barrington Research raised their price target on Cantaloupe from $12.00 to $14.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Finally, Benchmark increased their price objective on shares of Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday.

Cantaloupe Stock Performance

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 stock has a fifty day moving average price of $9.29 and a two-hundred day moving average price of $8.56. The company has a market capitalization of $710.70 million, a price-to-earnings ratio of 48.74 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last announced its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, beating 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 period in the prior year, the business posted $0.04 earnings per share. As a group, analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Remove Ads

Institutional Trading of Cantaloupe

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cantaloupe by 3.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 88,719 shares of the technology company's stock valued at $844,000 after acquiring an additional 2,792 shares during the last quarter. Rhumbline Advisers increased its stake in Cantaloupe by 4.1% in the fourth quarter. Rhumbline Advisers now owns 80,973 shares of the technology company's stock valued at $770,000 after purchasing an additional 3,221 shares during the last quarter. New York State Common Retirement Fund lifted its position in Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock worth $75,000 after buying an additional 3,400 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Cantaloupe by 18.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,283 shares of the technology company's stock worth $212,000 after buying an additional 3,462 shares during the period. Finally, Quarry LP acquired a new stake in Cantaloupe in the 3rd quarter worth about $26,000. Institutional investors and hedge funds own 75.75% of the company's stock.

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.