Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $9.95 and last traded at $9.95, with a volume of 207461 shares changing hands. The stock had previously closed at $9.25.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Benchmark increased their price objective on Cantaloupe from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Craig Hallum lowered their price objective on Cantaloupe from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Northland Securities increased their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Finally, Barrington Research reissued an "outperform" rating and issued a $10.00 price target on shares of Cantaloupe in a research note on Monday, November 4th.
View Our Latest Stock Analysis on Cantaloupe
Cantaloupe Stock Performance
The company has a market capitalization of $746.69 million, a PE ratio of 59.47 and a beta of 1.66. The firm's fifty day simple moving average is $9.07 and its 200 day simple moving average is $7.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03.
Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.04. The business had revenue of $70.84 million during the quarter, compared to the consensus estimate of $70.54 million. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. During the same period last year, the company earned $0.02 EPS. On average, research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current year.
Insider Buying and Selling
In related news, Director Douglas Bergeron acquired 36,000 shares of the business's stock in a transaction dated Monday, September 30th. The shares were acquired at an average cost of $7.41 per share, for a total transaction of $266,760.00. Following the acquisition, the director now directly owns 462,319 shares in the company, valued at approximately $3,425,783.79. The trade was a 8.44 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Cantaloupe
Hedge funds and other institutional investors have recently bought and sold shares of the business. ClariVest Asset Management LLC grew its holdings in shares of Cantaloupe by 2.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company's stock valued at $742,000 after acquiring an additional 3,011 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Cantaloupe by 23.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company's stock valued at $111,000 after buying an additional 3,197 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Cantaloupe by 15.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company's stock valued at $159,000 after purchasing an additional 3,210 shares during the period. Quarry LP acquired a new stake in Cantaloupe during the 3rd quarter worth $26,000. Finally, Susquehanna Fundamental Investments LLC lifted its stake in Cantaloupe by 7.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,023 shares of the technology company's stock valued at $357,000 after acquiring an additional 3,690 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.
About Cantaloupe
(
Get Free Report)
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.
See Also
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