Cantaloupe (NASDAQ:CTLP) Stock Price Up 4.2% - Time to Buy?

Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) traded up 4.2% during mid-day trading on Monday . The company traded as high as $7.88 and last traded at $7.89. 199,155 shares were traded during trading, a decline of 47% from the average session volume of 377,269 shares. The stock had previously closed at $7.57.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $14.00 target price on shares of Cantaloupe in a report on Thursday, March 27th. Benchmark boosted their price target on shares of Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th.

Cantaloupe Trading Down 2.1 %

The business has a 50 day simple moving average of $8.95 and a 200 day simple moving average of $8.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12. The company has a market cap of $545.57 million, a price-to-earnings ratio of 37.35 and a beta of 1.45.

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

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Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CTLP. Quarry LP acquired a new stake in shares of Cantaloupe in the 3rd quarter valued at $26,000. Harvest Fund Management Co. Ltd acquired a new stake in Cantaloupe in the fourth quarter worth about $40,000. Parkside Financial Bank & Trust bought a new stake in Cantaloupe during the 4th quarter worth about $47,000. New York State Common Retirement Fund lifted its position in Cantaloupe by 75.8% during the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock valued at $75,000 after purchasing an additional 3,400 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of Cantaloupe in the 4th quarter valued at about $77,000. Institutional investors 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.