Cantaloupe (NASDAQ:CTLP) Earns "Outperform" Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Cantaloupe (NASDAQ:CTLP - Free Report) in a research note released on Monday morning,Benzinga reports. Barrington Research currently has a $12.00 price target on the technology company's stock.

Several other analysts have also weighed in on the stock. Northland Securities lifted their target price 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. Benchmark lifted their target price on shares of Cantaloupe from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Friday, November 8th.

Cantaloupe Stock Performance

NASDAQ CTLP traded up $0.03 during midday trading on Monday, hitting $8.67. The company had a trading volume of 393,608 shares, compared to its average volume of 272,934. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. The stock has a market cap of $632.82 million, a price-to-earnings ratio of 51.00 and a beta of 1.64. The firm has a fifty day simple moving average of $8.94 and a two-hundred day simple moving average of $8.21. Cantaloupe has a fifty-two week low of $5.74 and a fifty-two week high of $10.48.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted 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 4.90% and a return on equity of 7.53%. During the same period last year, the business posted $0.04 EPS. Equities analysts forecast that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Cantaloupe

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Cantaloupe during the fourth quarter worth about $908,000. Charles Schwab Investment Management Inc. grew its stake in Cantaloupe by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 479,346 shares of the technology company's stock worth $4,559,000 after buying an additional 3,888 shares during the last quarter. Parkside Financial Bank & Trust bought a new stake in Cantaloupe during the fourth quarter worth about $47,000. New York State Common Retirement Fund grew its stake 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 last quarter. Finally, Truist Financial Corp bought a new stake in Cantaloupe during the fourth quarter worth about $111,000. 75.75% of the stock is owned by institutional investors.

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.