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 report sent to investors on Thursday morning,Benzinga reports. The firm currently has a $14.00 target price on the technology company's stock.

Separately, Benchmark increased their price objective on Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th.

Cantaloupe Stock Up 4.0 %

Shares of CTLP traded up $0.30 during midday trading on Thursday, reaching $7.87. The stock had a trading volume of 1,077,442 shares, compared to its average volume of 380,704. 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's fifty day simple moving average is $8.99 and its two-hundred day simple moving average is $8.81. The company has a market cap of $574.79 million, a price-to-earnings ratio of 39.35 and a beta of 1.64. Cantaloupe has a 1-year low of $5.75 and a 1-year high of $11.36.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same quarter in the prior year, the firm posted $0.04 EPS. Equities research analysts expect that Cantaloupe will post 0.32 earnings per share for the current year.

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Institutional Investors Weigh In On Cantaloupe

A number of institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its stake in shares of Cantaloupe by 600.1% during the 4th quarter. Janus Henderson Group PLC now owns 1,085,046 shares of the technology company's stock worth $10,303,000 after purchasing an additional 930,061 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Cantaloupe by 102.7% in the 4th quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company's stock worth $8,561,000 after buying an additional 456,199 shares in the last quarter. Invesco Ltd. grew its stake in Cantaloupe by 1,768.2% in the 4th quarter. Invesco Ltd. now owns 397,299 shares of the technology company's stock valued at $3,778,000 after acquiring an additional 376,033 shares during the last quarter. Royce & Associates LP grew its stake in Cantaloupe by 99.6% in the 4th quarter. Royce & Associates LP now owns 563,000 shares of the technology company's stock valued at $5,354,000 after acquiring an additional 281,000 shares during the last quarter. Finally, Wasatch Advisors LP increased its holdings in Cantaloupe by 20.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company's stock valued at $11,937,000 after acquiring an additional 271,782 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

About Cantaloupe

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.