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

Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $8.36 and last traded at $8.36, with a volume of 82701 shares changing hands. The stock had previously closed at $8.03.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barrington Research reiterated an "outperform" rating and set a $10.00 price target on shares of Cantaloupe in a research report on Friday, September 13th. Benchmark reiterated a "buy" rating and set a $10.00 price target on shares of Cantaloupe in a research report on Wednesday, September 11th. Northland Securities reiterated an "outperform" rating and set a $10.00 price target on shares of Cantaloupe in a research report on Friday, July 12th. Finally, Craig Hallum decreased their price target on Cantaloupe from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th.

Cantaloupe Stock Performance

The company has a quick ratio of 1.10, a current ratio of 1.49 and a debt-to-equity ratio of 0.20. The company's 50-day moving average is $6.94 and its two-hundred day moving average is $6.72. The company has a market capitalization of $655.29 million, a P/E ratio of 53.94 and a beta of 1.71.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted its quarterly earnings data on Tuesday, September 10th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $72.66 million during the quarter, compared to the consensus estimate of $76.14 million. Cantaloupe had a return on equity of 6.83% and a net margin of 4.47%. During the same quarter last year, the company posted $0.04 earnings per share. Equities analysts anticipate that Cantaloupe, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Douglas Bergeron bought 13,866 shares of the business's stock in a transaction on Thursday, September 26th. The stock was acquired at an average price of $7.15 per share, with a total value of $99,141.90. Following the completion of the purchase, the director now directly owns 192,185 shares in the company, valued at $1,374,122.75. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Ravi Venkatesan bought 8,000 shares of the business's stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $6.30 per share, with a total value of $50,400.00. Following the completion of the purchase, the chief executive officer now directly owns 136,658 shares in the company, valued at $860,945.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Douglas Bergeron bought 13,866 shares of the business's stock in a transaction on Thursday, September 26th. The stock was purchased at an average cost of $7.15 per share, with a total value of $99,141.90. Following the purchase, the director now owns 192,185 shares of the company's stock, valued at $1,374,122.75. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 57,866 shares of company stock worth $416,302. Insiders own 4.30% of the company's stock.

Institutional Trading of Cantaloupe

Institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. purchased a new stake in shares of Cantaloupe during the second quarter valued at approximately $89,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Cantaloupe by 23.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company's stock valued at $111,000 after purchasing an additional 3,197 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Cantaloupe during the third quarter valued at approximately $164,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cantaloupe by 68.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company's stock valued at $152,000 after purchasing an additional 9,374 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Cantaloupe by 15.4% during the second 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. 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.