Cantaloupe (NASDAQ:CTLP) Price Target Raised to $12.00 at Northland Securities

Cantaloupe (NASDAQ:CTLP - Free Report) had its price target boosted by Northland Securities from $10.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an outperform rating on the technology company's stock.

CTLP has been the subject of a number of other research reports. Benchmark raised their target price on Cantaloupe from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Friday. Barrington Research reaffirmed an "outperform" rating and set a $10.00 target price on shares of Cantaloupe in a report on Monday, November 4th. Finally, Craig Hallum cut their price target on shares of Cantaloupe from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th.

Cantaloupe Stock Up 4.1 %

NASDAQ CTLP traded up $0.36 on Monday, hitting $9.23. The stock had a trading volume of 586,639 shares, compared to its average volume of 338,284. Cantaloupe has a 52-week low of $5.74 and a 52-week high of $9.67. The business's fifty day moving average price is $7.93 and its 200 day moving average price is $7.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.10. The stock has a market cap of $673.70 million, a price-to-earnings ratio of 52.94 and a beta of 1.68.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last announced its earnings results on Tuesday, September 10th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $72.66 million for the quarter, compared to analyst estimates of $76.14 million. Cantaloupe had a net margin of 4.90% and a return on equity of 7.62%. During the same period in the prior year, the company earned $0.04 earnings per share. Equities research analysts anticipate that Cantaloupe will post 0.32 earnings per share for the current year.

Insider Activity at Cantaloupe

In other news, CEO Ravi Venkatesan purchased 8,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $6.30 per share, for a total transaction of $50,400.00. Following the completion of the transaction, the chief executive officer now 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other Cantaloupe news, CEO Ravi Venkatesan acquired 8,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $6.30 per share, for a total transaction of $50,400.00. Following the completion of the transaction, the chief executive officer now directly owns 136,658 shares of the company's stock, valued at $860,945.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Bergeron purchased 36,000 shares of the company's stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average cost of $7.41 per share, for a total transaction of $266,760.00. Following the purchase, the director now directly owns 462,319 shares in the company, valued at $3,425,783.79. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 57,866 shares of company stock worth $416,302. 6.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cantaloupe

Several institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC acquired a new stake in shares of Cantaloupe in the second quarter worth approximately $2,276,000. Archon Capital Management LLC grew its holdings in shares of Cantaloupe by 8.2% during the first quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company's stock worth $9,221,000 after buying an additional 108,423 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Cantaloupe by 152.7% in the first quarter. Janus Henderson Group PLC now owns 99,321 shares of the technology company's stock valued at $638,000 after buying an additional 60,013 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Cantaloupe in the third quarter worth about $416,000. Finally, Harbor Capital Advisors Inc. boosted its position in Cantaloupe by 143.2% during the second quarter. Harbor Capital Advisors Inc. now owns 82,124 shares of the technology company's stock worth $542,000 after acquiring an additional 48,356 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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.