Cantaloupe’s (CTLP) Outperform Rating Reiterated at Barrington Research

Cantaloupe (NASDAQ:CTLP)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a report released on Monday, Benzinga reports. They currently have a $10.00 price target on the technology company’s stock. Barrington Research’s price objective indicates a potential upside of 9.41% from the company’s current price.

CTLP has been the topic of several other reports. Benchmark restated a “buy” rating and set a $10.00 price target on shares of Cantaloupe in a report on Wednesday, September 11th. Craig Hallum lowered 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. Finally, Northland Securities restated an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a report on Friday, July 12th.

Cantaloupe Trading Up 1.7 %

NASDAQ CTLP traded up $0.15 on Monday, hitting $9.14. 87,275 shares of the stock were exchanged, compared to its average volume of 328,874. Cantaloupe has a 52-week low of $5.74 and a 52-week high of $9.40. 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 company has a market capitalization of $667.13 million, a price-to-earnings ratio of 60.60 and a beta of 1.68. The company’s 50-day moving average price is $7.70 and its two-hundred day moving average price is $7.07.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Tuesday, September 10th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). Cantaloupe had a net margin of 4.47% and a return on equity of 6.83%. The company had revenue of $72.66 million for the quarter, compared to analysts’ expectations of $76.14 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Research analysts predict that Cantaloupe will post 0.31 EPS for the current year.

Insider Activity at Cantaloupe

In other news, Director Douglas Bergeron bought 36,000 shares of the business’s stock in a transaction on Monday, September 30th. The stock was purchased at an average price of $7.41 per share, with a total value of $266,760.00. Following the transaction, the director now directly owns 462,319 shares in the company, valued at approximately $3,425,783.79. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Douglas Bergeron bought 36,000 shares of the business’s stock in a transaction on Monday, September 30th. The stock was purchased at an average price of $7.41 per share, with a total value of $266,760.00. Following the transaction, the director now directly owns 462,319 shares in the company, valued at approximately $3,425,783.79. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ravi Venkatesan bought 8,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $6.30 per share, with a total value of $50,400.00. Following the transaction, the chief executive officer now owns 136,658 shares in the company, valued at approximately $860,945.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 57,866 shares of company stock valued at $416,302. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CTLP. First Eagle Investment Management LLC acquired a new position in shares of Cantaloupe during the second quarter valued at about $2,276,000. Archon Capital Management LLC raised its position 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 valued at $9,221,000 after buying an additional 108,423 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Cantaloupe by 152.7% during 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 acquired a new position in shares of Cantaloupe during the third quarter valued at about $416,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Cantaloupe by 143.2% during the second quarter. Harbor Capital Advisors Inc. now owns 82,124 shares of the technology company’s stock valued at $542,000 after buying an additional 48,356 shares during the last quarter. Institutional investors and hedge funds 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.