Cantaloupe (NASDAQ:CTLP) Hits New 1-Year High – What’s Next?

Cantaloupe, Inc. (NASDAQ:CTLPGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $9.72 and last traded at $9.72, with a volume of 198584 shares traded. The stock had previously closed at $9.23.

Analyst Ratings Changes

A number of research firms have recently weighed in on CTLP. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research note on Monday, November 4th. Benchmark upped their price objective on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Craig Hallum dropped their price objective on Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Northland Securities upped their price objective on Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th.

Check Out Our Latest Research Report on Cantaloupe

Cantaloupe Stock Performance

The company has a market capitalization of $694.86 million, a P/E ratio of 54.30 and a beta of 1.66. The business has a 50 day moving average of $8.95 and a 200 day moving average of $7.60. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19.

Cantaloupe (NASDAQ:CTLPGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. During the same period last year, the company earned $0.02 EPS. On average, sell-side analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other Cantaloupe news, Director Douglas Bergeron acquired 13,866 shares of the stock in a transaction dated Thursday, September 26th. The stock was purchased at an average price of $7.15 per share, with a total value of $99,141.90. Following the transaction, the director now directly owns 192,185 shares of the company’s stock, valued at $1,374,122.75. This trade represents a 7.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ravi Venkatesan purchased 8,000 shares of the 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 $860,945.40. This trade represents a 6.22 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 57,866 shares of company stock worth $416,302 in the last ninety days. 6.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cantaloupe

Large investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in Cantaloupe during the 3rd quarter worth approximately $26,000. Assenagon Asset Management S.A. acquired a new position in shares of Cantaloupe during the 2nd quarter worth approximately $89,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Cantaloupe by 23.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock worth $111,000 after purchasing an additional 3,197 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Cantaloupe by 34.0% during the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,975 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Cantaloupe during the 3rd quarter worth approximately $119,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Cantaloupe Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Cantaloupe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cantaloupe and related companies with MarketBeat.com's FREE daily email newsletter.