Cantaloupe (NASDAQ:CTLP) Sets New 52-Week High – Still a Buy?

Cantaloupe, Inc. (NASDAQ:CTLP) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.54 and last traded at $10.53, with a volume of 1247242 shares changing hands. The stock had previously closed at $9.93.

Wall Street Analyst Weigh In

Several research firms have recently commented on CTLP. Northland Securities increased their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Barrington Research reissued an “outperform” rating and issued a $12.00 price target on shares of Cantaloupe in a report on Monday, February 3rd. Finally, Benchmark boosted their price target on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Cantaloupe Stock Up 6.0 %

The firm has a market cap of $768.58 million, a PE ratio of 52.65 and a beta of 1.64. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $9.00 and its 200-day moving average is $8.28.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Cantaloupe had a return on equity of 8.45% and a net margin of 5.40%. During the same quarter in the previous year, the business earned $0.04 EPS. As a group, equities research analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC grew its holdings in Cantaloupe by 272.2% in the third quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock valued at $843,000 after purchasing an additional 83,316 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cantaloupe by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after purchasing an additional 21,938 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cantaloupe by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock valued at $10,111,000 after buying an additional 46,518 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Cantaloupe by 340.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock worth $824,000 after buying an additional 86,109 shares during the last quarter. Finally, State Street Corp raised its position in shares of Cantaloupe by 2.4% in the 3rd quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock worth $9,160,000 after buying an additional 29,460 shares during the period. 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.