Cantaloupe (NASDAQ:CTLP) Given New $13.00 Price Target at Benchmark

Cantaloupe (NASDAQ:CTLP) had its price target lifted by Benchmark from $11.00 to $13.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

CTLP has been the topic of a number of other research reports. Northland Securities boosted their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Barrington Research boosted their target price on shares of Cantaloupe from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th.

Cantaloupe Stock Performance

Shares of NASDAQ CTLP opened at $10.42 on Wednesday. The stock’s fifty day simple moving average is $9.28 and its 200 day simple moving average is $8.55. The stock has a market capitalization of $761.02 million, a price-to-earnings ratio of 52.10 and a beta of 1.64. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. Cantaloupe has a 52-week low of $5.75 and a 52-week high of $11.36.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same period in the previous year, the company posted $0.04 EPS. As a group, sell-side analysts forecast that Cantaloupe 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 added to or reduced their stakes in CTLP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cantaloupe by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 88,719 shares of the technology company’s stock valued at $844,000 after buying an additional 2,792 shares during the period. Rhumbline Advisers boosted its position in Cantaloupe by 4.1% during the fourth quarter. Rhumbline Advisers now owns 80,973 shares of the technology company’s stock valued at $770,000 after purchasing an additional 3,221 shares during the last quarter. New York State Common Retirement Fund boosted its position in Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after purchasing an additional 3,400 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Cantaloupe by 18.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,283 shares of the technology company’s stock valued at $212,000 after purchasing an additional 3,462 shares in the last quarter. Finally, Quarry LP acquired a new position in Cantaloupe in the 3rd quarter worth about $26,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Company Profile

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.