Cantaloupe (NASDAQ:CTLP) Earns Outperform Rating from Barrington Research

Cantaloupe (NASDAQ:CTLP)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a research note issued to investors on Thursday,Benzinga reports. They currently have a $14.00 target price on the technology company’s stock. Barrington Research’s target price would indicate a potential upside of 84.94% from the stock’s previous close.

Separately, Benchmark lifted their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th.

Cantaloupe Stock Performance

Cantaloupe stock opened at $7.57 on Thursday. The firm has a market capitalization of $552.87 million, a P/E ratio of 37.85 and a beta of 1.64. The stock has a fifty day moving average price of $8.99 and a two-hundred day moving average price of $8.78. Cantaloupe has a 52-week low of $5.75 and a 52-week high of $11.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12.

Cantaloupe (NASDAQ:CTLP) last posted its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same period last year, the business posted $0.04 EPS. As a group, analysts anticipate that Cantaloupe will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Cantaloupe

A number of hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Cantaloupe during the third quarter worth approximately $26,000. Harvest Fund Management Co. Ltd bought a new position in Cantaloupe in the 4th quarter worth approximately $40,000. Parkside Financial Bank & Trust acquired a new position in Cantaloupe during the 4th quarter worth $47,000. New York State Common Retirement Fund boosted its position in Cantaloupe by 75.8% in the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after buying an additional 3,400 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Cantaloupe in the 4th quarter valued at $77,000. Institutional investors 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.