Cantaloupe’s (CTLP) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a report issued on Monday morning, Benzinga reports. They currently have a $10.00 price objective on the technology company’s stock.

Separately, Benchmark reissued a buy rating and set a $10.00 price target on shares of Cantaloupe in a research report on Monday, March 25th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $9.88.

Cantaloupe Price Performance

Shares of NASDAQ CTLP opened at $5.92 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a market cap of $430.98 million, a price-to-earnings ratio of 31.16 and a beta of 1.51. The company’s 50-day moving average price is $6.26 and its 200 day moving average price is $6.64. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $8.28.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Cantaloupe had a net margin of 5.90% and a return on equity of 8.95%. The business had revenue of $65.36 million for the quarter, compared to analyst estimates of $66.92 million. As a group, research analysts forecast that Cantaloupe will post 0.17 earnings per share for the current fiscal year.

Insider Activity at Cantaloupe

In other news, CEO Ravi Venkatesan bought 7,749 shares of the stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $6.45 per share, with a total value of $49,981.05. Following the purchase, the chief executive officer now owns 128,658 shares of the company’s stock, valued at $829,844.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total value of $570,666.60. Following the completion of the sale, the insider now directly owns 9,270,694 shares in the company, valued at $58,405,372.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ravi Venkatesan purchased 7,749 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $6.45 per share, with a total value of $49,981.05. Following the transaction, the chief executive officer now directly owns 128,658 shares of the company’s stock, valued at approximately $829,844.10. The disclosure for this purchase can be found here. Insiders own 4.30% of the company’s stock.

Institutional Trading of Cantaloupe

Several institutional investors have recently made changes to their positions in CTLP. Deutsche Bank AG boosted its holdings in Cantaloupe by 14.3% in the third quarter. Deutsche Bank AG now owns 2,029,926 shares of the technology company’s stock valued at $12,687,000 after acquiring an additional 254,203 shares during the last quarter. Nierenberg Investment Management Company Inc. raised its holdings in shares of Cantaloupe by 8.6% in the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 2,631,436 shares of the technology company’s stock worth $16,446,000 after purchasing an additional 209,078 shares during the period. Algert Global LLC lifted its stake in shares of Cantaloupe by 453.9% in the 3rd quarter. Algert Global LLC now owns 208,140 shares of the technology company’s stock valued at $1,301,000 after purchasing an additional 170,560 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in shares of Cantaloupe during the 1st quarter worth about $1,093,000. Finally, Swiss National Bank acquired a new stake in Cantaloupe during the 3rd quarter worth approximately $797,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.