Barrington Research Issues Positive Forecast for Cantaloupe (NASDAQ:CTLP) Stock Price

Cantaloupe (NASDAQ:CTLP) had its target price hoisted by Barrington Research from $12.00 to $14.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the company. 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. 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 note on Monday, November 11th.

Cantaloupe Stock Up 2.0 %

Shares of Cantaloupe stock opened at $10.74 on Wednesday. The firm has a market cap of $783.91 million, a PE ratio of 53.70 and a beta of 1.64. The business’s 50 day simple moving average is $9.03 and its 200 day simple moving average is $8.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. Cantaloupe has a 52-week low of $5.74 and a 52-week high of $10.78.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.45%. During the same period last year, the company posted $0.04 EPS. On average, analysts predict that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cantaloupe

Several large investors have recently modified their holdings of CTLP. Quarry LP bought a new stake in shares of Cantaloupe during the third quarter worth approximately $26,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Cantaloupe during the fourth quarter worth $40,000. Parkside Financial Bank & Trust bought a new stake in shares of Cantaloupe in the fourth quarter valued at about $47,000. New York State Common Retirement Fund grew its stake in shares of Cantaloupe by 75.8% in 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 acquiring an additional 3,400 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Cantaloupe during the fourth quarter worth about $91,000. 75.75% of the stock is owned by institutional investors.

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.