Cantaloupe (NASDAQ:CTLP) Price Target Raised to $14.00 at Barrington Research

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

A number of other brokerages have also commented on CTLP. Benchmark lifted their price objective on Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Northland Securities boosted their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th.

Cantaloupe Trading Up 2.0 %

CTLP opened at $10.74 on Wednesday. Cantaloupe has a 1-year low of $5.74 and a 1-year high of $10.78. The stock has a market capitalization of $783.91 million, a PE ratio of 53.70 and a beta of 1.64. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $9.03 and a two-hundred day moving average price of $8.30.

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, beating analysts’ consensus estimates 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 earned $0.04 earnings per share. As a group, equities analysts anticipate that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cantaloupe

Several hedge funds have recently bought and sold shares of the company. Samjo Management LLC increased its position in shares of Cantaloupe by 1.2% in the 4th quarter. Samjo Management LLC now owns 798,450 shares of the technology company’s stock valued at $7,593,000 after buying an additional 9,600 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in Cantaloupe in the fourth quarter valued at about $119,000. Arrowstreet Capital Limited Partnership acquired a new position in Cantaloupe in the fourth quarter valued at about $2,011,000. JPMorgan Chase & Co. increased its holdings in shares of Cantaloupe by 220.5% in the fourth quarter. JPMorgan Chase & Co. now owns 356,973 shares of the technology company’s stock worth $3,395,000 after acquiring an additional 245,579 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Cantaloupe by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company’s stock worth $33,657,000 after purchasing an additional 212,456 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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.