Cantaloupe’s (CTLP) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of Cantaloupe (NASDAQ:CTLP) in a research report report published on Monday, Benzinga reports. They currently have a $10.00 price target on the technology company’s stock.

Separately, Barrington Research reiterated an outperform rating and issued a $10.00 price objective on shares of Cantaloupe in a research report on Wednesday, February 14th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Cantaloupe has a consensus rating of Buy and a consensus target price of $9.70.

Cantaloupe Trading Up 2.5 %

NASDAQ CTLP opened at $6.46 on Monday. The company has a market capitalization of $470.29 million, a PE ratio of 34.00 and a beta of 1.55. The company has a fifty day moving average of $6.52 and a 200 day moving average of $6.73. Cantaloupe has a 1 year low of $5.27 and a 1 year high of $8.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.64 and a quick ratio of 1.20.

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

Insiders Place Their Bets

In related news, CEO Ravi Venkatesan bought 7,749 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $6.45 per share, with a total value of $49,981.05. Following the completion of the purchase, the chief executive officer now directly owns 128,658 shares of the company’s stock, valued at $829,844.10. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total transaction of $570,666.60. Following the completion of the sale, the insider now owns 9,270,694 shares of the company’s stock, valued at $58,405,372.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ravi Venkatesan bought 7,749 shares of the business’s stock in a transaction dated 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 purchase, the chief executive officer now directly owns 128,658 shares of the company’s stock, valued at $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 large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in Cantaloupe by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 435,516 shares of the technology company’s stock valued at $3,227,000 after acquiring an additional 1,769 shares in the last quarter. Rhumbline Advisers grew its stake in Cantaloupe by 2.2% during the 3rd quarter. Rhumbline Advisers now owns 81,384 shares of the technology company’s stock valued at $509,000 after acquiring an additional 1,778 shares in the last quarter. Jane Street Group LLC grew its stake in Cantaloupe by 17.5% during the 2nd quarter. Jane Street Group LLC now owns 16,586 shares of the technology company’s stock valued at $93,000 after acquiring an additional 2,467 shares in the last quarter. Worth Venture Partners LLC grew its stake in Cantaloupe by 18.4% during the 2nd quarter. Worth Venture Partners LLC now owns 15,978 shares of the technology company’s stock valued at $127,000 after acquiring an additional 2,478 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Cantaloupe by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 221,974 shares of the technology company’s stock valued at $1,503,000 after purchasing an additional 2,611 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Company Profile

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.