Cantaloupe (NASDAQ:CTLP) Given New $11.00 Price Target at Benchmark

Cantaloupe (NASDAQ:CTLP) had its price target increased by Benchmark from $10.00 to $11.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

CTLP has been the topic of several other research reports. Northland Securities reissued an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research note on Friday, July 12th. Barrington Research reaffirmed an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a research report on Monday, November 4th. Finally, Craig Hallum cut their price target on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th.

Cantaloupe Trading Down 4.8 %

Shares of Cantaloupe stock traded down $0.45 during trading on Friday, hitting $8.87. The company’s stock had a trading volume of 829,706 shares, compared to its average volume of 337,139. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.10. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $9.67. The stock has a market cap of $647.42 million, a price-to-earnings ratio of 59.14 and a beta of 1.68. The stock has a 50-day moving average price of $7.93 and a two-hundred day moving average price of $7.16.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Tuesday, September 10th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Cantaloupe had a return on equity of 6.83% and a net margin of 4.47%. The business had revenue of $72.66 million during the quarter, compared to the consensus estimate of $76.14 million. During the same period in the prior year, the firm earned $0.04 EPS. Equities research analysts anticipate that Cantaloupe will post 0.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ravi Venkatesan acquired 8,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $6.30 per share, for a total transaction of $50,400.00. Following the completion of the acquisition, the chief executive officer now owns 136,658 shares of the company’s stock, valued at approximately $860,945.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cantaloupe news, Director Douglas Bergeron bought 13,866 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average price of $7.15 per share, for a total transaction of $99,141.90. Following the acquisition, the director now directly owns 192,185 shares of the company’s stock, valued at approximately $1,374,122.75. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ravi Venkatesan bought 8,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average price of $6.30 per share, for a total transaction of $50,400.00. Following the acquisition, the chief executive officer now directly owns 136,658 shares in the company, valued at $860,945.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 57,866 shares of company stock worth $416,302. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Cantaloupe

Institutional investors and hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC bought a new stake in Cantaloupe in the 2nd quarter worth about $2,276,000. Archon Capital Management LLC grew its position in Cantaloupe by 8.2% in the 1st quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company’s stock worth $9,221,000 after purchasing an additional 108,423 shares in the last quarter. Janus Henderson Group PLC grew its position in Cantaloupe by 152.7% in the 1st quarter. Janus Henderson Group PLC now owns 99,321 shares of the technology company’s stock worth $638,000 after purchasing an additional 60,013 shares in the last quarter. Inspire Investing LLC bought a new stake in Cantaloupe in the 3rd quarter worth about $416,000. Finally, Harbor Capital Advisors Inc. grew its position in Cantaloupe by 143.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 82,124 shares of the technology company’s stock worth $542,000 after purchasing an additional 48,356 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

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.