Cantaloupe (NASDAQ:CTLP) Price Target Raised to $12.00

Cantaloupe (NASDAQ:CTLP) had its price target lifted by Northland Securities from $10.00 to $12.00 in a report released on Monday,Benzinga reports. Northland Securities currently has an outperform rating on the technology company’s stock.

Other research analysts also recently issued reports about the company. Barrington Research restated an “outperform” rating and set a $10.00 target price on shares of Cantaloupe in a research note on Monday, November 4th. Craig Hallum dropped their price target on Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Finally, Benchmark increased their price objective on shares of Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

Cantaloupe Stock Performance

CTLP stock opened at $9.19 on Monday. Cantaloupe has a one year low of $5.74 and a one year high of $9.67. The firm has a market cap of $670.74 million, a price-to-earnings ratio of 54.06 and a beta of 1.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The firm has a 50-day simple moving average of $8.03 and a two-hundred day simple moving average of $7.22.

Cantaloupe (NASDAQ:CTLP) last posted its earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. The company had revenue of $70.84 million during the quarter, compared to analysts’ expectations of $70.54 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. On average, equities analysts forecast that Cantaloupe will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Cantaloupe

In other news, CEO Ravi Venkatesan acquired 8,000 shares of Cantaloupe stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $6.30 per share, for a total transaction of $50,400.00. Following the completion of the purchase, the chief executive officer now directly owns 136,658 shares in the company, valued at $860,945.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Cantaloupe news, CEO Ravi Venkatesan acquired 8,000 shares of the business’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 purchase, the chief executive officer now directly owns 136,658 shares of the company’s stock, valued at $860,945.40. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas Bergeron bought 36,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average price of $7.41 per share, with a total value of $266,760.00. Following the completion of the transaction, the director now directly owns 462,319 shares of the company’s stock, valued at $3,425,783.79. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 57,866 shares of company stock worth $416,302. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Cantaloupe

Hedge funds have recently modified their holdings of the stock. First Eagle Investment Management LLC purchased a new position in Cantaloupe during the second quarter valued at approximately $2,276,000. Archon Capital Management LLC increased its holdings in shares of Cantaloupe by 8.2% during the 1st quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company’s stock valued at $9,221,000 after purchasing an additional 108,423 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Cantaloupe by 152.7% in the 1st quarter. Janus Henderson Group PLC now owns 99,321 shares of the technology company’s stock valued at $638,000 after purchasing an additional 60,013 shares during the period. Inspire Investing LLC purchased a new stake in Cantaloupe during the third quarter worth $416,000. Finally, Harbor Capital Advisors Inc. grew its position in Cantaloupe by 143.2% during the second quarter. Harbor Capital Advisors Inc. now owns 82,124 shares of the technology company’s stock valued at $542,000 after buying an additional 48,356 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

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.