Cantaloupe (NASDAQ:CTLP) Given “Underperform” Rating at Barrington Research

Barrington Research reiterated their underperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a research report sent to investors on Monday,Benzinga reports.

A number of other analysts have also weighed in on the stock. William Blair lowered shares of Cantaloupe from an “outperform” rating to a “market perform” rating in a report on Monday. Wall Street Zen lowered shares of Cantaloupe from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. Finally, Benchmark increased their price target on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cantaloupe has an average rating of “Moderate Buy” and an average target price of $12.50.

Cantaloupe Stock Up 15.7%

CTLP opened at $10.99 on Monday. The stock has a market cap of $802.91 million, a PE ratio of 54.95 and a beta of 1.09. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. Cantaloupe has a 52 week low of $5.82 and a 52 week high of $11.36. The business’s fifty day simple moving average is $8.32 and its 200 day simple moving average is $8.72.

Cantaloupe (NASDAQ:CTLP) last released its earnings results on Thursday, May 8th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. The firm had revenue of $75.43 million during the quarter, compared to the consensus estimate of $79.83 million. As a group, research analysts expect that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cantaloupe

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Cantaloupe by 0.4% during the first quarter. Vanguard Group Inc. now owns 3,553,862 shares of the technology company’s stock valued at $27,969,000 after purchasing an additional 14,747 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Cantaloupe by 0.7% during the fourth quarter. Deutsche Bank AG now owns 2,966,050 shares of the technology company’s stock valued at $28,207,000 after purchasing an additional 20,314 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Cantaloupe by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,231,728 shares of the technology company’s stock valued at $11,714,000 after acquiring an additional 68,546 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Cantaloupe by 600.1% during the fourth quarter. Janus Henderson Group PLC now owns 1,085,046 shares of the technology company’s stock valued at $10,303,000 after acquiring an additional 930,061 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Cantaloupe by 102.7% during the fourth quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company’s stock valued at $8,561,000 after acquiring an additional 456,199 shares in the last quarter. 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 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.