Cantaloupe (NASDAQ:CTLP) Shares Up 4.2% – What’s Next?

Cantaloupe, Inc. (NASDAQ:CTLP) shot up 4.2% on Monday . The stock traded as high as $7.88 and last traded at $7.89. 199,155 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 377,269 shares. The stock had previously closed at $7.57.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CTLP. Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of Cantaloupe in a research note on Thursday, March 27th. Benchmark lifted their price objective on shares of Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th.

Cantaloupe Stock Up 3.5 %

The firm has a market cap of $584.28 million, a price-to-earnings ratio of 40.00 and a beta of 1.64. The stock’s 50 day moving average is $8.97 and its 200 day moving average is $8.84. 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 (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same quarter in the previous year, the firm posted $0.04 EPS. Analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Cantaloupe

A number of institutional investors and hedge funds have recently bought and sold shares of CTLP. Barclays PLC raised its holdings in shares of Cantaloupe by 272.2% in the 3rd quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock worth $843,000 after purchasing an additional 83,316 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Cantaloupe by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after buying an additional 21,938 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Cantaloupe by 340.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock valued at $824,000 after acquiring an additional 86,109 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Cantaloupe by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock worth $10,111,000 after acquiring an additional 46,518 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Cantaloupe by 2.4% in the 3rd quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock worth $9,160,000 after acquiring an additional 29,460 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

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.