Barrington Research Reiterates “Outperform” Rating for Cantaloupe (NASDAQ:CTLP)

Barrington Research reaffirmed their outperform rating on shares of Cantaloupe (NASDAQ:CTLP) in a report released on Friday, Benzinga reports. They currently have a $10.00 price objective on the technology company’s stock.

Separately, Northland Securities reiterated an outperform rating and issued a $10.00 price objective on shares of Cantaloupe in a report on Friday, July 12th.

Cantaloupe Price Performance

Cantaloupe stock opened at $6.39 on Friday. The stock has a 50-day moving average price of $6.91 and a two-hundred day moving average price of $6.61. Cantaloupe has a 12 month low of $5.74 and a 12 month high of $7.91. The company has a market capitalization of $465.26 million, a PE ratio of 39.94 and a beta of 1.70. The company has a current ratio of 1.57, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

Institutional Trading of Cantaloupe

Institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC bought a new stake in shares of Cantaloupe in the 2nd quarter valued at $2,276,000. North Star Investment Management Corp. acquired a new position in shares of Cantaloupe in the 1st quarter valued at about $1,093,000. Archon Capital Management LLC lifted its stake in shares of Cantaloupe by 8.2% in 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 during the period. Advisory Services Network LLC bought a new stake in shares of Cantaloupe during the 4th quarter valued at about $461,000. Finally, Janus Henderson Group PLC grew its stake in Cantaloupe by 152.7% during the first 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 during the period. 75.75% of the stock is currently owned by institutional investors.

About Cantaloupe

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.