Cantaloupe, Inc. (NASDAQ:CTLP) Given Average Rating of “Hold” by Analysts

Cantaloupe, Inc. (NASDAQ:CTLP) has been assigned an average rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.60.

Several brokerages have recently commented on CTLP. Weiss Ratings raised Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Wall Street Zen raised Cantaloupe to a “hold” rating in a report on Saturday, February 21st.

Institutional Investors Weigh In On Cantaloupe

Several hedge funds have recently modified their holdings of CTLP. Jane Street Group LLC purchased a new stake in shares of Cantaloupe during the first quarter valued at $731,000. Creative Planning purchased a new stake in shares of Cantaloupe during the second quarter valued at $310,000. JPMorgan Chase & Co. lifted its holdings in shares of Cantaloupe by 69.1% during the second quarter. JPMorgan Chase & Co. now owns 167,611 shares of the technology company’s stock valued at $1,842,000 after purchasing an additional 68,470 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Cantaloupe by 6.7% during the second quarter. Legal & General Group Plc now owns 54,690 shares of the technology company’s stock valued at $601,000 after purchasing an additional 3,435 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Cantaloupe by 21.5% during the second quarter. Prudential Financial Inc. now owns 34,325 shares of the technology company’s stock valued at $377,000 after purchasing an additional 6,085 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Trading Up 0.7%

Shares of Cantaloupe stock opened at $10.87 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The firm has a market cap of $801.34 million, a price-to-earnings ratio of 60.39 and a beta of 1.02. The business has a fifty day simple moving average of $10.58 and a 200-day simple moving average of $10.61. Cantaloupe has a fifty-two week low of $7.57 and a fifty-two week high of $11.16.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings data on Friday, February 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. The firm had revenue of $78.71 million during the quarter, compared to analyst estimates of $84.92 million. On average, equities analysts forecast that Cantaloupe will post 0.42 EPS for the current fiscal year.

Cantaloupe Company Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.