Cantaloupe, Inc. (NASDAQ:CTLP) Given Consensus Recommendation of “Reduce” by Brokerages

Cantaloupe, Inc. (NASDAQ:CTLP) has been assigned an average rating of “Reduce” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $12.7333.

A number of research analysts have issued reports on CTLP shares. Zacks Research raised Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cantaloupe in a research note on Monday, December 29th.

Cantaloupe Stock Performance

Shares of CTLP opened at $10.55 on Thursday. The company has a 50-day moving average of $10.68 and a two-hundred day moving average of $10.73. The stock has a market cap of $777.54 million, a price-to-earnings ratio of 50.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.81 and a quick ratio of 1.28. Cantaloupe has a one year low of $7.01 and a one year high of $11.36.

Institutional Investors Weigh In On Cantaloupe

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTLP. Police & Firemen s Retirement System of New Jersey increased its position in Cantaloupe by 10.4% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,428 shares of the technology company’s stock worth $148,000 after acquiring an additional 1,268 shares during the period. DCF Advisers LLC grew its position in shares of Cantaloupe by 6.3% during the 2nd quarter. DCF Advisers LLC now owns 33,500 shares of the technology company’s stock worth $368,000 after purchasing an additional 2,000 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Cantaloupe by 55.6% during the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock worth $63,000 after purchasing an additional 2,063 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Cantaloupe by 41.2% during the second quarter. Tower Research Capital LLC TRC now owns 7,940 shares of the technology company’s stock worth $87,000 after purchasing an additional 2,315 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Cantaloupe by 3.0% in the third quarter. Rhumbline Advisers now owns 82,793 shares of the technology company’s stock valued at $875,000 after buying an additional 2,423 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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.