Cantaloupe, Inc. (NASDAQ:CTLP) Receives Consensus Rating of “Hold” from Brokerages

Shares of Cantaloupe, Inc. (NASDAQ:CTLP) have been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $12.60.

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Cantaloupe to a “hold” rating in a research note on Saturday, February 21st. Zacks Research raised Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings upgraded Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 9th.

Cantaloupe Price Performance

Shares of NASDAQ CTLP traded up $0.05 during midday trading on Monday, reaching $10.49. The company’s stock had a trading volume of 221,041 shares, compared to its average volume of 1,376,263. Cantaloupe has a one year low of $7.01 and a one year high of $11.16. The company has a market cap of $773.03 million, a price-to-earnings ratio of 58.31 and a beta of 1.09. The company has a 50 day moving average price of $10.59 and a 200 day moving average price of $10.64. The company has a current ratio of 1.92, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The business had revenue of $78.71 million for the quarter, compared to the consensus estimate of $84.92 million. Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%. On average, equities research analysts expect that Cantaloupe will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Cantaloupe

A number of large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Cantaloupe in the 3rd quarter valued at approximately $32,000. Osaic Holdings Inc. raised its stake in Cantaloupe by 136.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock valued at $52,000 after purchasing an additional 2,737 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Cantaloupe by 2,824.0% in the third quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company’s stock valued at $55,000 after purchasing an additional 5,055 shares in the last quarter. US Bancorp DE boosted its position in shares of Cantaloupe by 142.2% in the third quarter. US Bancorp DE now owns 5,667 shares of the technology company’s stock worth $60,000 after buying an additional 3,327 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Cantaloupe by 55.6% in the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock worth $63,000 after buying an additional 2,063 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

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.