Cantaloupe Target of Unusually High Options Trading (NASDAQ:CTLP)

Cantaloupe, Inc. (NASDAQ:CTLP) was the recipient of unusually large options trading on Friday. Traders purchased 5,002 put options on the stock. This is an increase of approximately 390% compared to the average volume of 1,021 put options.

Institutional Investors Weigh In On Cantaloupe

Several institutional investors have recently modified their holdings of CTLP. Caitong International Asset Management Co. Ltd increased its holdings in Cantaloupe by 514.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,766 shares of the technology company’s stock valued at $29,000 after buying an additional 2,316 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Cantaloupe during the 3rd quarter worth about $32,000. Osaic Holdings Inc. increased its holdings in shares of Cantaloupe by 136.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock valued at $52,000 after acquiring an additional 2,737 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Cantaloupe by 2,824.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company’s stock valued at $55,000 after acquiring an additional 5,055 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Cantaloupe by 142.2% during the 3rd quarter. US Bancorp DE now owns 5,667 shares of the technology company’s stock worth $60,000 after acquiring an additional 3,327 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on CTLP shares. Weiss Ratings upgraded shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Zacks Research upgraded shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Wall Street Zen raised shares of Cantaloupe to a “hold” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cantaloupe has an average rating of “Hold” and a consensus price target of $12.60.

Cantaloupe Stock Down 0.0%

Shares of CTLP traded down $0.01 during midday trading on Friday, hitting $10.30. The company had a trading volume of 180,071 shares, compared to its average volume of 1,352,288. The company’s 50-day simple moving average is $10.56 and its 200-day simple moving average is $10.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.92. The firm has a market capitalization of $758.95 million, a P/E ratio of 57.17 and a beta of 1.09. Cantaloupe has a 1 year low of $7.01 and a 1 year high of $11.16.

Cantaloupe (NASDAQ:CTLP) last released 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). Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%.The firm had revenue of $78.71 million for the quarter, compared to analysts’ expectations of $84.92 million. As a group, sell-side analysts expect that Cantaloupe will post 0.32 EPS for the current 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.