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

Cantaloupe, Inc. (NASDAQ:CTLP) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.60.

A number of research firms have commented on CTLP. Wall Street Zen upgraded shares of Cantaloupe to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings upgraded shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 9th.

Cantaloupe Trading Down 0.3%

CTLP opened at $10.78 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. Cantaloupe has a 52 week low of $7.01 and a 52 week high of $11.16. The business’s 50 day moving average is $10.51 and its two-hundred day moving average is $10.59. The firm has a market cap of $794.70 million, a price-to-earnings ratio of 59.89 and a beta of 1.02.

Cantaloupe (NASDAQ:CTLP) last announced its earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share (EPS) 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 business had revenue of $78.71 million for the quarter, compared to analysts’ expectations of $84.92 million. On average, research analysts predict that Cantaloupe will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

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

About Cantaloupe

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.