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

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

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

Cantaloupe Trading Down 0.3%

Shares of Cantaloupe stock opened at $10.86 on Friday. The stock has a market capitalization of $800.35 million, a PE ratio of 51.71 and a beta of 1.10. Cantaloupe has a 52 week low of $7.01 and a 52 week high of $11.36. The stock has a 50 day moving average price of $10.64 and a two-hundred day moving average price of $10.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.28 and a current ratio of 1.81.

Institutional Trading of Cantaloupe

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in shares of Cantaloupe by 1,215.2% in the fourth quarter. SG Americas Securities LLC now owns 306,943 shares of the technology company’s stock worth $3,260,000 after purchasing an additional 283,604 shares during the last quarter. JPMorgan Chase & Co. raised its position in Cantaloupe by 3.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 172,741 shares of the technology company’s stock valued at $1,826,000 after buying an additional 5,130 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in Cantaloupe in the 3rd quarter valued at $16,433,000. Acuitas Investments LLC lifted its stake in Cantaloupe by 29.4% during the 3rd quarter. Acuitas Investments LLC now owns 205,645 shares of the technology company’s stock valued at $2,174,000 after acquiring an additional 46,700 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in Cantaloupe during the 3rd quarter worth $3,173,000. 75.75% of the stock is owned by institutional investors.

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.