Cantaloupe (NASDAQ:CTLP) Earns Hold Rating from Benchmark

Cantaloupe (NASDAQ:CTLP)‘s stock had its “hold” rating restated by research analysts at Benchmark in a note issued to investors on Tuesday,Benzinga reports.

Other equities analysts have also recently issued research reports about the stock. B. Riley cut shares of Cantaloupe from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $11.50 to $11.20 in a research report on Tuesday. Barrington Research reiterated an “underperform” rating on shares of Cantaloupe in a report on Monday. Wall Street Zen lowered Cantaloupe from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. Finally, William Blair downgraded shares of Cantaloupe from an “outperform” rating to a “market perform” rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.24.

Cantaloupe Stock Down 0.0%

CTLP stock traded down $0.01 during midday trading on Tuesday, hitting $10.99. 365,438 shares of the company’s stock were exchanged, compared to its average volume of 561,205. The stock has a market capitalization of $802.54 million, a price-to-earnings ratio of 54.88 and a beta of 1.09. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $8.32 and a 200-day moving average price of $8.72. Cantaloupe has a 12-month low of $5.82 and a 12-month high of $11.36.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. The company had revenue of $75.43 million during the quarter, compared to analyst estimates of $79.83 million. On average, analysts anticipate that Cantaloupe will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Cantaloupe

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in Cantaloupe by 8,886.0% during the 1st quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company’s stock worth $35,000 after buying an additional 4,443 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Cantaloupe during the fourth quarter valued at approximately $40,000. Parkside Financial Bank & Trust purchased a new stake in shares of Cantaloupe in the 4th quarter valued at approximately $47,000. New York State Common Retirement Fund boosted its stake in Cantaloupe by 75.8% in the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock worth $75,000 after purchasing an additional 3,400 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in Cantaloupe during the 4th quarter worth approximately $77,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.