Cantaloupe, Inc. (NASDAQ:CTLP) Receives Average Recommendation of “Hold” from Analysts

Shares of Cantaloupe, Inc. (NASDAQ:CTLP) have received an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $12.60.

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Cantaloupe to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings upgraded shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th.

Hedge Funds Weigh In On Cantaloupe

A number of institutional investors have recently added to or reduced their stakes in CTLP. Caitong International Asset Management Co. Ltd increased its holdings in 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 buying an additional 2,316 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Cantaloupe during the third quarter worth $32,000. Osaic Holdings Inc. increased its holdings in Cantaloupe by 136.2% during the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock worth $52,000 after buying an additional 2,737 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Cantaloupe by 2,824.0% during the third 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 increased its holdings in Cantaloupe by 142.2% during 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 last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Stock Performance

Shares of CTLP stock opened at $10.81 on Tuesday. The firm has a market cap of $796.91 million, a PE ratio of 60.06 and a beta of 1.02. Cantaloupe has a 12 month low of $7.24 and a 12 month high of $11.16. The company’s fifty day simple moving average is $10.54 and its 200-day simple moving average is $10.61. 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 (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 firm had revenue of $78.71 million for the quarter, compared to analyst estimates of $84.92 million. Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%. Equities research analysts expect that Cantaloupe will post 0.42 EPS for the current fiscal 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.