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

Cantaloupe, Inc. (NASDAQ:CTLP) has been given an average rating of “Buy” by the five research firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $9.70.

A number of research firms have recently weighed in on CTLP. Barrington Research reissued an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a report on Wednesday, February 14th. Benchmark reiterated a “buy” rating and issued a $10.00 target price on shares of Cantaloupe in a report on Monday, March 25th.

Cantaloupe Stock Down 0.9 %

CTLP stock opened at $6.27 on Friday. Cantaloupe has a 12 month low of $5.36 and a 12 month high of $8.28. The company has a market cap of $456.46 million, a price-to-earnings ratio of 33.00 and a beta of 1.55. The company has a fifty day moving average price of $6.38 and a 200 day moving average price of $6.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.64 and a quick ratio of 1.20.

Cantaloupe (NASDAQ:CTLP) last released its earnings results on Thursday, February 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Cantaloupe had a return on equity of 8.95% and a net margin of 5.90%. The company had revenue of $65.36 million for the quarter, compared to analysts’ expectations of $66.92 million. Sell-side analysts expect that Cantaloupe will post 0.17 earnings per share for the current year.

Insider Activity

In other news, CEO Ravi Venkatesan bought 7,749 shares of Cantaloupe stock in a transaction on Monday, February 12th. The shares were bought at an average price of $6.45 per share, with a total value of $49,981.05. Following the acquisition, the chief executive officer now directly owns 128,658 shares in the company, valued at approximately $829,844.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ravi Venkatesan acquired 7,749 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $6.45 per share, for a total transaction of $49,981.05. Following the purchase, the chief executive officer now directly owns 128,658 shares in the company, valued at $829,844.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hudson Executive Capital Lp sold 90,582 shares of Cantaloupe stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total transaction of $570,666.60. Following the completion of the sale, the insider now owns 9,270,694 shares in the company, valued at $58,405,372.20. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Institutional Trading of Cantaloupe

Several institutional investors have recently modified their holdings of CTLP. Charles Schwab Investment Management Inc. grew its stake in shares of Cantaloupe by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 435,516 shares of the technology company’s stock valued at $3,227,000 after buying an additional 1,769 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Cantaloupe by 2.2% during the 3rd quarter. Rhumbline Advisers now owns 81,384 shares of the technology company’s stock valued at $509,000 after acquiring an additional 1,778 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Cantaloupe by 17.5% in the second quarter. Jane Street Group LLC now owns 16,586 shares of the technology company’s stock worth $93,000 after buying an additional 2,467 shares during the last quarter. Worth Venture Partners LLC grew its stake in Cantaloupe by 18.4% in the 2nd quarter. Worth Venture Partners LLC now owns 15,978 shares of the technology company’s stock valued at $127,000 after buying an additional 2,478 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Cantaloupe by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 221,974 shares of the technology company’s stock worth $1,503,000 after acquiring an additional 2,611 shares during the last quarter. 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 the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.