Cantaloupe (NASDAQ:CTLP) Sees Large Volume Increase

Cantaloupe, Inc. (NASDAQ:CTLP) saw an uptick in trading volume on Friday . 155,342 shares traded hands during trading, a decline of 49% from the previous session’s volume of 303,410 shares.The stock last traded at $7.19 and had previously closed at $7.57.

Analyst Ratings Changes

CTLP has been the subject of several analyst reports. Barrington Research reiterated an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a report on Tuesday, May 28th. Northland Securities reaffirmed an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a research report on Friday, July 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Cantaloupe currently has a consensus rating of “Buy” and a consensus target price of $9.90.

Cantaloupe Price Performance

The stock has a market capitalization of $521.32 million, a PE ratio of 47.32 and a beta of 1.66. The stock’s 50 day moving average is $6.95 and its two-hundred day moving average is $6.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.57.

Cantaloupe (NASDAQ:CTLP) last released its earnings results on Thursday, May 9th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Cantaloupe had a net margin of 4.85% and a return on equity of 7.36%. The business had revenue of $67.90 million for the quarter, compared to analyst estimates of $69.57 million. During the same period last year, the company posted $0.09 EPS. On average, equities analysts anticipate that Cantaloupe, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Trading of Cantaloupe

Institutional investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new stake in Cantaloupe in the 4th quarter valued at approximately $38,000. Tower Research Capital LLC TRC grew its stake in shares of Cantaloupe by 949.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,794 shares of the technology company’s stock worth $80,000 after acquiring an additional 9,765 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Cantaloupe in the second quarter worth $89,000. Price T Rowe Associates Inc. MD grew its stake in shares of Cantaloupe by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock worth $111,000 after acquiring an additional 3,197 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cantaloupe by 68.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company’s stock worth $152,000 after acquiring an additional 9,374 shares in 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.