Cantaloupe (NASDAQ:CTLP) Cut to Market Perform at William Blair

Cantaloupe (NASDAQ:CTLP) was downgraded by stock analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued on Monday, MarketBeat reports.

CTLP has been the topic of several other reports. Barrington Research reissued an “outperform” rating and issued a $14.00 price objective on shares of Cantaloupe in a research note on Wednesday, May 21st. Wall Street Zen lowered Cantaloupe from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, Benchmark lifted their price objective on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

Cantaloupe Stock Up 15.2%

Shares of Cantaloupe stock traded up $1.45 on Monday, reaching $10.95. The stock had a trading volume of 14,168,809 shares, compared to its average volume of 517,013. The company has a 50 day moving average price of $8.25 and a 200 day moving average price of $8.71. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. Cantaloupe has a 1 year low of $5.82 and a 1 year high of $11.36. The stock has a market capitalization of $799.62 million, a P/E ratio of 54.73 and a beta of 1.09.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. The firm had revenue of $75.43 million during the quarter, compared to analysts’ expectations of $79.83 million. As a group, equities research analysts forecast that Cantaloupe will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC lifted its stake in Cantaloupe by 3.5% during the first quarter. Inspire Investing LLC now owns 43,167 shares of the technology company’s stock valued at $340,000 after purchasing an additional 1,470 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Cantaloupe by 5.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,263 shares of the technology company’s stock valued at $238,000 after buying an additional 1,622 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Cantaloupe by 3.4% in the first quarter. Rhumbline Advisers now owns 83,698 shares of the technology company’s stock valued at $659,000 after buying an additional 2,725 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cantaloupe by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 88,719 shares of the technology company’s stock valued at $844,000 after acquiring an additional 2,792 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Cantaloupe by 6.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 55,992 shares of the technology company’s stock worth $441,000 after acquiring an additional 3,200 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

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.