Cantaloupe, Inc. (NASDAQ:CTLP) Receives Consensus Rating of “Hold” from Brokerages

Shares of Cantaloupe, Inc. (NASDAQ:CTLP) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $12.60.

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Cantaloupe to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings raised shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 9th.

Institutional Trading of Cantaloupe

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its position in Cantaloupe by 514.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,766 shares of the technology company’s stock worth $29,000 after purchasing an additional 2,316 shares during the period. State of Alaska Department of Revenue purchased a new stake in Cantaloupe during the 3rd quarter worth $32,000. Osaic Holdings Inc. lifted its holdings in Cantaloupe by 136.2% in the 2nd 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 in the last quarter. Russell Investments Group Ltd. lifted its holdings in Cantaloupe by 2,824.0% in the 3rd 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 in the last quarter. Finally, US Bancorp DE lifted its holdings in Cantaloupe by 142.2% in the 3rd 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 in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Price Performance

Shares of NASDAQ CTLP opened at $11.20 on Friday. Cantaloupe has a 52-week low of $7.57 and a 52-week high of $11.21. The firm has a fifty day moving average of $10.78 and a 200-day moving average of $10.66. The stock has a market capitalization of $825.66 million, a PE ratio of 62.22 and a beta of 1.00. The company has a quick ratio of 1.31, a current ratio of 1.83 and a debt-to-equity ratio of 0.14.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter. Cantaloupe had a net margin of 1.15% and a return on equity of 4.94%. The company had revenue of $78.69 million for the quarter.

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.