Cantaloupe, Inc. (NASDAQ:CTLP) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Cantaloupe, Inc. (NASDAQ:CTLP) has an average analyst recommendation of "Hold", with target prices set at $12.24.
• Recent analysis shows significant changes in institutional investments, including a 600.1% increase in holdings by Janus Henderson Group PLC.
• The company reported a quarterly loss with an EPS of $0.08, below the estimated $0.10, alongside revenue of $75.43 million that fell short of expectations.

Shares of Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) have been given an average rating of "Hold" by the seven research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $12.24.

A number of equities analysts recently issued reports on CTLP shares. Craig Hallum cut Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Wall Street Zen lowered Cantaloupe from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Northland Capmk lowered Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Benchmark downgraded Cantaloupe from a "buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Finally, Barrington Research downgraded Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, June 16th.

Institutional Investors Weigh In On Cantaloupe

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Cantaloupe by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,553,862 shares of the technology company's stock worth $27,969,000 after buying an additional 14,747 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Cantaloupe by 0.7% in the fourth quarter. Deutsche Bank AG now owns 2,966,050 shares of the technology company's stock worth $28,207,000 after purchasing an additional 20,314 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Cantaloupe by 17.6% in the second quarter. Geode Capital Management LLC now owns 1,637,446 shares of the technology company's stock worth $17,997,000 after purchasing an additional 244,659 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cantaloupe by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,231,728 shares of the technology company's stock worth $11,714,000 after purchasing an additional 68,546 shares during the last quarter. Finally, Alpine Associates Management Inc. bought a new position in shares of Cantaloupe in the second quarter worth about $12,053,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Stock Performance

Shares of Cantaloupe stock traded down $0.15 during trading on Tuesday, reaching $10.94. The company's stock had a trading volume of 4,736,621 shares, compared to its average volume of 1,066,934. Cantaloupe has a 52 week low of $5.82 and a 52 week high of $11.36. The business's 50-day moving average price is $10.61 and its 200-day moving average price is $9.22. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.15. The firm has a market cap of $801.43 million, a PE ratio of 13.84 and a beta of 1.18.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). The firm had revenue of $75.43 million for the quarter, compared to analyst estimates of $79.83 million. Cantaloupe had a net margin of 20.47% and a return on equity of 9.02%. Equities analysts forecast that Cantaloupe will post 0.32 earnings per share for the current year.

About Cantaloupe

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.