Cantaloupe, Inc. (NASDAQ:CTLP) Given Average Recommendation of "Hold" by Analysts

Shares of Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) have received a consensus rating of "Hold" from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $12.24.

CTLP has been the topic of a number of research analyst reports. Benchmark cut Cantaloupe from a "buy" rating to a "hold" rating in a report on Tuesday, June 17th. Northland Capmk cut Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Barrington Research cut Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 16th. B. Riley cut Cantaloupe from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $11.50 to $11.20 in a report on Tuesday, June 17th. Finally, Wall Street Zen cut Cantaloupe from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Cantaloupe Price Performance

CTLP stock opened at $11.07 on Tuesday. Cantaloupe has a twelve month low of $5.82 and a twelve month high of $11.36. 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 stock has a market cap of $811.32 million, a P/E ratio of 14.01 and a beta of 1.18. The business's 50-day moving average price is $10.46 and its 200-day moving average price is $9.18.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). Cantaloupe had a return on equity of 9.02% and a net margin of 20.47%. The business had revenue of $75.43 million during the quarter, compared to analysts' expectations of $79.83 million. On average, equities research analysts forecast that Cantaloupe will post 0.32 EPS for the current year.

Institutional Trading of Cantaloupe

Hedge funds have recently modified their holdings of the company. ProShare Advisors LLC raised its holdings in shares of Cantaloupe by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 16,449 shares of the technology company's stock worth $156,000 after acquiring an additional 5,412 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Cantaloupe by 3.4% during the 1st quarter. Rhumbline Advisers now owns 83,698 shares of the technology company's stock worth $659,000 after acquiring an additional 2,725 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Cantaloupe by 18.8% during the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company's stock worth $906,000 after acquiring an additional 15,100 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Cantaloupe by 8.2% during the 4th quarter. Ameriprise Financial Inc. now owns 93,280 shares of the technology company's stock worth $887,000 after acquiring an additional 7,083 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Cantaloupe during the 4th quarter worth approximately $821,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

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.

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