Brokerages Set Cantaloupe, Inc. (NASDAQ:CTLP) Target Price at $12.24

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

Several research firms have recently weighed in on CTLP. Northland Capmk lowered Cantaloupe from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. B. Riley downgraded shares of Cantaloupe from a "buy" rating to a "neutral" rating and cut their target price for the company from $11.50 to $11.20 in a research note on Tuesday, June 17th. Benchmark downgraded shares of Cantaloupe from a "buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Barrington Research cut shares of Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, June 16th. Finally, William Blair lowered shares of Cantaloupe from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Inspire Investing LLC raised 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cantaloupe by 5.7% during 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 during the last quarter. Rhumbline Advisers lifted its position in shares of Cantaloupe by 3.4% during 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cantaloupe by 3.2% in 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 purchasing an additional 2,792 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Cantaloupe by 62.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,296 shares of the technology company's stock worth $80,000 after buying an additional 2,803 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Price Performance

Shares of NASDAQ CTLP remained flat at $11.02 on Friday. The stock had a trading volume of 702,302 shares, compared to its average volume of 677,198. The firm has a market cap of $805.12 million, a price-to-earnings ratio of 13.95 and a beta of 1.17. Cantaloupe has a 52 week low of $5.82 and a 52 week high of $11.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.79 and a quick ratio of 1.22. The company has a 50-day moving average price of $9.55 and a 200 day moving average price of $8.93.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Cantaloupe had a net margin of 20.47% and a return on equity of 9.02%. The firm had revenue of $75.43 million for the quarter, compared to analyst estimates of $79.83 million. On average, sell-side analysts anticipate 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.