Cantaloupe, Inc. (NASDAQ:CTLP) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Cantaloupe, Inc. (NASDAQ:CTLP) has received a consensus rating of "Hold" from eight analysts, with one sell rating, six hold ratings, and one buy rating, and an average 12-month price target of $12.55.
• Recent insider trading saw CTO Gaurav Singal sell 14,544 shares at an average price of $10.61, reducing his ownership by 35.88% to approximately $275,743.
• Institutional investors significantly increased their holdings in Cantaloupe, with hedge funds boosting positions by as much as 8,886% in some cases during recent quarters.

Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) has received an average recommendation of "Hold" from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $12.55.

A number of equities research analysts recently weighed in on the company. Barrington Research cut Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 16th. Northland Capmk cut Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. William Blair cut Cantaloupe from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Benchmark cut Cantaloupe from a "buy" rating to a "hold" rating in a report on Tuesday, June 17th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Cantaloupe in a report on Saturday, September 27th.

Insider Buying and Selling

In other Cantaloupe news, CTO Gaurav Singal sold 14,544 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $10.61, for a total transaction of $154,311.84. Following the sale, the chief technology officer owned 25,989 shares in the company, valued at approximately $275,743.29. This represents a 35.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Cantaloupe

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in shares of Cantaloupe by 8,886.0% during the first quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company's stock worth $35,000 after purchasing an additional 4,443 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Cantaloupe by 136.2% during the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company's stock worth $52,000 after purchasing an additional 2,737 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Cantaloupe by 55.6% during the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company's stock worth $63,000 after purchasing an additional 2,063 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Cantaloupe during the second quarter worth $76,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Cantaloupe by 41.2% during the second quarter. Tower Research Capital LLC TRC now owns 7,940 shares of the technology company's stock worth $87,000 after purchasing an additional 2,315 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Cantaloupe Stock Performance

NASDAQ CTLP traded down $0.03 on Friday, hitting $10.57. 1,058,406 shares of the company's stock were exchanged, compared to its average volume of 2,236,496. The firm has a market cap of $775.52 million, a price-to-earnings ratio of 13.38 and a beta of 1.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.86 and a quick ratio of 1.30. The firm's 50-day moving average price is $10.83 and its two-hundred day moving average price is $9.66. Cantaloupe has a fifty-two week low of $7.01 and a fifty-two week high of $11.36.

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.

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