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

Key Points

• Analysts give Cantaloupe a consensus recommendation of Hold (1 sell, 6 hold, 1 buy) with an average 1‑year target price of $12.60.
• The company missed its latest quarter, reporting EPS of $0.04 versus a $0.10 consensus and revenue of $78.71M versus $84.92M expected.
• Shares traded at $10.58 (down 0.8%) with a market cap of about $780M, a P/E of 58.78 and a 52‑week range of $7.01–$11.16, while institutional investors hold roughly 75.8% of the stock.

Shares of Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) have been given an average rating of "Hold" by the eight research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $12.60.

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

Institutional Trading of Cantaloupe

Several large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its position in Cantaloupe by 514.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,766 shares of the technology company's stock worth $29,000 after buying an additional 2,316 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Cantaloupe during the 3rd quarter worth approximately $32,000. Osaic Holdings Inc. raised its position in shares of Cantaloupe by 136.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company's stock valued at $52,000 after buying an additional 2,737 shares during the period. Russell Investments Group Ltd. raised its position in shares of Cantaloupe by 2,824.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company's stock valued at $55,000 after buying an additional 5,055 shares during the period. Finally, US Bancorp DE lifted its holdings in Cantaloupe by 142.2% in the third quarter. US Bancorp DE now owns 5,667 shares of the technology company's stock valued at $60,000 after acquiring an additional 3,327 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Cantaloupe Stock Down 0.8%

Cantaloupe stock traded down $0.08 during midday trading on Friday, reaching $10.58. The company's stock had a trading volume of 39,551 shares, compared to its average volume of 1,259,064. The stock has a market capitalization of $779.96 million, a P/E ratio of 58.78 and a beta of 1.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.31. The stock's 50-day simple moving average is $10.52 and its 200-day simple moving average is $10.59. Cantaloupe has a 52-week low of $7.01 and a 52-week high of $11.16.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. The firm had revenue of $78.71 million for the quarter, compared to analysts' expectations of $84.92 million. On average, sell-side analysts expect that Cantaloupe will post 0.32 EPS for the current year.

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.

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