Shares of Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) saw an uptick in trading volume on Monday . 1,443,297 shares traded hands during mid-day trading, an increase of 138% from the previous session's volume of 606,734 shares.The stock last traded at $11.01 and had previously closed at $10.99.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on CTLP. Benchmark downgraded shares of Cantaloupe from a "buy" rating to a "hold" rating in a report on Tuesday, June 17th. Wall Street Zen downgraded shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. B. Riley cut shares of Cantaloupe from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $11.50 to $11.20 in a research note on Tuesday, June 17th. William Blair lowered Cantaloupe from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Finally, Northland Capmk cut Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Cantaloupe currently has an average rating of "Hold" and an average price target of $12.24.
Check Out Our Latest Analysis on Cantaloupe
Cantaloupe Price Performance
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's fifty day simple moving average is $8.78 and its two-hundred day simple moving average is $8.82. The firm has a market cap of $802.93 million, a PE ratio of 13.91 and a beta of 1.09.
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 analysts' consensus estimates of $0.10 by ($0.02). The business had revenue of $75.43 million during the quarter, compared to analysts' expectations of $79.83 million. Cantaloupe had a return on equity of 9.02% and a net margin of 20.47%. As a group, research analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current year.
Institutional Trading of Cantaloupe
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its stake in Cantaloupe by 8,886.0% in the 1st 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 period. Harvest Fund Management Co. Ltd bought a new position in shares of Cantaloupe during the 4th quarter valued at approximately $40,000. Parkside Financial Bank & Trust purchased a new position in shares of Cantaloupe in the 4th quarter worth $47,000. New York State Common Retirement Fund raised its position in Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock valued at $75,000 after purchasing an additional 3,400 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in Cantaloupe during the 4th quarter valued at $77,000. Institutional investors own 75.75% of the company's stock.
About Cantaloupe
(
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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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