Shares of Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 2,175,718 shares traded hands during trading, an increase of 212% from the previous session's volume of 698,194 shares.The stock last traded at $11.13 and had previously closed at $11.09.
Analyst Ratings Changes
CTLP has been the subject of a number of analyst reports. William Blair lowered Cantaloupe from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Barrington Research lowered Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, June 16th. Benchmark cut Cantaloupe from a "buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Wall Street Zen cut Cantaloupe from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, B. Riley cut Cantaloupe from a "buy" rating to a "neutral" rating and cut their target price for the stock from $11.50 to $11.20 in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $12.24.
View Our Latest Analysis on Cantaloupe
Cantaloupe Trading Up 0.2%
The business has a fifty day simple moving average of $9.73 and a 200 day simple moving average of $8.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.22 and a current ratio of 1.79. The stock has a market cap of $811.70 million, a price-to-earnings ratio of 14.06 and a beta of 1.17.
Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share 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 business had revenue of $75.43 million for the quarter, compared to the consensus estimate of $79.83 million. As a group, equities analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of Cantaloupe by 62.4% during the second quarter. Farther Finance Advisors LLC now owns 7,296 shares of the technology company's stock valued at $80,000 after acquiring an additional 2,803 shares during the period. Inspire Investing LLC boosted its holdings in shares of Cantaloupe by 3.5% in the first quarter. Inspire Investing LLC now owns 43,167 shares of the technology company's stock valued at $340,000 after buying an additional 1,470 shares during the period. Rhumbline Advisers raised its stake in shares of Cantaloupe by 3.4% in the 1st quarter. Rhumbline Advisers now owns 83,698 shares of the technology company's stock valued at $659,000 after purchasing an additional 2,725 shares during the period. Jane Street Group LLC acquired a new position in Cantaloupe during the 1st quarter worth approximately $731,000. Finally, Expect Equity LLC acquired a new stake in Cantaloupe in the 1st quarter valued at $711,000. Institutional investors own 75.75% of the company's stock.
About Cantaloupe
(
Get Free Report)
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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