Cantaloupe's (CTLP) "Hold" Rating Reaffirmed at Benchmark

Cantaloupe (NASDAQ:CTLP - Get Free Report)'s stock had its "hold" rating reissued by analysts at Benchmark in a report issued on Tuesday,Benzinga reports.

A number of other brokerages have also issued reports on CTLP. Barrington Research reiterated an "underperform" rating on shares of Cantaloupe in a research report on Monday. Wall Street Zen cut shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. William Blair lowered shares of Cantaloupe from an "outperform" rating to a "market perform" rating in a research note on Monday. Finally, B. Riley lowered Cantaloupe from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $11.50 to $11.20 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $12.24.

Cantaloupe Stock Down 0.0%

Shares of CTLP stock traded down $0.01 on Tuesday, hitting $10.99. The stock had a trading volume of 365,438 shares, compared to its average volume of 561,205. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $8.32 and a 200 day moving average price of $8.72. Cantaloupe has a one year low of $5.82 and a one year high of $11.36. The company has a market cap of $802.54 million, a PE ratio of 54.88 and a beta of 1.09.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $75.43 million for the quarter, compared to analysts' expectations of $79.83 million. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. Research analysts anticipate that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cantaloupe

A number of hedge funds and other institutional investors have recently made changes to their positions in CTLP. Farther Finance Advisors LLC raised its position in Cantaloupe by 8,886.0% in the first quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company's stock valued at $35,000 after purchasing an additional 4,443 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cantaloupe during the fourth quarter valued at approximately $40,000. Parkside Financial Bank & Trust acquired a new position in shares of Cantaloupe during the fourth quarter worth $47,000. New York State Common Retirement Fund boosted its stake in shares of Cantaloupe by 75.8% in 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 position in shares of Cantaloupe in the fourth quarter valued at $77,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.