Northland Capmk Downgrades Cantaloupe (NASDAQ:CTLP) to Hold

Cantaloupe (NASDAQ:CTLP - Get Free Report) was downgraded by equities researchers at Northland Capmk from a "strong-buy" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

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

Cantaloupe Price Performance

Shares of CTLP stock opened at $10.99 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.79 and a quick ratio of 1.22. The company has a market capitalization of $802.93 million, a P/E ratio of 13.91 and a beta of 1.09. The company's 50-day simple moving average is $8.39 and its two-hundred day simple moving average is $8.74. Cantaloupe has a one year low of $5.82 and a one year high of $11.36.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). Cantaloupe had a return on equity of 9.02% and a net margin of 20.47%. The company had revenue of $75.43 million during the quarter, compared to the consensus estimate of $79.83 million. As a group, equities analysts anticipate that Cantaloupe will post 0.32 EPS for the current year.

Institutional Trading of Cantaloupe

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Cantaloupe by 8,886.0% in the 1st quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company's stock valued at $35,000 after buying an additional 4,443 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Cantaloupe in the fourth quarter valued at approximately $40,000. Parkside Financial Bank & Trust acquired a new stake in Cantaloupe in the fourth quarter valued at approximately $47,000. New York State Common Retirement Fund boosted its stake in 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 acquiring an additional 3,400 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Cantaloupe in the 4th quarter worth $77,000. 75.75% of the stock is currently owned by institutional investors.

About Cantaloupe

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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