Cantaloupe, Inc. (NASDAQ:CTLP) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Cantaloupe, Inc. (NASDAQ:CTLP) have been assigned a consensus recommendation of “Buy” from the five analysts that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $9.88.

CTLP has been the topic of a number of research reports. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a research note on Monday. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Cantaloupe in a research report on Monday, March 25th.

Cantaloupe Price Performance

NASDAQ CTLP opened at $5.97 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.64 and a quick ratio of 1.20. The firm has a market capitalization of $434.62 million, a price-to-earnings ratio of 31.42 and a beta of 1.51. The company has a 50 day simple moving average of $6.24 and a 200-day simple moving average of $6.64. Cantaloupe has a 52-week low of $5.74 and a 52-week high of $8.28.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Cantaloupe had a net margin of 5.90% and a return on equity of 8.95%. The firm had revenue of $65.36 million for the quarter, compared to analyst estimates of $66.92 million. Equities research analysts predict that Cantaloupe will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at Cantaloupe

In other Cantaloupe news, CEO Ravi Venkatesan acquired 7,749 shares of Cantaloupe stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $6.45 per share, with a total value of $49,981.05. Following the purchase, the chief executive officer now owns 128,658 shares in the company, valued at $829,844.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $6.30, for a total transaction of $570,666.60. Following the transaction, the insider now owns 9,270,694 shares of the company’s stock, valued at approximately $58,405,372.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ravi Venkatesan acquired 7,749 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $6.45 per share, for a total transaction of $49,981.05. Following the completion of the purchase, the chief executive officer now directly owns 128,658 shares in the company, valued at approximately $829,844.10. The disclosure for this purchase can be found here. 4.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cantaloupe

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTLP. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Cantaloupe by 53.2% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 50,333 shares of the technology company’s stock worth $324,000 after buying an additional 17,479 shares during the period. North Star Investment Management Corp. acquired a new position in Cantaloupe during the 1st quarter worth $1,093,000. Tower Research Capital LLC TRC boosted its holdings in Cantaloupe by 949.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,794 shares of the technology company’s stock valued at $80,000 after acquiring an additional 9,765 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Cantaloupe in the fourth quarter valued at about $461,000. Finally, Corient Private Wealth LLC grew its position in shares of Cantaloupe by 52.6% in the fourth quarter. Corient Private Wealth LLC now owns 165,400 shares of the technology company’s stock valued at $1,226,000 after purchasing an additional 57,034 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.