Cantaloupe (NASDAQ:CTLP) Stock Crosses Above 200 Day Moving Average of $6.66

Cantaloupe, Inc. (NASDAQ:CTLPGet Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.66 and traded as high as $6.99. Cantaloupe shares last traded at $6.98, with a volume of 203,735 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $10.00 price objective on shares of Cantaloupe in a report on Monday, March 25th. Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research note on Tuesday, May 28th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $9.88.

View Our Latest Stock Report on CTLP

Cantaloupe Price Performance

The company has a current ratio of 1.57, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $6.42 and a 200 day moving average price of $6.66. The stock has a market capitalization of $508.21 million, a price-to-earnings ratio of 43.63 and a beta of 1.68.

Cantaloupe (NASDAQ:CTLPGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $67.90 million during the quarter, compared to analysts’ expectations of $69.57 million. Cantaloupe had a net margin of 4.85% and a return on equity of 7.36%. During the same period in the prior year, the business posted $0.09 earnings per share. As a group, equities research analysts expect that Cantaloupe, Inc. will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On Cantaloupe

A number of hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC increased its stake in Cantaloupe by 152.7% during the 1st quarter. Janus Henderson Group PLC now owns 99,321 shares of the technology company’s stock worth $638,000 after buying an additional 60,013 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Cantaloupe by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock valued at $111,000 after acquiring an additional 3,197 shares in the last quarter. Archon Capital Management LLC boosted its holdings in Cantaloupe by 8.2% in the first quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company’s stock valued at $9,221,000 after purchasing an additional 108,423 shares during the period. Jupiter Asset Management Ltd. grew its stake in Cantaloupe by 11.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 34,558 shares of the technology company’s stock worth $222,000 after purchasing an additional 3,536 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its holdings in 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 purchasing an additional 17,479 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Cantaloupe Company Profile

(Get Free Report)

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.

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