Cantaloupe (NASDAQ:CTLP) Given Hold Rating at Benchmark

Benchmark reiterated their hold rating on shares of Cantaloupe (NASDAQ:CTLP) in a report published on Tuesday,Benzinga reports.

Several other research firms have also commented on CTLP. Barrington Research lowered shares of Cantaloupe from a “strong-buy” rating to a “strong sell” rating in a research note on Monday. B. Riley lowered shares of Cantaloupe from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $11.50 to $11.20 in a report on Tuesday. Wall Street Zen downgraded shares of Cantaloupe from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. Finally, William Blair lowered shares of Cantaloupe from an “outperform” rating to a “market perform” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Cantaloupe has an average rating of “Hold” and an average target price of $12.24.

Cantaloupe Stock Performance

Cantaloupe stock opened at $10.99 on Tuesday. The company’s 50-day moving average price is $8.39 and its 200-day moving average price is $8.74. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.15. The company has a market cap of $802.93 million, a PE ratio of 13.91 and a beta of 1.09. Cantaloupe has a twelve month low of $5.82 and a twelve month high of $11.36.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data 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). The company had revenue of $75.43 million for the quarter, compared to the consensus estimate of $79.83 million. Cantaloupe had a return on equity of 9.02% and a net margin of 20.47%. On average, equities research analysts forecast that Cantaloupe will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd purchased a new stake in Cantaloupe in the 4th quarter valued at about $40,000. Farther Finance Advisors LLC raised its stake in shares of Cantaloupe by 8,886.0% during the first quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company’s stock valued at $35,000 after acquiring an additional 4,443 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of Cantaloupe in the fourth quarter valued at approximately $47,000. New York State Common Retirement Fund grew 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 worth $75,000 after purchasing an additional 3,400 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Cantaloupe during 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.