Cantaloupe, Inc. (NASDAQ:CTLP) Receives $12.50 Consensus PT from Brokerages

Cantaloupe, Inc. (NASDAQ:CTLP) has been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.24.

Several brokerages have recently weighed in on CTLP. Wall Street Zen lowered shares of Cantaloupe from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. B. Riley lowered shares of Cantaloupe from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $11.50 to $11.20 in a report on Tuesday. Benchmark lowered shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Northland Capmk lowered shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, William Blair lowered shares of Cantaloupe from an “outperform” rating to a “market perform” rating in a report on Monday.

Cantaloupe Price Performance

Shares of NASDAQ CTLP opened at $10.98 on Monday. The stock has a market cap of $802.20 million, a price-to-earnings ratio of 13.90 and a beta of 1.09. Cantaloupe has a 52 week low of $5.82 and a 52 week high of $11.36. The company’s 50-day moving average price is $8.45 and its 200 day moving average price is $8.75. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.15.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Cantaloupe had a return on equity of 9.02% and a net margin of 20.47%. The firm had revenue of $75.43 million for the quarter, compared to analyst estimates of $79.83 million. As a group, research analysts forecast that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Cantaloupe

A number of hedge funds and other institutional investors have recently made changes to their positions in CTLP. Farther Finance Advisors LLC boosted its holdings 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 worth $35,000 after purchasing an additional 4,443 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Cantaloupe in the fourth quarter worth $40,000. Parkside Financial Bank & Trust acquired a new position in Cantaloupe in the fourth quarter worth $47,000. New York State Common Retirement Fund boosted its holdings 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 during the period. Finally, BNP Paribas Financial Markets acquired a new position in Cantaloupe in the fourth quarter worth $77,000. Institutional investors own 75.75% of the company’s stock.

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.