Brokerages Set Cantaloupe, Inc. (NASDAQ:CTLP) Price Target at $12.73

Cantaloupe, Inc. (NASDAQ:CTLP) has received an average rating of “Reduce” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.7333.

A number of analysts have weighed in on CTLP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cantaloupe in a research report on Monday, December 29th. Zacks Research upgraded shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th.

Institutional Trading of Cantaloupe

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Cantaloupe in the first quarter valued at approximately $731,000. Rhumbline Advisers increased its holdings in Cantaloupe by 3.4% during the 1st quarter. Rhumbline Advisers now owns 83,698 shares of the technology company’s stock valued at $659,000 after purchasing an additional 2,725 shares in the last quarter. Inspire Investing LLC boosted its stake in Cantaloupe by 3.5% in the first quarter. Inspire Investing LLC now owns 43,167 shares of the technology company’s stock worth $340,000 after purchasing an additional 1,470 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Cantaloupe by 62.4% during the second quarter. Farther Finance Advisors LLC now owns 7,296 shares of the technology company’s stock worth $80,000 after purchasing an additional 2,803 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Cantaloupe by 51.0% during the second quarter. KLP Kapitalforvaltning AS now owns 14,500 shares of the technology company’s stock worth $159,000 after purchasing an additional 4,900 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Cantaloupe Stock Performance

NASDAQ:CTLP opened at $10.82 on Friday. The firm has a market capitalization of $797.43 million, a PE ratio of 51.52 and a beta of 1.10. The company has a quick ratio of 1.28, a current ratio of 1.81 and a debt-to-equity ratio of 0.14. Cantaloupe has a 12-month low of $7.01 and a 12-month high of $11.36. The firm has a 50-day moving average price of $10.62 and a 200 day moving average price of $10.75.

Cantaloupe Company Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.