Cantaloupe Sees Unusually Large Options Volume (NASDAQ:CTLP)

Cantaloupe, Inc. (NASDAQ:CTLP) was the target of some unusual options trading activity on Friday. Investors purchased 5,002 put options on the company. This is an increase of 390% compared to the average volume of 1,021 put options.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research upgraded shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Wall Street Zen raised Cantaloupe to a “hold” rating in a report on Saturday, February 21st. Finally, Weiss Ratings upgraded Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cantaloupe presently has a consensus rating of “Hold” and an average price target of $12.60.

Cantaloupe Trading Up 0.9%

Shares of Cantaloupe stock opened at $10.39 on Friday. The firm’s 50 day moving average is $10.55 and its 200 day moving average is $10.61. The firm has a market capitalization of $765.95 million, a PE ratio of 57.72 and a beta of 1.09. Cantaloupe has a 1 year low of $7.01 and a 1 year high of $11.16. The company has a current ratio of 1.92, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Friday, February 6th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. The company had revenue of $78.71 million during the quarter, compared to the consensus estimate of $84.92 million. Equities research analysts forecast that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cantaloupe

Hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC grew its position in Cantaloupe by 7.7% during the 4th quarter. Hsbc Holdings PLC now owns 2,325,265 shares of the technology company’s stock worth $24,648,000 after acquiring an additional 165,535 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Cantaloupe by 514.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,766 shares of the technology company’s stock valued at $29,000 after purchasing an additional 2,316 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of Cantaloupe by 59.2% during the fourth quarter. Virtu Financial LLC now owns 53,945 shares of the technology company’s stock valued at $573,000 after purchasing an additional 20,062 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Cantaloupe by 20.5% during the fourth quarter. Invesco Ltd. now owns 91,586 shares of the technology company’s stock valued at $973,000 after purchasing an additional 15,595 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Cantaloupe by 13.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,627 shares of the technology company’s stock worth $304,000 after purchasing an additional 3,424 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

About Cantaloupe

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.