Analysts Set Cantaloupe, Inc. (NASDAQ:CTLP) Target Price at $12.60

Shares of Cantaloupe, Inc. (NASDAQ:CTLP) have been given an average rating of “Hold” by the eight research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $12.60.

A number of brokerages have weighed in on CTLP. Wall Street Zen raised shares of Cantaloupe to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings raised shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 9th.

Cantaloupe Stock Performance

Shares of NASDAQ:CTLP opened at $10.60 on Friday. The firm has a market capitalization of $781.43 million, a PE ratio of 58.89 and a beta of 1.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.31. The business has a 50-day moving average of $10.51 and a two-hundred day moving average of $10.59. Cantaloupe has a 12 month low of $7.01 and a 12 month high of $11.16.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Friday, February 6th. The technology company reported $0.04 earnings per share 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 firm had revenue of $78.71 million during the quarter, compared to analyst estimates of $84.92 million. As a group, research analysts forecast that Cantaloupe will post 0.32 earnings per share for the current year.

Institutional Trading of Cantaloupe

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of Cantaloupe during the first quarter worth about $731,000. Geode Capital Management LLC raised its holdings in shares of Cantaloupe by 17.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,637,446 shares of the technology company’s stock valued at $17,997,000 after buying an additional 244,659 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in Cantaloupe by 10.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,428 shares of the technology company’s stock worth $148,000 after acquiring an additional 1,268 shares in the last quarter. Creative Planning acquired a new position in Cantaloupe during the 2nd quarter worth approximately $310,000. Finally, JPMorgan Chase & Co. boosted its holdings in Cantaloupe by 69.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 167,611 shares of the technology company’s stock worth $1,842,000 after acquiring an additional 68,470 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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.