Cantaloupe, Inc. (NASDAQ:CTLP) Receives $12.60 Consensus Target Price from Brokerages

Shares of Cantaloupe, Inc. (NASDAQ:CTLP) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $12.60.

Several analysts recently issued reports on the company. Weiss Ratings upgraded Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Wall Street Zen raised Cantaloupe to a “hold” rating in a research report on Saturday, February 21st.

Hedge Funds Weigh In On Cantaloupe

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd grew 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 acquiring an additional 2,316 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Cantaloupe during the third quarter worth $32,000. Osaic Holdings Inc. boosted its stake in shares of Cantaloupe by 136.2% in the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock valued at $52,000 after purchasing an additional 2,737 shares during the period. Russell Investments Group Ltd. grew its holdings in Cantaloupe by 2,824.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company’s stock valued at $55,000 after purchasing an additional 5,055 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Cantaloupe by 142.2% during the 3rd quarter. US Bancorp DE now owns 5,667 shares of the technology company’s stock valued at $60,000 after purchasing an additional 3,327 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Trading Down 0.2%

Shares of CTLP stock opened at $10.76 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. Cantaloupe has a fifty-two week low of $7.56 and a fifty-two week high of $11.16. The firm’s 50 day moving average price is $10.56 and its two-hundred day moving average price is $10.61. The stock has a market cap of $793.23 million, a price-to-earnings ratio of 59.78 and a beta of 1.02.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Friday, February 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). The business had revenue of $78.71 million during the quarter, compared to analyst estimates of $84.92 million. Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%. On average, analysts anticipate that Cantaloupe will post 0.42 EPS for the current year.

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.