Cantaloupe, Inc. (NASDAQ:CTLP) Receives $12.73 Average PT from Brokerages

Cantaloupe, Inc. (NASDAQ:CTLP) has been assigned an average rating of “Reduce” from the eight analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.7333.

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

Cantaloupe Trading Down 0.1%

NASDAQ:CTLP opened at $10.66 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.81 and a quick ratio of 1.28. Cantaloupe has a one year low of $7.01 and a one year high of $11.36. The firm has a 50-day moving average of $10.68 and a 200-day moving average of $10.72. The company has a market cap of $785.64 million, a PE ratio of 50.76 and a beta of 1.09.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Friday, February 6th. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The business had revenue of $78.71 million during the quarter, compared to analysts’ expectations of $84.92 million. Cantaloupe had a return on equity of 9.58% and a net margin of 19.21%. As a group, equities research analysts expect that Cantaloupe will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Magnetar Financial LLC raised its holdings in Cantaloupe by 11.8% during the 3rd quarter. Magnetar Financial LLC now owns 3,642,669 shares of the technology company’s stock valued at $38,503,000 after buying an additional 385,074 shares during the last quarter. Vanguard Group Inc. grew its holdings in Cantaloupe by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,537,756 shares of the technology company’s stock worth $37,394,000 after acquiring an additional 50,430 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of Cantaloupe by 60.1% in the second quarter. Disciplined Growth Investors Inc. MN now owns 3,173,351 shares of the technology company’s stock valued at $34,875,000 after acquiring an additional 1,191,748 shares during the period. Alliancebernstein L.P. increased its position in shares of Cantaloupe by 69.1% in the third quarter. Alliancebernstein L.P. now owns 2,942,067 shares of the technology company’s stock valued at $31,098,000 after acquiring an additional 1,201,841 shares during the period. Finally, Beryl Capital Management LLC bought a new position in shares of Cantaloupe during the second quarter valued at about $27,709,000. Institutional investors own 75.75% of the company’s stock.

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.