Cantaloupe (NASDAQ:CTLP) Stock Rating Upgraded by Wall Street Zen

Cantaloupe (NASDAQ:CTLP) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also weighed in on the stock. Zacks Research raised shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings upgraded shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.73.

Cantaloupe Trading Up 0.9%

Shares of CTLP stock opened at $10.27 on Friday. Cantaloupe has a twelve month low of $7.01 and a twelve month high of $11.36. The stock’s fifty day simple moving average is $10.62 and its 200 day simple moving average is $10.67. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $757.10 million, a P/E ratio of 57.06 and a beta of 1.09.

Cantaloupe (NASDAQ:CTLP) last posted its earnings results on Friday, February 6th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The firm had revenue of $78.71 million during the quarter, compared to the consensus estimate of $84.92 million. Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. As a group, sell-side analysts predict that Cantaloupe will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Cantaloupe

Hedge funds and other institutional investors have recently bought and sold shares of the company. Magnetar Financial LLC grew its holdings in Cantaloupe by 10,162.7% during the 2nd quarter. Magnetar Financial LLC now owns 3,257,595 shares of the technology company’s stock worth $35,801,000 after acquiring an additional 3,225,853 shares during the period. Beryl Capital Management LLC bought a new stake in shares of Cantaloupe during the 2nd quarter valued at about $27,709,000. Alliancebernstein L.P. boosted its position in shares of Cantaloupe by 3,808.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,740,226 shares of the technology company’s stock valued at $19,125,000 after purchasing an additional 1,695,696 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in Cantaloupe during the third quarter worth approximately $16,433,000. Finally, Qube Research & Technologies Ltd grew its stake in Cantaloupe by 346.8% during the third quarter. Qube Research & Technologies Ltd now owns 1,936,945 shares of the technology company’s stock worth $20,474,000 after purchasing an additional 1,503,453 shares during the period. Institutional investors and hedge funds 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.