Cantaloupe, Inc. (NASDAQ:CTLP) Receives Consensus Rating of “Buy” from Analysts

Cantaloupe, Inc. (NASDAQ:CTLP) has been assigned an average rating of “Buy” from the six research firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $9.90.

A number of equities analysts recently weighed in on the company. Benchmark reissued a “buy” rating and set a $10.00 price objective on shares of Cantaloupe in a report on Monday, March 25th. Northland Securities reissued an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a research note on Friday. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research note on Tuesday, May 28th.

Cantaloupe Stock Performance

CTLP traded up $0.06 on Friday, hitting $6.55. The company’s stock had a trading volume of 148,979 shares, compared to its average volume of 305,861. Cantaloupe has a 12 month low of $5.74 and a 12 month high of $8.28. The firm has a market cap of $476.91 million, a P/E ratio of 40.82 and a beta of 1.66. The company has a quick ratio of 1.17, a current ratio of 1.57 and a debt-to-equity ratio of 0.20. The company’s 50 day simple moving average is $6.65 and its 200-day simple moving average is $6.58.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Thursday, May 9th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Cantaloupe had a return on equity of 7.36% and a net margin of 4.85%. The business had revenue of $67.90 million during the quarter, compared to the consensus estimate of $69.57 million. During the same quarter last year, the company earned $0.09 EPS. Analysts forecast that Cantaloupe will post 0.17 EPS for the current year.

Institutional Investors Weigh In On Cantaloupe

Several institutional investors and hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System bought a new position in Cantaloupe in the fourth quarter worth about $38,000. Tower Research Capital LLC TRC grew its holdings in shares of Cantaloupe by 949.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,794 shares of the technology company’s stock worth $80,000 after acquiring an additional 9,765 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Cantaloupe by 23.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock worth $111,000 after acquiring an additional 3,197 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Cantaloupe by 40.5% in the 4th quarter. SG Americas Securities LLC now owns 21,265 shares of the technology company’s stock valued at $158,000 after purchasing an additional 6,125 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its position in shares of Cantaloupe by 11.4% during the first quarter. Jupiter Asset Management Ltd. now owns 34,558 shares of the technology company’s stock valued at $222,000 after purchasing an additional 3,536 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.