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

Shares of Cantaloupe, Inc. (NASDAQ:CTLP) have earned an average rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $12.60.

A number of equities research analysts have recently issued reports on CTLP shares. Weiss Ratings upgraded shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Wall Street Zen upgraded shares of Cantaloupe to a “hold” rating in a research note on Saturday, February 21st.

Cantaloupe Stock Performance

Shares of CTLP stock opened at $11.20 on Friday. Cantaloupe has a 12 month low of $7.57 and a 12 month high of $11.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.83 and a quick ratio of 1.31. The firm has a market capitalization of $825.66 million, a P/E ratio of 62.22 and a beta of 1.00. The company’s fifty day moving average price is $10.78 and its two-hundred day moving average price is $10.66.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.03) EPS for the quarter. Cantaloupe had a return on equity of 4.94% and a net margin of 1.15%.The firm had revenue of $78.69 million during the quarter.

Institutional Investors Weigh In On Cantaloupe

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its stake in shares of Cantaloupe by 514.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,766 shares of the technology company’s stock valued at $29,000 after purchasing an additional 2,316 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Cantaloupe in the 3rd quarter valued at about $32,000. Osaic Holdings Inc. raised its stake in shares of Cantaloupe by 136.2% in the 2nd 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 in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Cantaloupe by 2,824.0% in 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 raised its stake in shares of Cantaloupe by 142.2% in 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. Institutional investors and hedge funds own 75.75% of the company’s stock.

About Cantaloupe

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.