Cantaloupe, Inc. (NASDAQ:CTLP) Receives $12.60 Average Price Target from Analysts

Shares of Cantaloupe, Inc. (NASDAQ:CTLP) have been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $12.60.

CTLP has been the subject of a number of recent analyst reports. Zacks Research raised Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Wall Street Zen upgraded Cantaloupe to a “hold” rating in a report on Saturday, February 21st. Finally, Weiss Ratings upgraded Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 9th.

Institutional Investors Weigh In On Cantaloupe

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Cantaloupe in the 1st quarter valued at $731,000. Versor Investments LP acquired a new stake in shares of Cantaloupe in the second quarter valued at about $3,901,000. Alpine Associates Management Inc. bought a new position in shares of Cantaloupe in the second quarter valued at $12,053,000. Cornerstone Investment Partners LLC acquired a new stake in Cantaloupe in the 2nd quarter valued at about $193,000. Finally, Credit Industriel ET Commercial bought a new stake in Cantaloupe in the 2nd quarter valued at $1,126,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Stock Down 0.8%

CTLP stock opened at $10.27 on Monday. The stock has a market capitalization of $757.10 million, a price-to-earnings ratio of 57.06 and a beta of 1.09. The company has a 50-day moving average of $10.57 and a two-hundred day moving average of $10.63. Cantaloupe has a 52-week low of $7.01 and a 52-week high of $11.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.31.

Cantaloupe (NASDAQ:CTLP) last announced 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 company 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%. As a group, equities research analysts anticipate that Cantaloupe will post 0.32 EPS for the current year.

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.