Cantaloupe (NASDAQ:CTLP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cantaloupe (NASDAQ:CTLP) to a hold rating in a research report released on Saturday.

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

Cantaloupe Stock Performance

Shares of CTLP stock opened at $10.27 on Friday. The business’s 50-day moving average price is $10.61 and its 200-day moving average price is $10.66. Cantaloupe has a 12 month low of $7.01 and a 12 month high of $11.36. The firm 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 current ratio of 1.92, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

Cantaloupe (NASDAQ:CTLP) last released 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 firm had revenue of $78.71 million during the quarter, compared to analyst estimates of $84.92 million. Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. Equities research analysts forecast that Cantaloupe will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Cantaloupe

Institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new stake in shares of Cantaloupe during the 3rd quarter worth approximately $32,000. Osaic Holdings Inc. boosted its stake in Cantaloupe by 136.2% during the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock worth $52,000 after acquiring an additional 2,737 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Cantaloupe by 2,824.0% in the third quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company’s stock worth $55,000 after purchasing an additional 5,055 shares during the period. US Bancorp DE increased its stake in Cantaloupe by 142.2% in the third 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. Finally, BNP Paribas Financial Markets increased its stake in Cantaloupe by 55.6% in the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock valued at $63,000 after purchasing an additional 2,063 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

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.