Brokerages Set Cantaloupe, Inc. (NASDAQ:CTLP) Price Target at $12.60

by · The Markets Daily

Shares of Cantaloupe, Inc. (NASDAQ:CTLP – Get Free Report) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.60.

A number of analysts have recently issued reports on CTLP shares. Zacks Research raised shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Wall Street Zen raised shares of 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 note on Monday, February 9th.

Check Out Our Latest Analysis on CTLP

Institutional Trading of Cantaloupe

Institutional investors have recently made changes to their positions in the business. Magnetar Financial LLC raised its stake in Cantaloupe by 0.3% during the 4th quarter. Magnetar Financial LLC now owns 3,654,521 shares of the technology company’s stock valued at $38,811,000 after purchasing an additional 11,852 shares during the period. Vanguard Group Inc. boosted its stake in Cantaloupe by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,537,756 shares of the technology company’s stock worth $37,394,000 after purchasing an additional 50,430 shares during the period. Disciplined Growth Investors Inc. MN grew its holdings in Cantaloupe by 60.1% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 3,173,351 shares of the technology company’s stock valued at $34,875,000 after buying an additional 1,191,748 shares in the last quarter. FIL Ltd grew its holdings in Cantaloupe by 0.4% during the 4th quarter. FIL Ltd now owns 2,947,889 shares of the technology company’s stock valued at $31,307,000 after buying an additional 13,138 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Cantaloupe by 69.1% during the third quarter. Alliancebernstein L.P. now owns 2,942,067 shares of the technology company’s stock valued at $31,098,000 after buying an additional 1,201,841 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Trading Down 0.8%

Shares of NASDAQ:CTLP opened at $10.27 on Monday. The stock has a 50 day moving average of $10.57 and a 200 day moving average of $10.62. The company has a market cap of $757.10 million, a PE ratio of 57.06 and a beta of 1.09. Cantaloupe has a 12-month low of $7.01 and a 12-month high of $11.16. 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 – Get Free Report) last released its earnings results on Friday, February 6th. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%.The firm had revenue of $78.71 million for the quarter, compared to the consensus estimate of $84.92 million. As a group, equities research analysts expect that Cantaloupe will post 0.32 EPS for the current year.

About Cantaloupe

(Get Free Report)

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.

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