Cantaloupe’s (CTLP) “Hold” Rating Reaffirmed at Benchmark

Cantaloupe (NASDAQ:CTLP)‘s stock had its “hold” rating reissued by analysts at Benchmark in a report issued on Tuesday,Benzinga reports.

A number of other brokerages have also issued reports on CTLP. Barrington Research reiterated an “underperform” rating on shares of Cantaloupe in a research report on Monday. Wall Street Zen cut shares of Cantaloupe from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. William Blair lowered shares of Cantaloupe from an “outperform” rating to a “market perform” rating in a research note on Monday. Finally, B. Riley lowered Cantaloupe from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $11.50 to $11.20 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.24.

Cantaloupe Stock Down 0.0%

Shares of CTLP stock traded down $0.01 on Tuesday, hitting $10.99. The stock had a trading volume of 365,438 shares, compared to its average volume of 561,205. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $8.32 and a 200 day moving average price of $8.72. Cantaloupe has a one year low of $5.82 and a one year high of $11.36. The company has a market cap of $802.54 million, a PE ratio of 54.88 and a beta of 1.09.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $75.43 million for the quarter, compared to analysts’ expectations of $79.83 million. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. Research analysts anticipate that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cantaloupe

A number of hedge funds and other institutional investors have recently made changes to their positions in CTLP. Farther Finance Advisors LLC raised its position in Cantaloupe by 8,886.0% in the first quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company’s stock valued at $35,000 after purchasing an additional 4,443 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cantaloupe during the fourth quarter valued at approximately $40,000. Parkside Financial Bank & Trust acquired a new position in shares of Cantaloupe during the fourth quarter worth $47,000. New York State Common Retirement Fund boosted its stake in shares of Cantaloupe by 75.8% in the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after purchasing an additional 3,400 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of Cantaloupe in the fourth quarter valued at $77,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.