Cantaloupe (NASDAQ:CTLP) Announces Earnings Results

Cantaloupe (NASDAQ:CTLP) released its quarterly earnings results on Wednesday. The technology company reported ($0.03) EPS for the quarter, FiscalAI reports. The company had revenue of $78.69 million during the quarter. Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%.

Cantaloupe Stock Performance

CTLP remained flat at $11.20 during midday trading on Wednesday. 2,128,527 shares of the company’s stock were exchanged, compared to its average volume of 1,347,606. Cantaloupe has a 52-week low of $7.57 and a 52-week high of $11.20. The business’s 50-day moving average price is $10.67 and its 200-day moving average price is $10.63. The company has a market capitalization of $825.66 million, a PE ratio of 62.22 and a beta of 1.00. The company has a current ratio of 1.92, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

A number of research firms recently commented on CTLP. Weiss Ratings raised Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Wall Street Zen raised Cantaloupe to a “hold” rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.60.

Hedge Funds Weigh In On Cantaloupe

Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in Cantaloupe by 27.1% during the fourth quarter. Russell Investments Group Ltd. now owns 6,651 shares of the technology company’s stock valued at $71,000 after purchasing an additional 1,417 shares during the period. Inspire Investing LLC lifted its position in shares of Cantaloupe by 3.4% during the 4th quarter. Inspire Investing LLC now owns 44,076 shares of the technology company’s stock valued at $468,000 after buying an additional 1,466 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Cantaloupe by 55.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock valued at $63,000 after buying an additional 2,063 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Cantaloupe by 41.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,940 shares of the technology company’s stock worth $87,000 after acquiring an additional 2,315 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Cantaloupe by 514.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,766 shares of the technology company’s stock worth $29,000 after acquiring an additional 2,316 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

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.