Cantaloupe (NASDAQ:CTLP) Upgraded by Wall Street Zen to “Hold” Rating

Cantaloupe (NASDAQ:CTLP) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued reports about the company. Weiss Ratings raised Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Zacks Research upgraded Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. One equities research 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, Cantaloupe currently has an average rating of “Hold” and an average target price of $12.73.

Cantaloupe Stock Up 0.9%

Shares of NASDAQ CTLP opened at $10.27 on Friday. The firm 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 $11.36. The company’s fifty day simple moving average is $10.62 and its 200 day simple moving average is $10.67. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. The company had revenue of $78.71 million during the quarter, compared to the consensus estimate of $84.92 million. As a group, sell-side analysts forecast that Cantaloupe will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cantaloupe

A number of institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in shares of Cantaloupe during the third quarter valued at approximately $32,000. Osaic Holdings Inc. boosted its position in Cantaloupe by 136.2% in the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock worth $52,000 after purchasing an additional 2,737 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Cantaloupe by 2,824.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company’s stock valued at $55,000 after purchasing an additional 5,055 shares during the period. US Bancorp DE increased its position in shares of Cantaloupe by 142.2% during the 3rd 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 during the last quarter. Finally, BNP Paribas Financial Markets raised its stake 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 worth $63,000 after purchasing an additional 2,063 shares during the period. 75.75% of the stock is 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.