Shares of Cantaloupe, Inc. (NASDAQ:CTLP – Get Free Report) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $12.24.
A number of equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Cantaloupe from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. Northland Capmk downgraded shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Benchmark downgraded shares of Cantaloupe from a “buy” rating to a “hold” rating in a research report on Tuesday. Barrington Research downgraded shares of Cantaloupe from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, June 16th. Finally, William Blair downgraded shares of Cantaloupe from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th.
View Our Latest Research Report on Cantaloupe
Cantaloupe Price Performance
Cantaloupe (NASDAQ:CTLP – Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Cantaloupe had a net margin of 20.47% and a return on equity of 9.02%. The firm had revenue of $75.43 million for the quarter, compared to analyst estimates of $79.83 million. On average, research analysts forecast that Cantaloupe will post 0.32 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Cantaloupe by 8,886.0% in the 1st quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company’s stock valued at $35,000 after buying an additional 4,443 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Cantaloupe in the 4th quarter valued at $40,000. Parkside Financial Bank & Trust bought a new position in Cantaloupe in the 4th quarter valued at $47,000. New York State Common Retirement Fund boosted its position in Cantaloupe by 75.8% in the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after buying an additional 3,400 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Cantaloupe in the 4th quarter valued at $77,000. 75.75% of the stock is currently owned by institutional investors.
About Cantaloupe
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.
Recommended Stories
- Five stocks we like better than Cantaloupe
- What is the NASDAQ Stock Exchange?
- New All-Time Highs Coming for Broadcom? Wall Street Says Yes
- Profitably Trade Stocks at 52-Week Highs
- Overheated Market? Analysts Watch These Red Flags
- ESG Stocks, What Investors Should Know
- 3 Reasons AMD Could Be the Hottest Stock of the Summer
Receive News & Ratings for Cantaloupe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cantaloupe and related companies with MarketBeat.com's FREE daily email newsletter.