Cantaloupe, Inc. (NASDAQ:CTLP) Receives $9.70 Consensus PT from Analysts

Cantaloupe, Inc. (NASDAQ:CTLP) has been assigned a consensus rating of “Buy” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.70.

A number of equities research analysts have recently issued reports on CTLP shares. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research note on Wednesday, February 14th. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Cantaloupe in a research note on Monday, March 25th.

Cantaloupe Price Performance

Shares of NASDAQ:CTLP opened at $6.26 on Friday. Cantaloupe has a one year low of $5.36 and a one year high of $8.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.64 and a quick ratio of 1.20. The firm has a market capitalization of $455.71 million, a price-to-earnings ratio of 32.95 and a beta of 1.55. The company’s fifty day moving average price is $6.40 and its 200-day moving average price is $6.72.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Cantaloupe had a return on equity of 8.95% and a net margin of 5.90%. The business had revenue of $65.36 million for the quarter, compared to the consensus estimate of $66.92 million. On average, equities research analysts anticipate that Cantaloupe will post 0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total transaction of $570,666.60. Following the completion of the transaction, the insider now directly owns 9,270,694 shares of the company’s stock, valued at $58,405,372.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of Cantaloupe stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $6.30, for a total transaction of $570,666.60. Following the sale, the insider now directly owns 9,270,694 shares in the company, valued at $58,405,372.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ravi Venkatesan acquired 7,749 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $6.45 per share, for a total transaction of $49,981.05. Following the purchase, the chief executive officer now directly owns 128,658 shares of the company’s stock, valued at $829,844.10. The disclosure for this purchase can be found here. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CTLP. Charles Schwab Investment Management Inc. raised its position in Cantaloupe by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 435,516 shares of the technology company’s stock worth $3,227,000 after buying an additional 1,769 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Cantaloupe by 2.2% during the third quarter. Rhumbline Advisers now owns 81,384 shares of the technology company’s stock valued at $509,000 after purchasing an additional 1,778 shares during the last quarter. Jane Street Group LLC lifted its position in Cantaloupe by 17.5% during the second quarter. Jane Street Group LLC now owns 16,586 shares of the technology company’s stock valued at $93,000 after purchasing an additional 2,467 shares during the period. Worth Venture Partners LLC boosted its holdings in Cantaloupe by 18.4% in the second quarter. Worth Venture Partners LLC now owns 15,978 shares of the technology company’s stock worth $127,000 after purchasing an additional 2,478 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Cantaloupe by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 221,974 shares of the technology company’s stock worth $1,503,000 after purchasing an additional 2,611 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.