Cantaloupe (NASDAQ:CTLP) Reaches New 12-Month High – Time to Buy?

Cantaloupe, Inc. (NASDAQ:CTLP) reached a new 52-week high during trading on Monday . The company traded as high as $11.18 and last traded at $11.1850, with a volume of 28826 shares trading hands. The stock had previously closed at $11.00.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings upgraded Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Wall Street Zen upgraded 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cantaloupe presently has a consensus rating of “Hold” and a consensus price target of $12.60.

Cantaloupe Trading Up 0.1%

The company has a current ratio of 1.92, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $10.65 and a 200 day moving average of $10.62. The company has a market cap of $825.66 million, a P/E ratio of 62.22 and a beta of 1.00.

Cantaloupe (NASDAQ:CTLP) last announced its earnings results on Friday, February 6th. The technology company reported $0.04 EPS 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 business had revenue of $78.71 million for the quarter, compared to the consensus estimate of $84.92 million. On average, analysts predict that Cantaloupe, Inc. will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cantaloupe

Institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $29,000 after purchasing an additional 2,316 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Cantaloupe during the 3rd quarter valued at about $32,000. Osaic Holdings Inc. boosted its position in shares of Cantaloupe by 136.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock valued at $52,000 after purchasing an additional 2,737 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Cantaloupe by 2,824.0% during 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 in the last quarter. Finally, US Bancorp DE boosted its holdings in Cantaloupe by 142.2% in the third quarter. US Bancorp DE now owns 5,667 shares of the technology company’s stock worth $60,000 after acquiring an additional 3,327 shares in the last quarter. 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.