Craig Hallum Downgrades Cantaloupe (NASDAQ:CTLP) to Hold

Craig Hallum lowered shares of Cantaloupe (NASDAQ:CTLP) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other research analysts also recently commented on the stock. Northland Capmk downgraded shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. B. Riley downgraded shares of Cantaloupe from a “buy” rating to a “neutral” rating and cut their target price for the company from $11.50 to $11.20 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. Benchmark downgraded shares of Cantaloupe from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Cantaloupe from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Cantaloupe has a consensus rating of “Hold” and a consensus price target of $12.24.

Cantaloupe Trading Down 0.1%

CTLP stock opened at $10.98 on Tuesday. The company has a market capitalization of $802.20 million, a PE ratio of 13.90 and a beta of 1.09. Cantaloupe has a 12 month low of $5.82 and a 12 month high of $11.36. The firm’s 50-day moving average is $8.45 and its 200 day moving average is $8.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.79 and a quick ratio of 1.22.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $75.43 million during the quarter, compared to analysts’ expectations of $79.83 million. Cantaloupe had a return on equity of 9.02% and a net margin of 20.47%. On average, research analysts anticipate that Cantaloupe will post 0.32 EPS for the current year.

Institutional Trading of Cantaloupe

A number of institutional investors have recently modified their holdings of CTLP. Farther Finance Advisors LLC boosted its holdings in shares of 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 in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Cantaloupe in the 4th quarter valued at about $40,000. Parkside Financial Bank & Trust bought a new stake in shares of Cantaloupe in the 4th quarter valued at about $47,000. New York State Common Retirement Fund boosted its holdings in shares of 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 in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Cantaloupe in the 4th quarter valued at about $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.