William Blair Weighs in on Cantaloupe, Inc.’s Q4 2024 Earnings (NASDAQ:CTLP)

Cantaloupe, Inc. (NASDAQ:CTLPFree Report) – Stock analysts at William Blair lifted their Q4 2024 EPS estimates for shares of Cantaloupe in a report issued on Friday, March 22nd. William Blair analyst C. Kennedy now expects that the technology company will post earnings of $0.06 per share for the quarter, up from their prior estimate of $0.05. The consensus estimate for Cantaloupe’s current full-year earnings is $0.17 per share. William Blair also issued estimates for Cantaloupe’s FY2026 earnings at $0.43 EPS.

CTLP has been the topic of several other reports. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Wednesday, February 14th. Benchmark reissued a “buy” rating and set a $10.00 price objective on shares of Cantaloupe in a research report on Monday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $9.70.

Read Our Latest Research Report on CTLP

Cantaloupe Stock Up 0.6 %

Shares of NASDAQ CTLP opened at $6.30 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.64 and a debt-to-equity ratio of 0.21. Cantaloupe has a 52 week low of $5.21 and a 52 week high of $8.28. The firm’s fifty day moving average is $6.52 and its 200 day moving average is $6.73. The company has a market cap of $458.62 million, a price-to-earnings ratio of 33.16 and a beta of 1.55.

Cantaloupe (NASDAQ:CTLPGet Free Report) last issued its earnings results on Thursday, February 8th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Cantaloupe had a net margin of 5.90% and a return on equity of 8.95%. The company had revenue of $65.36 million for the quarter, compared to the consensus estimate of $66.92 million.

Insider Transactions at Cantaloupe

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 value of $570,666.60. Following the sale, the insider now directly owns 9,270,694 shares of the company’s stock, valued at approximately $58,405,372.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 value of $570,666.60. Following the transaction, the insider now owns 9,270,694 shares in the company, valued at approximately $58,405,372.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ravi Venkatesan purchased 7,749 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $6.45 per share, for a total transaction of $49,981.05. Following the purchase, the chief executive officer now owns 128,658 shares in the company, valued at $829,844.10. The disclosure for this purchase can be found here. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Cantaloupe

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System bought a new position in Cantaloupe during the 4th quarter valued at about $38,000. Lazard Asset Management LLC bought a new position in Cantaloupe during the 1st quarter valued at about $40,000. FMR LLC lifted its stake in Cantaloupe by 101.9% during the 3rd quarter. FMR LLC now owns 6,651 shares of the technology company’s stock valued at $42,000 after acquiring an additional 3,356 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Cantaloupe in the 2nd quarter worth approximately $49,000. Finally, Principal Financial Group Inc. bought a new position in shares of Cantaloupe in the 1st quarter worth approximately $72,000. Institutional investors own 74.45% of the company’s stock.

About Cantaloupe

(Get Free Report)

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.

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Earnings History and Estimates for Cantaloupe (NASDAQ:CTLP)

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