Cantaloupe (NASDAQ:CTLP) Shares Pass Above Two Hundred Day Moving Average of $6.63

Cantaloupe, Inc. (NASDAQ:CTLP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.63 and traded as high as $6.72. Cantaloupe shares last traded at $6.72, with a volume of 334,444 shares.

Wall Street Analysts Forecast Growth

CTLP has been the topic of a number of analyst reports. Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a research report on Wednesday, May 15th. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Cantaloupe in a report on Monday, March 25th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Cantaloupe presently has a consensus rating of “Buy” and a consensus price target of $9.88.

Cantaloupe Stock Performance

The stock has a fifty day simple moving average of $6.28 and a two-hundred day simple moving average of $6.63. The stock has a market cap of $489.28 million, a price-to-earnings ratio of 42.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.57.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Cantaloupe had a return on equity of 7.36% and a net margin of 4.85%. The company had revenue of $67.90 million for the quarter, compared to the consensus estimate of $69.57 million. During the same quarter last year, the business posted $0.09 EPS. Analysts expect that Cantaloupe, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Cantaloupe

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Cantaloupe by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,331,780 shares of the technology company’s stock valued at $20,824,000 after acquiring an additional 46,252 shares in the last quarter. Nierenberg Investment Management Company Inc. boosted its holdings in shares of Cantaloupe by 8.6% during the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 2,631,436 shares of the technology company’s stock valued at $16,446,000 after acquiring an additional 209,078 shares in the last quarter. Deutsche Bank AG raised its position in Cantaloupe by 14.3% during the 3rd quarter. Deutsche Bank AG now owns 2,029,926 shares of the technology company’s stock worth $12,687,000 after purchasing an additional 254,203 shares during the last quarter. Archon Capital Management LLC raised its position in Cantaloupe by 8.2% during the 1st quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company’s stock worth $9,221,000 after purchasing an additional 108,423 shares during the last quarter. Finally, Towerview LLC raised its position in Cantaloupe by 2.2% during the 4th quarter. Towerview LLC now owns 230,000 shares of the technology company’s stock worth $1,704,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

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.