Cantaloupe, Inc. (NASDAQ:CTLP) shares shot up 2.1% during mid-day trading on Thursday after an insider bought additional shares in the company. The company traded as high as $8.26 and last traded at $8.11. 272,946 shares were traded during mid-day trading, an increase of 9% from the average session volume of 250,639 shares. The stock had previously closed at $7.94.Specifically, Director Hudson Executive Capital Lp bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 29th. The stock was purchased at an average price of $7.99 per share, with a total value of $159,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sean E. Feeney bought 5,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 18th. The shares were purchased at an average cost of $9.42 per share, with a total value of $48,984.00. The disclosure for this purchase can be found here. Insiders have purchased 56,554 shares of company stock valued at $463,065 in the last ninety days. Corporate insiders own 18.51% of the company’s stock.
A number of analysts have recently commented on CTLP shares. Zacks Investment Research cut Cantaloupe from a “hold” rating to a “sell” rating in a research report on Monday, November 15th. Lake Street Capital boosted their price objective on Cantaloupe from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, September 3rd. Finally, Barrington Research started coverage on Cantaloupe in a research report on Friday, September 3rd. They issued a “buy” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $15.00.
The business has a 50 day simple moving average of $8.59. The company has a market capitalization of $613.87 million, a P/E ratio of -173.00 and a beta of 2.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.81 and a current ratio of 1.95.
Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Thursday, November 4th. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Cantaloupe had a negative return on equity of 2.40% and a negative net margin of 1.92%. The business had revenue of $45.78 million for the quarter, compared to analyst estimates of $46.19 million. During the same quarter in the prior year, the company posted ($0.11) EPS. Equities analysts forecast that Cantaloupe, Inc. will post -0.08 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Cantaloupe in the 2nd quarter valued at $45,295,000. Vanguard Group Inc. purchased a new stake in shares of Cantaloupe in the 2nd quarter valued at $36,302,000. Franklin Resources Inc. purchased a new stake in shares of Cantaloupe in the 2nd quarter valued at $32,618,000. Wasatch Advisors Inc. purchased a new stake in shares of Cantaloupe in the 2nd quarter valued at $31,839,000. Finally, Abrams Capital Management L.P. purchased a new stake in shares of Cantaloupe in the 2nd quarter valued at $24,787,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.
Cantaloupe Company Profile (NASDAQ:CTLP)
Cantaloupe, Inc is a software and payments company, which engages in the provision of end-to-end technology solutions for the unattended retail market. It offers Internet of Things (IoT) and machine-to-machine (M2M) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing the electronic payment solutions.