B. Riley Brokers Reduce Earnings Estimates for Cantaloupe

Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) - Equities research analysts at B. Riley decreased their Q3 2025 earnings per share estimates for Cantaloupe in a note issued to investors on Thursday, November 7th. B. Riley analyst J. Nichols now expects that the technology company will post earnings per share of $0.09 for the quarter, down from their previous estimate of $0.10. The consensus estimate for Cantaloupe's current full-year earnings is $0.32 per share. B. Riley also issued estimates for Cantaloupe's FY2026 earnings at $0.50 EPS.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its quarterly earnings results on Tuesday, September 10th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The business had revenue of $72.66 million for the quarter, compared to the consensus estimate of $76.14 million. Cantaloupe had a net margin of 4.90% and a return on equity of 7.62%. During the same quarter last year, the business posted $0.04 EPS.

Several other equities research analysts have also issued reports on CTLP. Barrington Research reaffirmed an "outperform" rating and set a $10.00 price target on shares of Cantaloupe in a research note on Monday, November 4th. Benchmark boosted their target price on Cantaloupe from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Friday. Craig Hallum reduced their price target on shares of Cantaloupe from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Finally, Northland Securities boosted their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Monday.

Cantaloupe Price Performance

Shares of NASDAQ CTLP traded up $0.32 during mid-day trading on Monday, reaching $9.19. 280,803 shares of the company were exchanged, compared to its average volume of 336,881. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $9.67. The company's 50 day moving average price is $7.93 and its 200 day moving average price is $7.17. The stock has a market capitalization of $670.78 million, a PE ratio of 52.94 and a beta of 1.68. The company has a quick ratio of 1.10, a current ratio of 1.49 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CTLP. ARS Investment Partners LLC boosted its holdings in Cantaloupe by 3.4% in the second quarter. ARS Investment Partners LLC now owns 50,059 shares of the technology company's stock valued at $330,000 after acquiring an additional 1,650 shares in the last quarter. ClariVest Asset Management LLC raised its stake in Cantaloupe by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company's stock worth $742,000 after buying an additional 3,011 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Cantaloupe by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company's stock worth $111,000 after buying an additional 3,197 shares during the period. The Manufacturers Life Insurance Company boosted its position in Cantaloupe by 15.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company's stock valued at $159,000 after acquiring an additional 3,210 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of Cantaloupe by 11.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 34,558 shares of the technology company's stock worth $222,000 after acquiring an additional 3,536 shares during the period. Institutional investors own 75.75% of the company's stock.

Insider Buying and Selling

In related news, Director Douglas Bergeron acquired 36,000 shares of the company's stock in a transaction dated Monday, September 30th. The stock was purchased at an average price of $7.41 per share, with a total value of $266,760.00. Following the completion of the purchase, the director now owns 462,319 shares in the company, valued at $3,425,783.79. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Douglas Bergeron purchased 36,000 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average cost of $7.41 per share, for a total transaction of $266,760.00. Following the acquisition, the director now directly owns 462,319 shares of the company's stock, valued at $3,425,783.79. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ravi Venkatesan purchased 8,000 shares of the business's stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of $6.30 per share, for a total transaction of $50,400.00. Following the acquisition, the chief executive officer now owns 136,658 shares in the company, valued at approximately $860,945.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 57,866 shares of company stock worth $416,302 in the last ninety days. 6.30% of the stock is owned by insiders.

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.