Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,330,000 shares, an increase of 7.4% from the November 30th total of 2,170,000 shares. Currently, 3.6% of the shares of the company are sold short. Based on an average trading volume of 445,900 shares, the days-to-cover ratio is currently 5.2 days.
Cantaloupe Price Performance
Shares of NASDAQ:CTLP traded down $0.18 during trading on Thursday, reaching $9.33. The company had a trading volume of 314,150 shares, compared to its average volume of 345,758. The firm's fifty day moving average is $9.26 and its 200 day moving average is $7.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The firm has a market capitalization of $680.96 million, a PE ratio of 54.89 and a beta of 1.66. Cantaloupe has a twelve month low of $5.74 and a twelve month high of $10.48.
Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, hitting analysts' consensus estimates of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The firm had revenue of $70.84 million during the quarter, compared to the consensus estimate of $70.54 million. During the same period in the prior year, the firm posted $0.02 earnings per share. On average, equities analysts forecast that Cantaloupe will post 0.32 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on CTLP. Benchmark upped their price objective on Cantaloupe from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Craig Hallum lowered their price target on shares of Cantaloupe from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Barrington Research reaffirmed an "outperform" rating and issued a $10.00 price objective on shares of Cantaloupe in a report on Monday, November 4th. Finally, Northland Securities boosted their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the company an "outperform" rating in a research note on Monday, November 11th.
Read Our Latest Stock Report on CTLP
Institutional Investors Weigh In On Cantaloupe
A number of institutional investors and hedge funds have recently bought and sold shares of CTLP. Quarry LP acquired a new position in shares of Cantaloupe in the 3rd quarter worth approximately $26,000. Quantbot Technologies LP increased its holdings in shares of Cantaloupe by 34.0% in the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company's stock valued at $116,000 after buying an additional 3,975 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Cantaloupe during the 3rd quarter worth $119,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cantaloupe by 68.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company's stock worth $152,000 after acquiring an additional 9,374 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Cantaloupe during the third quarter worth $153,000. 75.75% of the stock is owned by institutional investors and hedge funds.
Cantaloupe Company Profile
(
Get Free Report)
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.
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