Research Analysts Issue Forecasts for Cantaloupe Q1 Earnings

Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) - Equities research analysts at William Blair decreased their Q1 2025 earnings estimates for Cantaloupe in a research note issued on Friday, October 18th. William Blair analyst C. Kennedy now forecasts that the technology company will earn $0.05 per share for the quarter, down from their previous forecast of $0.07. The consensus estimate for Cantaloupe's current full-year earnings is $0.31 per share. William Blair also issued estimates for Cantaloupe's Q3 2025 earnings at $0.09 EPS and Q4 2025 earnings at $0.09 EPS.

A number of other research firms also recently commented on CTLP. Barrington Research reaffirmed an "outperform" rating and issued a $10.00 price target on shares of Cantaloupe in a research note on Friday, September 13th. Northland Securities reaffirmed an "outperform" rating and set a $10.00 price target on shares of Cantaloupe in a report on Friday, July 12th. Craig Hallum decreased their price objective on shares of Cantaloupe from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. Finally, Benchmark restated a "buy" rating and set a $10.00 target price on shares of Cantaloupe in a research note on Wednesday, September 11th.

Cantaloupe Price Performance

Shares of NASDAQ:CTLP traded down $0.01 during trading on Monday, reaching $9.24. 335,704 shares of the company traded hands, compared to its average volume of 332,102. The firm has a market capitalization of $672.76 million, a PE ratio of 57.81 and a beta of 1.71. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $9.35. The company has a quick ratio of 1.10, a current ratio of 1.49 and a debt-to-equity ratio of 0.20. The company's 50 day moving average is $7.27 and its two-hundred day moving average is $6.88.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its quarterly earnings data on Tuesday, September 10th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $72.66 million during the quarter, compared to analyst estimates of $76.14 million. Cantaloupe had a return on equity of 6.83% and a net margin of 4.47%. During the same quarter last year, the firm earned $0.04 EPS.

Hedge Funds Weigh In On Cantaloupe

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

Insider Buying and Selling at Cantaloupe

In other Cantaloupe news, CEO Ravi Venkatesan acquired 8,000 shares of Cantaloupe stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $6.30 per share, with a total value of $50,400.00. Following the completion of the purchase, the chief executive officer now directly owns 136,658 shares in the company, valued at $860,945.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Ravi Venkatesan acquired 8,000 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of $6.30 per share, for a total transaction of $50,400.00. Following the completion of the transaction, the chief executive officer now directly owns 136,658 shares in the company, valued at $860,945.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas Bergeron purchased 13,866 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were acquired at an average price of $7.15 per share, with a total value of $99,141.90. Following the completion of the acquisition, the director now owns 192,185 shares in the company, valued at approximately $1,374,122.75. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 57,866 shares of company stock worth $416,302. 4.30% of the stock is currently owned by company 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.