William Blair Comments on Cantaloupe FY2027 Earnings

Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) - Equities research analysts at William Blair issued their FY2027 earnings estimates for Cantaloupe in a note issued to investors on Thursday, February 6th. William Blair analyst C. Kennedy anticipates that the technology company will post earnings of $0.57 per share for the year. The consensus estimate for Cantaloupe's current full-year earnings is $0.32 per share.

CTLP has been the subject of a number of other reports. Benchmark upped their price target on Cantaloupe from $10.00 to $11.00 and gave the company a "buy" rating in a report on Friday, November 8th. Barrington Research upped their target price on shares of Cantaloupe from $12.00 to $14.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Northland Securities lifted their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th.

Cantaloupe Stock Up 3.1 %

Shares of CTLP traded up $0.33 during mid-day trading on Monday, reaching $11.07. The company's stock had a trading volume of 625,580 shares, compared to its average volume of 368,241. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03. Cantaloupe has a 12-month low of $5.74 and a 12-month high of $11.08. The stock has a market cap of $808.00 million, a PE ratio of 55.35 and a beta of 1.64. The company's 50 day moving average is $9.07 and its 200 day moving average is $8.32.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last posted its earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Cantaloupe had a return on equity of 8.45% and a net margin of 5.40%. During the same period last year, the firm earned $0.04 EPS.

Hedge Funds Weigh In On Cantaloupe

A number of institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC grew its stake in shares of Cantaloupe by 163.2% in the 2nd quarter. Squarepoint Ops LLC now owns 31,228 shares of the technology company's stock valued at $206,000 after purchasing an additional 19,365 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake 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 acquiring an additional 3,210 shares during the last quarter. SG Americas Securities LLC purchased a new position in Cantaloupe during the 3rd quarter valued at about $164,000. Inspire Investing LLC acquired a new stake in shares of Cantaloupe in the third quarter valued at approximately $416,000. Finally, GSA Capital Partners LLP purchased a new stake in Cantaloupe in the 3rd quarter valued at approximately $153,000. 75.75% of the stock is owned by institutional investors and hedge funds.

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.