Cantaloupe, Inc. (NASDAQ:CTLP) COO Ravi Venkatesan Buys 45,001 Shares of Stock
Cantaloupe, Inc. (NASDAQ:CTLP – Get Rating) COO Ravi Venkatesan acquired 45,001 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average cost of $4.52 per share, with a total value of $203,404.52. Following the completion of the purchase, the chief operating officer now owns 70,083 shares of the company’s stock, valued at $316,775.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
CTLP stock opened at $4.68 on Wednesday. The firm has a market cap of $332.80 million, a price-to-earnings ratio of 117.03 and a beta of 2.05. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.72 and a current ratio of 1.93. The firm has a 50-day simple moving average of $5.77 and a two-hundred day simple moving average of $7.12. Cantaloupe, Inc. has a one year low of $4.28 and a one year high of $13.25.
Cantaloupe (NASDAQ:CTLP – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.06. The firm had revenue of $50.30 million during the quarter, compared to analyst estimates of $51.71 million. Cantaloupe had a net margin of 1.55% and a return on equity of 1.98%. During the same period last year, the firm posted ($0.03) EPS. As a group, equities analysts predict that Cantaloupe, Inc. will post -0.01 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Cantaloupe from a “hold” rating to a “strong-buy” rating and set a $5.50 price objective for the company in a research note on Tuesday, May 10th. Barrington Research decreased their price target on shares of Cantaloupe from $15.00 to $13.00 in a research report on Tuesday, May 10th. Finally, Lake Street Capital decreased their price target on shares of Cantaloupe from $14.00 to $8.00 in a research report on Friday, May 6th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $10.88.
Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada acquired a new position in Cantaloupe in the 2nd quarter worth approximately $55,000. Bank of America Corp DE acquired a new position in Cantaloupe in the 2nd quarter worth approximately $334,000. Invesco Ltd. acquired a new position in Cantaloupe in the 2nd quarter worth approximately $288,000. Wells Fargo & Company MN acquired a new position in Cantaloupe in the 2nd quarter worth approximately $2,159,000. Finally, Morgan Stanley acquired a new position in Cantaloupe in the 2nd quarter worth approximately $3,634,000. 83.37% of the stock is owned by hedge funds and other institutional investors.
Cantaloupe Company Profile (Get Rating)
Cantaloupe, Inc, a digital payment and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment devices in the field for the wireless transfer.
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