Brokers Issue Forecasts for Cantaloupe, Inc.’s Q4 2024 Earnings (NASDAQ:CTLP)
Cantaloupe, Inc. (NASDAQ:CTLP – Free Report) – William Blair boosted their Q4 2024 EPS estimates for shares of Cantaloupe in a report issued on Friday, March 22nd. William Blair analyst C. Kennedy now anticipates that the technology company will post earnings per share of $0.06 for the quarter, up from their previous forecast of $0.05. The consensus estimate for Cantaloupe’s current full-year earnings is $0.17 per share. William Blair also issued estimates for Cantaloupe’s FY2026 earnings at $0.43 EPS.
Several other research firms have also recently issued reports on CTLP. Barrington Research reissued an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a research report on Wednesday, February 14th. Benchmark assumed coverage on shares of Cantaloupe in a report on Friday, February 23rd. They issued a “buy” rating and a $10.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $9.70.
Get Our Latest Stock Analysis on Cantaloupe
Cantaloupe Price Performance
CTLP opened at $6.26 on Monday. The company’s 50 day simple moving average is $6.54 and its 200 day simple moving average is $6.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.64. Cantaloupe has a 1 year low of $5.12 and a 1 year high of $8.28. The stock has a market capitalization of $455.73 million, a PE ratio of 32.95 and a beta of 1.55.
Cantaloupe (NASDAQ:CTLP – Get Free Report) last released its earnings results on Thursday, February 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Cantaloupe had a net margin of 5.90% and a return on equity of 8.95%. The business had revenue of $65.36 million for the quarter, compared to analysts’ expectations of $66.92 million.
Institutional Trading of Cantaloupe
A number of hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of Cantaloupe during the fourth quarter worth approximately $38,000. Lazard Asset Management LLC acquired a new stake in shares of Cantaloupe during the first quarter worth approximately $40,000. FMR LLC grew its position in shares of Cantaloupe by 101.9% during the third quarter. FMR LLC now owns 6,651 shares of the technology company’s stock worth $42,000 after buying an additional 3,356 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Cantaloupe during the fourth quarter worth approximately $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Cantaloupe during the second quarter worth approximately $49,000. Hedge funds and other institutional investors own 74.45% of the company’s stock.
Insider Activity at Cantaloupe
In related news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total value of $570,666.60. Following the transaction, the insider now owns 9,270,694 shares in the company, valued at $58,405,372.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of Cantaloupe stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total transaction of $570,666.60. Following the sale, the insider now owns 9,270,694 shares in the company, valued at $58,405,372.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ravi Venkatesan acquired 7,749 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $6.45 per share, for a total transaction of $49,981.05. Following the purchase, the chief executive officer now directly owns 128,658 shares of the company’s stock, valued at $829,844.10. The disclosure for this purchase can be found here. 4.30% of the stock is currently owned by insiders.
About Cantaloupe
Cantaloupe, Inc, a digital payments 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, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.
Further Reading
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