William Blair Has Negative Outlook of Cantaloupe Q1 Earnings

Cantaloupe, Inc. (NASDAQ:CTLP) – Equities researchers at William Blair cut their Q1 2025 EPS estimates for shares of Cantaloupe in a research note issued to investors 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 prior 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 brokerages have also commented on CTLP. Craig Hallum cut their price target on Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Wednesday, September 11th. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research note on Friday, September 13th. Finally, Northland Securities reissued an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Friday, July 12th.

Cantaloupe Trading Up 1.3 %

Shares of NASDAQ CTLP opened at $9.25 on Monday. The stock has a market cap of $673.49 million, a price-to-earnings ratio of 57.81 and a beta of 1.71. The business has a 50 day simple moving average of $7.27 and a 200 day simple moving average of $6.88. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $9.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.10 and a current ratio of 1.49.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings data on Tuesday, September 10th. The technology company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Cantaloupe had a net margin of 4.47% and a return on equity of 6.83%. The company had revenue of $72.66 million for the quarter, compared to analyst estimates of $76.14 million. During the same quarter in the prior year, the business earned $0.04 EPS.

Institutional Trading of Cantaloupe

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Inspire Investing LLC bought a new stake in Cantaloupe during the third quarter worth about $416,000. SG Americas Securities LLC bought a new stake in Cantaloupe during the third quarter worth $164,000. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Cantaloupe by 0.9% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,261 shares of the technology company’s stock valued at $10,568,000 after purchasing an additional 14,431 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its stake in shares of Cantaloupe by 7.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,023 shares of the technology company’s stock valued at $357,000 after purchasing an additional 3,690 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Cantaloupe by 15.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock worth $159,000 after buying an additional 3,210 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Transactions at Cantaloupe

In other news, CEO Ravi Venkatesan bought 8,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $6.30 per share, with a total value of $50,400.00. Following the completion of the purchase, the chief executive officer now owns 136,658 shares of the company’s stock, valued at $860,945.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Douglas Bergeron acquired 36,000 shares of the business’s stock in a transaction on Monday, September 30th. The stock was purchased at an average cost of $7.41 per share, for a total transaction of $266,760.00. Following the completion of the transaction, the director now directly owns 462,319 shares of the company’s stock, valued at approximately $3,425,783.79. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ravi Venkatesan purchased 8,000 shares of Cantaloupe stock in a transaction that occurred on Friday, September 13th. The stock was purchased 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 57,866 shares of company stock worth $416,302 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Cantaloupe Company Profile

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.