Virtu Financial LLC Invests $156,000 in Cantaloupe, Inc. (NASDAQ:CTLP)

Virtu Financial LLC bought a new stake in Cantaloupe, Inc. (NASDAQ:CTLP) in the 3rd quarter, Holdings Channel.com reports. The firm bought 21,146 shares of the technology company’s stock, valued at approximately $156,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ClariVest Asset Management LLC raised its stake in Cantaloupe by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company’s stock valued at $742,000 after buying an additional 3,011 shares during the period. The Manufacturers Life Insurance Company raised 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 period. Quarry LP acquired a new stake in Cantaloupe during the 3rd quarter valued at $26,000. Susquehanna Fundamental Investments LLC boosted its position in Cantaloupe by 7.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 54,023 shares of the technology company’s stock worth $357,000 after purchasing an additional 3,690 shares during the period. Finally, Quantbot Technologies LP increased its holdings in shares of Cantaloupe by 34.0% in the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock valued at $116,000 after purchasing an additional 3,975 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CTLP shares. Northland Securities raised their target price 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. Benchmark raised their price objective on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barrington Research reiterated an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a research report on Monday, November 4th. Finally, Craig Hallum reduced their target price on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th.

Cantaloupe Price Performance

Shares of NASDAQ CTLP opened at $9.84 on Thursday. Cantaloupe, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $10.48. The business has a fifty day moving average price of $9.17 and a two-hundred day moving average price of $7.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03. The stock has a market capitalization of $718.18 million, a PE ratio of 57.89 and a beta of 1.66.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. The company had revenue of $70.84 million during the quarter, compared to analysts’ expectations of $70.54 million. During the same period in the previous year, the company earned $0.02 EPS. As a group, equities analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Cantaloupe

In other Cantaloupe news, Director Douglas Bergeron acquired 36,000 shares of Cantaloupe stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average cost of $7.41 per share, with a total value of $266,760.00. Following the completion of the purchase, the director now directly owns 462,319 shares of the company’s stock, valued at $3,425,783.79. This represents a 8.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.30% of the company’s stock.

Cantaloupe 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.