Greenwood Capital Associates LLC lowered its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP – Free Report) by 18.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 152,084 shares of the technology company’s stock after selling 33,864 shares during the period. Greenwood Capital Associates LLC owned approximately 0.21% of Cantaloupe worth $1,446,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CTLP. The Manufacturers Life Insurance Company lifted its position in Cantaloupe by 15.4% during the second quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock valued at $159,000 after purchasing an additional 3,210 shares during the period. Quarry LP bought a new stake in Cantaloupe in the 3rd quarter worth approximately $26,000. Quantbot Technologies LP raised its stake in Cantaloupe by 34.0% during the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock valued at $116,000 after buying an additional 3,975 shares during the last quarter. Zacks Investment Management lifted its holdings in shares of Cantaloupe by 18.0% during the 3rd quarter. Zacks Investment Management now owns 32,586 shares of the technology company’s stock valued at $241,000 after buying an additional 4,971 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Cantaloupe by 25.3% in the 4th quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company’s stock worth $265,000 after buying an additional 5,612 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on CTLP. Barrington Research reiterated an “outperform” rating and set a $12.00 price objective on shares of Cantaloupe in a research report on Monday. Northland Securities upped their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Benchmark raised their price objective on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th.
Cantaloupe Stock Performance
NASDAQ:CTLP opened at $8.22 on Tuesday. The stock has a 50-day simple moving average of $8.98 and a two-hundred day simple moving average of $8.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. Cantaloupe, Inc. has a 52-week low of $5.74 and a 52-week high of $10.48. The firm has a market capitalization of $599.61 million, a PE ratio of 48.23 and a beta of 1.64.
Cantaloupe (NASDAQ:CTLP – Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The company had revenue of $70.84 million during the quarter, compared to the consensus estimate of $70.54 million. During the same period in the previous year, the company posted $0.02 EPS. Analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current year.
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.
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