Wasatch Advisors LP Trims Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Wasatch Advisors LP reduced its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 15.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,243,612 shares of the technology company’s stock after selling 223,290 shares during the period. Wasatch Advisors LP owned approximately 1.71% of Cantaloupe worth $7,996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in shares of Cantaloupe during the fourth quarter worth about $38,000. Tower Research Capital LLC TRC lifted its position in shares of Cantaloupe by 949.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,794 shares of the technology company’s stock worth $80,000 after purchasing an additional 9,765 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in shares of Cantaloupe during the third quarter worth about $98,000. Teza Capital Management LLC acquired a new stake in shares of Cantaloupe during the third quarter worth about $107,000. Finally, SG Americas Securities LLC lifted its position in shares of Cantaloupe by 40.5% during the fourth quarter. SG Americas Securities LLC now owns 21,265 shares of the technology company’s stock worth $158,000 after purchasing an additional 6,125 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Cantaloupe Stock Up 0.9 %

Shares of CTLP stock traded up $0.06 during trading hours on Tuesday, reaching $6.61. 131,839 shares of the stock were exchanged, compared to its average volume of 312,159. The business’s fifty day moving average is $6.57 and its two-hundred day moving average is $6.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.57 and a quick ratio of 1.17. Cantaloupe, Inc. has a 12-month low of $5.74 and a 12-month high of $8.28. The firm has a market capitalization of $481.27 million, a P/E ratio of 41.32 and a beta of 1.66.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $67.90 million for the quarter, compared to analyst estimates of $69.57 million. Cantaloupe had a net margin of 4.85% and a return on equity of 7.36%. During the same period in the prior year, the firm posted $0.09 earnings per share. As a group, research analysts expect that Cantaloupe, Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CTLP has been the topic of several research reports. Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a research report on Tuesday, May 28th. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Cantaloupe in a research note on Monday, March 25th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $9.88.

Cantaloupe Company Profile

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.