Archon Capital Management LLC Has $496,000 Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Archon Capital Management LLC lowered its stake in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 80.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 52,112 shares of the technology company's stock after selling 219,200 shares during the period. Archon Capital Management LLC owned 0.07% of Cantaloupe worth $496,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CTLP. Barclays PLC lifted its stake in Cantaloupe by 272.2% during the third quarter. Barclays PLC now owns 113,920 shares of the technology company's stock worth $843,000 after purchasing an additional 83,316 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Cantaloupe by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company's stock worth $3,518,000 after buying an additional 21,938 shares during the last quarter. JPMorgan Chase & Co. increased its position in Cantaloupe by 340.6% in the third quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company's stock worth $824,000 after buying an additional 86,109 shares during the period. Geode Capital Management LLC lifted its stake in Cantaloupe by 3.5% in the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company's stock valued at $10,111,000 after buying an additional 46,518 shares during the last quarter. Finally, State Street Corp grew its position in shares of Cantaloupe by 2.4% during the third quarter. State Street Corp now owns 1,237,888 shares of the technology company's stock worth $9,160,000 after acquiring an additional 29,460 shares during the last quarter. Institutional investors own 75.75% of the company's stock.

Cantaloupe Stock Performance

Shares of NASDAQ CTLP remained flat at $7.60 during midday trading on Thursday. The company's stock had a trading volume of 131,953 shares, compared to its average volume of 464,937. The firm has a market capitalization of $555.07 million, a price-to-earnings ratio of 38.00 and a beta of 1.45. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The business's 50 day moving average price is $8.75 and its 200-day moving average price is $8.86. Cantaloupe, Inc. has a 12 month low of $5.74 and a 12 month high of $11.36.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same period last year, the business earned $0.04 EPS. On average, equities research analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Benchmark boosted their price objective on Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Barrington Research reissued an "outperform" rating and issued a $14.00 price target on shares of Cantaloupe in a research report on Thursday, March 27th.

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.