Advisor Resource Council Acquires New Shares in Cantaloupe, Inc. (NASDAQ:CTLP)

Advisor Resource Council bought a new position in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 76,655 shares of the technology company's stock, valued at approximately $578,000. Advisor Resource Council owned 0.10% of Cantaloupe at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Cantaloupe by 8,886.0% in the 1st quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company's stock valued at $35,000 after buying an additional 4,443 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Cantaloupe in the fourth quarter valued at about $40,000. Parkside Financial Bank & Trust bought a new stake in Cantaloupe in the fourth quarter valued at about $47,000. New York State Common Retirement Fund raised its position in Cantaloupe by 75.8% in the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock worth $75,000 after purchasing an additional 3,400 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Cantaloupe during the fourth quarter worth about $77,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Cantaloupe Price Performance

Shares of Cantaloupe stock traded up $0.02 during trading on Tuesday, reaching $11.01. The company's stock had a trading volume of 1,673,793 shares, compared to its average volume of 621,261. The stock has a 50-day moving average price of $8.71 and a two-hundred day moving average price of $8.80. The stock has a market capitalization of $804.39 million, a P/E ratio of 13.94 and a beta of 1.09. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.15. Cantaloupe, Inc. has a one year low of $5.82 and a one year high of $11.36.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). Cantaloupe had a net margin of 20.47% and a return on equity of 9.02%. The company had revenue of $75.43 million during the quarter, compared to analyst estimates of $79.83 million. As a group, sell-side analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CTLP. Benchmark downgraded Cantaloupe from a "buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Craig Hallum lowered Cantaloupe from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Northland Capmk downgraded shares of Cantaloupe from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Wall Street Zen lowered shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, B. Riley cut shares of Cantaloupe from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $11.50 to $11.20 in a research report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Cantaloupe currently has a consensus rating of "Hold" and an average target price of $12.24.

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.