Cantaloupe, Inc. $CTLP Shares Purchased by Keeley Teton Advisors LLC

Key Points

• Keeley Teton Advisors LLC significantly increased its stake in Cantaloupe, Inc. by 187.1% during Q1, holding approximately 58,208 shares worth $458,000.
• Several hedge funds have also made notable investments in Cantaloupe, raising institutional ownership to 75.75% of the company's stock.
• Equity analysts have downgraded Cantaloupe's stock ratings, with a consensus average rating of "Hold" and a target price of $12.24.

Keeley Teton Advisors LLC raised its stake in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 187.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,208 shares of the technology company's stock after acquiring an additional 37,932 shares during the quarter. Keeley Teton Advisors LLC owned approximately 0.08% of Cantaloupe worth $458,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CTLP. Farther Finance Advisors LLC increased its holdings in shares of Cantaloupe by 8,886.0% during the 1st quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company's stock valued at $35,000 after purchasing an additional 4,443 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Cantaloupe during the fourth quarter valued at $77,000. Bailard Inc. acquired a new stake in Cantaloupe during the first quarter valued at $87,000. Summit Securities Group LLC purchased a new position in Cantaloupe in the first quarter valued at $96,000. Finally, New York State Common Retirement Fund raised its position in shares of Cantaloupe by 57.1% in the first quarter. New York State Common Retirement Fund now owns 12,384 shares of the technology company's stock worth $97,000 after acquiring an additional 4,500 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Craig Hallum lowered Cantaloupe from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Wall Street Zen cut Cantaloupe from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Northland Capmk downgraded Cantaloupe from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. B. Riley lowered Cantaloupe from a "buy" rating to a "neutral" rating and decreased their target price for the company from $11.50 to $11.20 in a research report on Tuesday, June 17th. Finally, Barrington Research lowered shares of Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.24.

Cantaloupe Stock Performance

Shares of NASDAQ:CTLP opened at $10.85 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.79 and a quick ratio of 1.22. Cantaloupe, Inc. has a 1 year low of $5.82 and a 1 year high of $11.36. The firm has a market capitalization of $795.20 million, a PE ratio of 13.73 and a beta of 1.18. The business's 50 day moving average price is $11.01 and its 200-day moving average price is $9.46.

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.

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