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

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. ProShare Advisors LLC lifted its position in shares of Cantaloupe by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 16,449 shares of the technology company's stock worth $156,000 after buying an additional 5,412 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Cantaloupe by 3.4% during the first quarter. Rhumbline Advisers now owns 83,698 shares of the technology company's stock valued at $659,000 after purchasing an additional 2,725 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Cantaloupe by 18.8% during the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company's stock valued at $906,000 after purchasing an additional 15,100 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Cantaloupe by 8.2% during the fourth quarter. Ameriprise Financial Inc. now owns 93,280 shares of the technology company's stock valued at $887,000 after purchasing an additional 7,083 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Cantaloupe during the fourth quarter valued at approximately $821,000. Institutional investors own 75.75% of the company's stock.

Wall Street Analyst Weigh In

CTLP has been the subject of several recent research reports. Barrington Research lowered Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 16th. B. Riley lowered Cantaloupe from a "buy" rating to a "neutral" rating and lowered their target price for the company from $11.50 to $11.20 in a report on Tuesday, June 17th. Northland Capmk lowered Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Wall Street Zen downgraded Cantaloupe from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Craig Hallum downgraded Cantaloupe from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.24.

Cantaloupe Price Performance

Shares of NASDAQ:CTLP opened at $10.87 on Wednesday. Cantaloupe, Inc. has a 12 month low of $5.82 and a 12 month high of $11.36. The stock has a market cap of $796.66 million, a price-to-earnings ratio of 13.76 and a beta of 1.09. The stock's 50 day moving average price is $11.00 and its 200 day moving average price is $9.46. 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 Company 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.