Bank of America Corp DE Sells 120,595 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Bank of America Corp DE reduced its holdings in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 58.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,389 shares of the technology company's stock after selling 120,595 shares during the period. Bank of America Corp DE owned approximately 0.12% of Cantaloupe worth $803,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new position in shares of Cantaloupe during the 4th quarter worth about $77,000. Ameriprise Financial Inc. increased its stake in 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 acquiring an additional 7,083 shares during the period. Manatuck Hill Partners LLC increased its stake in Cantaloupe by 88.6% during the fourth quarter. Manatuck Hill Partners LLC now owns 450,000 shares of the technology company's stock valued at $4,280,000 after acquiring an additional 211,455 shares during the period. Northern Trust Corp raised its holdings in Cantaloupe by 1.7% in the 4th quarter. Northern Trust Corp now owns 579,036 shares of the technology company's stock valued at $5,507,000 after acquiring an additional 9,680 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Cantaloupe in the 4th quarter worth approximately $408,000. 75.75% of the stock is owned by institutional investors.

Cantaloupe Trading Down 2.6%

Shares of CTLP stock traded down $0.26 on Thursday, hitting $9.60. The stock had a trading volume of 1,003,186 shares, compared to its average volume of 453,982. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. Cantaloupe, Inc. has a twelve month low of $5.82 and a twelve month high of $11.36. The company has a fifty day moving average price of $8.16 and a two-hundred day moving average price of $8.71. The firm has a market cap of $701.36 million, a P/E ratio of 48.00 and a beta of 1.09.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last announced its 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). The company had revenue of $75.43 million during the quarter, compared to analyst estimates of $79.83 million. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. As a group, analysts forecast that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

CTLP has been the topic of a number of research reports. Barrington Research restated an "outperform" rating and set a $14.00 price objective on shares of Cantaloupe in a research report on Wednesday, May 21st. Wall Street Zen downgraded shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Benchmark increased their price objective on shares of Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $12.50.

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.