DCF Advisers LLC Makes New Investment in Cantaloupe, Inc. (NASDAQ:CTLP)

Key Points

• DCF Advisers LLC has invested $248,000 in Cantaloupe, Inc., acquiring 31,500 shares, which indicates growing interest from institutional investors in the company's stock.
• Cantaloupe reported earnings of $0.08 per share for the last quarter, missing the consensus estimate of $0.10, with revenue of $75.43 million falling short of analyst expectations.
• Recent analyst ratings show a shift in sentiment, with several firms downgrading Cantaloupe's stock from "strong buy" to "hold" or "sell," leading to a consensus rating of "Hold" and a target price of $12.24.

DCF Advisers LLC purchased a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 31,500 shares of the technology company's stock, valued at approximately $248,000.

A number of other hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Cantaloupe during the fourth quarter valued at approximately $908,000. KLP Kapitalforvaltning AS acquired a new position in Cantaloupe in the 4th quarter worth $91,000. Vanguard Group Inc. increased its position in Cantaloupe by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company's stock worth $33,657,000 after buying an additional 212,456 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Cantaloupe by 220.5% during the 4th quarter. JPMorgan Chase & Co. now owns 356,973 shares of the technology company's stock worth $3,395,000 after acquiring an additional 245,579 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Cantaloupe during the 4th quarter worth approximately $2,011,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Wall Street Analysts Forecast Growth

CTLP has been the topic of several research reports. Northland Capmk lowered shares of Cantaloupe from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. William Blair downgraded shares of Cantaloupe from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. B. Riley downgraded Cantaloupe from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $11.50 to $11.20 in a report on Tuesday, June 17th. Craig Hallum downgraded Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Finally, Benchmark lowered shares of Cantaloupe from a "buy" rating to a "hold" rating in a report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cantaloupe presently has a consensus rating of "Hold" and an average price target of $12.24.

Cantaloupe Price Performance

Shares of NASDAQ:CTLP traded down $0.02 during trading on Thursday, reaching $11.08. 323,347 shares of the company's stock traded hands, compared to its average volume of 1,032,758. Cantaloupe, Inc. has a fifty-two week low of $5.82 and a fifty-two week high of $11.36. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $10.56 and a 200-day simple moving average of $9.20. The firm has a market cap of $811.68 million, a PE ratio of 14.02 and a beta of 1.18.

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

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.