Greenwood Capital Associates LLC decreased its holdings in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 90.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,010 shares of the technology company's stock after selling 137,074 shares during the quarter. Greenwood Capital Associates LLC's holdings in Cantaloupe were worth $118,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Janus Henderson Group PLC grew its stake in shares of Cantaloupe by 600.1% during the 4th quarter. Janus Henderson Group PLC now owns 1,085,046 shares of the technology company's stock valued at $10,303,000 after buying an additional 930,061 shares during the period. Nuveen Asset Management LLC grew its position in Cantaloupe by 102.7% in the fourth quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company's stock valued at $8,561,000 after acquiring an additional 456,199 shares in the last quarter. Invesco Ltd. increased its stake in Cantaloupe by 1,768.2% during the 4th quarter. Invesco Ltd. now owns 397,299 shares of the technology company's stock worth $3,778,000 after buying an additional 376,033 shares during the period. Royce & Associates LP increased its position in shares of Cantaloupe by 99.6% during the fourth quarter. Royce & Associates LP now owns 563,000 shares of the technology company's stock worth $5,354,000 after acquiring an additional 281,000 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Cantaloupe by 220.5% in the fourth 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. Institutional investors and hedge funds own 75.75% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Cantaloupe from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Barrington Research restated an "outperform" rating and issued a $14.00 price target on shares of Cantaloupe in a research note on Wednesday, May 21st. 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Cantaloupe currently has an average rating of "Buy" and an average target price of $12.50.
Get Our Latest Analysis on CTLP
Cantaloupe Stock Performance
Shares of Cantaloupe stock traded down $0.10 during trading hours on Friday, reaching $9.50. The company's stock had a trading volume of 717,395 shares, compared to its average volume of 456,695. Cantaloupe, Inc. has a one year low of $5.82 and a one year high of $11.36. The company's 50 day simple moving average is $8.20 and its 200 day simple moving average is $8.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.81. The stock has a market cap of $694.05 million, a P/E ratio of 47.50 and a beta of 1.09.
Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its earnings results 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 company had revenue of $75.43 million during the quarter, compared to analyst estimates of $79.83 million. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. As a group, analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.
Cantaloupe Profile
(
Free Report)
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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