GSA Capital Partners LLP Sells 30,986 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Key Points

• GSA Capital Partners LLP sold 30,986 shares of Cantaloupe, Inc., reducing its stake by 25.5% in Q1, leaving it with approximately 90,394 shares valued at $711,000.
• Several other institutional investors, including Zurcher Kantonalbank and Rhumbline Advisers, have recently adjusted their holdings in Cantaloupe, with institutional ownership now at 75.75%.
• Wall Street analysts have downgraded Cantaloupe's ratings, with the consensus now at a "Hold" and an average price target of $12.24.

GSA Capital Partners LLP reduced its stake in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 25.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,394 shares of the technology company's stock after selling 30,986 shares during the quarter. GSA Capital Partners LLP owned 0.12% of Cantaloupe worth $711,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Cantaloupe by 600.1% during the 4th quarter. Janus Henderson Group PLC now owns 1,085,046 shares of the technology company's stock worth $10,303,000 after buying an additional 930,061 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Cantaloupe by 102.7% during the 4th quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company's stock worth $8,561,000 after buying an additional 456,199 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Cantaloupe by 1,768.2% in the 4th quarter. Invesco Ltd. now owns 397,299 shares of the technology company's stock valued at $3,778,000 after purchasing an additional 376,033 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Cantaloupe by 220.5% in the 4th quarter. JPMorgan Chase & Co. now owns 356,973 shares of the technology company's stock valued at $3,395,000 after purchasing an additional 245,579 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Cantaloupe by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 3,539,115 shares of the technology company's stock valued at $33,657,000 after purchasing an additional 212,456 shares during the period. 75.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CTLP. Benchmark cut shares of Cantaloupe from a "buy" rating to a "hold" rating in a report on Tuesday, June 17th. Wall Street Zen cut shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Craig Hallum cut shares of Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. William Blair cut shares of Cantaloupe from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Finally, B. Riley cut shares of Cantaloupe from a "buy" rating to a "neutral" rating and lowered their price target for the company from $11.50 to $11.20 in a report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $12.24.

Cantaloupe Stock Performance

Shares of NASDAQ:CTLP traded up $0.01 on Wednesday, reaching $11.09. 2,104,587 shares of the company's stock were exchanged, compared to its average volume of 1,031,807. The company has a fifty day moving average of $10.51 and a 200-day moving average of $9.19. Cantaloupe, Inc. has a twelve month low of $5.82 and a twelve month high of $11.36. The company has a market capitalization of $812.42 million, a price-to-earnings ratio of 14.03 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.15.

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

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.