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 first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,394 shares of the technology company's stock after selling 30,986 shares during the quarter. GSA Capital Partners LLP owned approximately 0.12% of Cantaloupe worth $711,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cantaloupe by 5.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,263 shares of the technology company's stock worth $238,000 after purchasing an additional 1,622 shares during the period. Rhumbline Advisers increased its stake in Cantaloupe by 3.4% in the 1st quarter. Rhumbline Advisers now owns 83,698 shares of the technology company's stock worth $659,000 after buying an additional 2,725 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Cantaloupe by 3.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 88,719 shares of the technology company's stock worth $844,000 after buying an additional 2,792 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Cantaloupe by 18.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,283 shares of the technology company's stock worth $212,000 after buying an additional 3,462 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Cantaloupe by 8,886.0% in the 1st quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company's stock worth $35,000 after buying an additional 4,443 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CTLP. Wall Street Zen lowered Cantaloupe from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. William Blair lowered Cantaloupe from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Barrington Research lowered Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, June 16th. Craig Hallum lowered Cantaloupe from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Finally, Northland Capmk lowered Cantaloupe from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.24.

Cantaloupe Stock Performance

Shares of Cantaloupe stock opened at $11.07 on Friday. The firm has a market cap of $811.32 million, a price-to-earnings ratio of 14.01 and a beta of 1.18. The business has a 50-day moving average price of $10.41 and a 200-day moving average price of $9.15. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.15. Cantaloupe, Inc. has a twelve month low of $5.82 and a twelve month high of $11.36.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $75.43 million for the quarter, compared to analysts' expectations of $79.83 million. Cantaloupe had a net margin of 20.47% and a return on equity of 9.02%. Equities research analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding CTLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cantaloupe, Inc. (NASDAQ:CTLP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.