Sargent Investment Group LLC Cuts Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Sargent Investment Group LLC lessened its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 8.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,302,688 shares of the technology company's stock after selling 125,675 shares during the quarter. Cantaloupe comprises about 1.6% of Sargent Investment Group LLC's holdings, making the stock its 16th biggest holding. Sargent Investment Group LLC owned about 1.78% of Cantaloupe worth $10,252,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in Cantaloupe by 8,886.0% during the 1st quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company's stock worth $35,000 after acquiring an additional 4,443 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Cantaloupe during the fourth quarter worth about $40,000. BNP Paribas Financial Markets acquired a new position in shares of Cantaloupe in the 4th quarter valued at about $77,000. Bailard Inc. bought a new stake in Cantaloupe during the 1st quarter worth approximately $87,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Cantaloupe during the 4th quarter valued at $91,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTLP has been the topic of a number of recent analyst reports. Craig Hallum lowered shares of Cantaloupe from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Barrington Research cut shares of Cantaloupe from a "strong-buy" rating to a "strong sell" 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. William Blair cut Cantaloupe from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Finally, Benchmark lowered Cantaloupe from a "buy" rating to a "hold" rating in a report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.24.

Cantaloupe Price Performance

Shares of NASDAQ CTLP opened at $11.11 on Friday. The firm's 50-day moving average is $9.85 and its 200-day moving average is $8.98. Cantaloupe, Inc. has a 1 year low of $5.82 and a 1 year high of $11.36. The firm has a market capitalization of $811.70 million, a PE ratio of 14.06 and a beta of 1.17. 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 issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $75.43 million for the quarter, compared to the consensus estimate of $79.83 million. Cantaloupe had a net margin of 20.47% and a return on equity of 9.02%. Equities analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current 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.

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