Squarepoint Ops LLC Takes $821,000 Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Squarepoint Ops LLC bought a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 86,376 shares of the technology company's stock, valued at approximately $821,000. Squarepoint Ops LLC owned approximately 0.12% of Cantaloupe as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in Cantaloupe in the 4th quarter worth $40,000. Parkside Financial Bank & Trust bought a new stake in Cantaloupe in the fourth quarter worth $47,000. New York State Common Retirement Fund raised its position in shares of Cantaloupe by 75.8% during the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock valued at $75,000 after buying an additional 3,400 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Cantaloupe during the fourth quarter valued at approximately $77,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Cantaloupe during the 4th quarter valued at $91,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Trading Down 0.1%

Shares of NASDAQ CTLP traded down $0.01 during trading hours on Tuesday, reaching $8.75. The stock had a trading volume of 2,154,412 shares, compared to its average volume of 432,397. Cantaloupe, Inc. has a 52-week low of $5.82 and a 52-week high of $11.36. The firm has a market cap of $639.26 million, a price-to-earnings ratio of 43.75 and a beta of 1.08. The business's fifty day moving average price is $7.97 and its two-hundred day moving average price is $8.70. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its earnings results 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). Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. The firm had revenue of $75.43 million for the quarter, compared to the consensus estimate of $79.83 million. Analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CTLP has been the subject of several recent analyst reports. Barrington Research restated an "outperform" rating and set a $14.00 target price on shares of Cantaloupe in a research report on Wednesday, May 21st. Benchmark lifted their target price on Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Wall Street Zen cut shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Cantaloupe presently has an average rating of "Buy" and an average price target of $12.50.

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.