Cantaloupe, Inc. (NASDAQ:CTLP) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its position in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 1,768.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 397,299 shares of the technology company's stock after buying an additional 376,033 shares during the period. Invesco Ltd. owned approximately 0.54% of Cantaloupe worth $3,778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CTLP. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cantaloupe in the 4th quarter valued at $40,000. Parkside Financial Bank & Trust acquired a new stake in Cantaloupe during the 4th quarter worth about $47,000. New York State Common Retirement Fund grew its position in 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 worth $75,000 after purchasing an additional 3,400 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Cantaloupe during the 4th quarter valued at about $91,000. Finally, Truist Financial Corp purchased a new stake in shares of Cantaloupe in the fourth quarter worth about $111,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Wall Street Analysts Forecast Growth

CTLP has been the subject of several recent research reports. Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of Cantaloupe in a research report on Thursday, March 27th. Benchmark lifted their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, February 26th.

Cantaloupe Price Performance

NASDAQ CTLP traded up $0.34 during trading hours on Friday, reaching $8.35. The company's stock had a trading volume of 135,999 shares, compared to its average volume of 395,364. The firm has a market capitalization of $609.48 million, a price-to-earnings ratio of 41.70 and a beta of 1.45. The company's 50-day moving average is $8.11 and its two-hundred day moving average is $8.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12. Cantaloupe, Inc. has a 1-year low of $5.78 and a 1-year high of $11.36.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last announced its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same quarter in the prior year, the business posted $0.04 earnings per share. On average, equities analysts predict 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.