95,437 Shares in Cantaloupe, Inc. (NASDAQ:CTLP) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 95,437 shares of the technology company's stock, valued at approximately $908,000. Raymond James Financial Inc. owned about 0.13% of Cantaloupe at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Cantaloupe during the 4th quarter worth $40,000. Parkside Financial Bank & Trust bought a new position in shares of Cantaloupe in the fourth quarter worth about $47,000. New York State Common Retirement Fund boosted its stake in shares of Cantaloupe by 75.8% in 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 purchasing an additional 3,400 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Cantaloupe in the 4th quarter valued at approximately $91,000. Finally, Truist Financial Corp acquired a new position in Cantaloupe during the 4th quarter worth approximately $111,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barrington Research restated an "outperform" rating and issued a $14.00 target price on shares of Cantaloupe in a research report on Thursday, March 27th. Benchmark raised their price objective on Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, February 26th.

Cantaloupe Trading Down 6.9 %

NASDAQ CTLP traded down $0.57 on Friday, hitting $7.70. The company's stock had a trading volume of 1,507,585 shares, compared to its average volume of 407,279. The company's 50-day moving average is $7.91 and its 200 day moving average is $8.79. The firm has a market cap of $562.37 million, a PE ratio of 38.50 and a beta of 1.08. Cantaloupe, Inc. has a 1-year low of $5.78 and a 1-year high of $11.36. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

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 the consensus estimate of $0.10 by ($0.02). Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. The company had revenue of $75.43 million for the quarter, compared to the consensus estimate of $79.83 million. As a group, analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share 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.