Vanguard Group Inc. Has $33.66 Million Stake in Cantaloupe, Inc. (NASDAQ:CTLP)

Vanguard Group Inc. lifted its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,539,115 shares of the technology company's stock after buying an additional 212,456 shares during the quarter. Vanguard Group Inc. owned about 4.85% of Cantaloupe worth $33,657,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Cantaloupe in the 4th quarter valued at $40,000. Parkside Financial Bank & Trust acquired a new position in shares of Cantaloupe during the 4th quarter worth about $47,000. New York State Common Retirement Fund increased 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 acquiring an additional 3,400 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Cantaloupe during the 4th quarter worth approximately $91,000. Finally, Truist Financial Corp acquired a new position in Cantaloupe during the fourth quarter valued at approximately $111,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Stock Down 0.9 %

Shares of CTLP stock traded down $0.07 during trading hours on Friday, hitting $7.53. 261,350 shares of the company were exchanged, compared to its average volume of 392,973. Cantaloupe, Inc. has a 52 week low of $5.75 and a 52 week high of $11.36. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average of $8.64 and a two-hundred day moving average of $8.86. The company has a market capitalization of $549.95 million, a PE ratio of 37.65 and a beta of 1.45.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 previous year, the firm posted $0.04 earnings per share. Analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

CTLP has been the topic of a number of recent analyst reports. Barrington Research reissued 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 Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th.

About Cantaloupe

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.