MetLife Investment Management LLC increased its stake in Cantaloupe, Inc. (NASDAQ:CTLP – Get Rating) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,086 shares of the technology company’s stock after acquiring an additional 5,704 shares during the quarter. MetLife Investment Management LLC’s holdings in Cantaloupe were worth $108,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Cantaloupe in the first quarter worth approximately $40,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Cantaloupe in the second quarter worth approximately $49,000. Tower Research Capital LLC TRC lifted its stake in shares of Cantaloupe by 265.2% in the third quarter. Tower Research Capital LLC TRC now owns 15,432 shares of the technology company’s stock worth $53,000 after acquiring an additional 11,206 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Cantaloupe in the third quarter worth approximately $62,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Cantaloupe in the first quarter worth approximately $72,000. 79.81% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
CTLP has been the topic of a number of recent analyst reports. Craig Hallum cut their price objective on Cantaloupe to $8.00 in a research note on Tuesday, November 15th. Barrington Research restated an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a report on Wednesday, February 8th.
Insider Buying and Selling
Cantaloupe Price Performance
Cantaloupe stock opened at $6.18 on Monday. Cantaloupe, Inc. has a 52-week low of $2.77 and a 52-week high of $7.49. The stock’s 50 day moving average price is $5.09 and its two-hundred day moving average price is $4.41. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.05 and a current ratio of 1.38.
Cantaloupe (NASDAQ:CTLP – Get Rating) last posted its quarterly earnings results on Tuesday, February 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Cantaloupe had a negative return on equity of 5.93% and a negative net margin of 4.00%. The firm had revenue of $61.33 million for the quarter, compared to analysts’ expectations of $58.95 million. During the same period in the prior year, the business earned ($0.01) EPS.
Cantaloupe, Inc is a digital payments and software services company, which engages in the provision of end-to-end technology solutions for the unattended retail market. The firm focuses on transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management.
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