Stifel Financial Corp Sells 8,985 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Stifel Financial Corp reduced its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 41.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,509 shares of the technology company’s stock after selling 8,985 shares during the period. Stifel Financial Corp’s holdings in Cantaloupe were worth $93,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CTLP. First Eagle Investment Management LLC purchased a new position in shares of Cantaloupe during the second quarter valued at approximately $2,276,000. Wasatch Advisors LP raised its position in Cantaloupe by 20.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock worth $11,937,000 after buying an additional 271,782 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Cantaloupe during the third quarter valued at approximately $416,000. SG Americas Securities LLC bought a new position in Cantaloupe during the third quarter valued at approximately $164,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Cantaloupe by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after buying an additional 21,938 shares during the period. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CTLP. Benchmark upped their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Craig Hallum lowered their price objective on Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Northland Securities boosted their price objective on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Barrington Research restated an “outperform” rating and set a $10.00 target price on shares of Cantaloupe in a research note on Monday, November 4th.

Cantaloupe Price Performance

Shares of NASDAQ:CTLP opened at $9.60 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The firm has a market cap of $700.67 million, a price-to-earnings ratio of 56.47 and a beta of 1.66. The firm has a fifty day moving average price of $9.24 and a 200 day moving average price of $7.86. Cantaloupe, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $10.48.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. During the same quarter last year, the business posted $0.02 earnings per share. As a group, sell-side analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Cantaloupe 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.