Cantaloupe, Inc. $CTLP Position Boosted by Inspire Investing LLC

Inspire Investing LLC boosted its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,167 shares of the technology company’s stock after buying an additional 1,470 shares during the quarter. Inspire Investing LLC owned approximately 0.06% of Cantaloupe worth $340,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CTLP. Nuveen LLC bought a new position in shares of Cantaloupe in the 1st quarter worth about $5,624,000. Nuveen Asset Management LLC raised its stake in Cantaloupe by 102.7% during the fourth quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company’s stock worth $8,561,000 after acquiring an additional 456,199 shares during the period. CenterBook Partners LP lifted its holdings in Cantaloupe by 528.1% in the first quarter. CenterBook Partners LP now owns 315,015 shares of the technology company’s stock worth $2,479,000 after acquiring an additional 264,859 shares during the last quarter. Roubaix Capital LLC boosted its stake in Cantaloupe by 54.5% in the first quarter. Roubaix Capital LLC now owns 406,405 shares of the technology company’s stock valued at $3,198,000 after acquiring an additional 143,444 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Cantaloupe during the first quarter valued at approximately $731,000. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CTLP shares. B. Riley lowered Cantaloupe from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $11.50 to $11.20 in a research report on Tuesday, June 17th. Wall Street Zen downgraded shares of Cantaloupe from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. Barrington Research cut shares of Cantaloupe from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, June 16th. William Blair lowered Cantaloupe from an “outperform” rating to a “market perform” rating in a report on Monday, June 16th. Finally, Craig Hallum cut Cantaloupe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.55.

Cantaloupe Stock Down 0.1%

CTLP opened at $10.84 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 1.86. The company has a market capitalization of $795.33 million, a PE ratio of 13.72 and a beta of 1.09. The stock’s fifty day moving average is $10.95 and its 200-day moving average is $9.49. Cantaloupe, Inc. has a one year low of $6.24 and a one year high of $11.36.

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.