Cantaloupe, Inc. $CTLP Position Lifted by BCK Capital Management LP

BCK Capital Management LP boosted its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 330.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,692 shares of the technology company’s stock after buying an additional 221,692 shares during the quarter. Cantaloupe makes up 3.3% of BCK Capital Management LP’s portfolio, making the stock its 4th largest position. BCK Capital Management LP owned 0.39% of Cantaloupe worth $3,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Cantaloupe by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,537,756 shares of the technology company’s stock worth $37,394,000 after buying an additional 50,430 shares during the period. Magnetar Financial LLC raised its holdings in shares of Cantaloupe by 10,162.7% in the 2nd quarter. Magnetar Financial LLC now owns 3,257,595 shares of the technology company’s stock valued at $35,801,000 after purchasing an additional 3,225,853 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Cantaloupe by 60.1% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 3,173,351 shares of the technology company’s stock valued at $34,875,000 after purchasing an additional 1,191,748 shares in the last quarter. Beryl Capital Management LLC purchased a new stake in shares of Cantaloupe in the 2nd quarter worth approximately $27,709,000. Finally, Alpine Associates Management Inc. boosted its stake in shares of Cantaloupe by 76.4% during the third quarter. Alpine Associates Management Inc. now owns 1,934,206 shares of the technology company’s stock valued at $20,445,000 after purchasing an additional 837,506 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings raised shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Zacks Research upgraded Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Wall Street Zen raised Cantaloupe to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cantaloupe presently has a consensus rating of “Hold” and an average price target of $12.73.

Cantaloupe Trading Up 0.9%

NASDAQ:CTLP opened at $10.27 on Friday. The stock has a market capitalization of $757.10 million, a price-to-earnings ratio of 57.06 and a beta of 1.09. Cantaloupe, Inc. has a 52 week low of $7.01 and a 52 week high of $11.36. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $10.62 and a 200 day moving average of $10.67.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%.The firm had revenue of $78.71 million during the quarter, compared to analysts’ expectations of $84.92 million. As a group, sell-side analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Cantaloupe Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.