Cantaloupe, Inc. $CTLP Position Lessened by Credit Industriel ET Commercial

Credit Industriel ET Commercial decreased its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 78.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,480 shares of the technology company’s stock after selling 80,000 shares during the period. Credit Industriel ET Commercial’s holdings in Cantaloupe were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTLP. Jane Street Group LLC purchased a new stake in shares of Cantaloupe during the 1st quarter worth about $731,000. KLP Kapitalforvaltning AS increased its holdings in Cantaloupe by 51.0% in the second quarter. KLP Kapitalforvaltning AS now owns 14,500 shares of the technology company’s stock worth $159,000 after buying an additional 4,900 shares during the last quarter. AlphaQuest LLC raised its position in Cantaloupe by 164.5% during the second quarter. AlphaQuest LLC now owns 47,851 shares of the technology company’s stock valued at $526,000 after acquiring an additional 29,757 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Cantaloupe in the second quarter valued at approximately $1,906,000. Finally, Versor Investments LP acquired a new stake in Cantaloupe in the second quarter valued at approximately $3,901,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

CTLP has been the topic of several analyst reports. Zacks Research upgraded shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings raised shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cantaloupe has a consensus rating of “Hold” and a consensus target price of $12.73.

Cantaloupe Stock Performance

Shares of CTLP opened at $10.22 on Monday. The company has a market capitalization of $753.42 million, a PE ratio of 56.78 and a beta of 1.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.31. Cantaloupe, Inc. has a one year low of $7.01 and a one year high of $11.36. The company’s fifty day moving average price is $10.66 and its 200 day moving average price is $10.69.

Cantaloupe (NASDAQ:CTLP) last issued 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 net margin of 17.32% and a return on equity of 8.76%. The business had revenue of $78.71 million during the quarter, compared to analyst estimates of $84.92 million. As a group, analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

About Cantaloupe

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.