Citigroup Inc. Buys 146,649 Shares of Cantaloupe, Inc. $CTLP

Citigroup Inc. boosted its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 637.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 169,650 shares of the technology company’s stock after buying an additional 146,649 shares during the period. Citigroup Inc. owned 0.23% of Cantaloupe worth $1,793,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Cantaloupe by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,537,756 shares of the technology company’s stock worth $37,394,000 after acquiring an additional 50,430 shares during the period. Magnetar Financial LLC lifted its stake 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 during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of Cantaloupe by 60.1% during the second 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 bought a new stake in shares of Cantaloupe during the second quarter valued at approximately $27,709,000. Finally, Alpine Associates Management Inc. grew its stake in Cantaloupe by 76.4% in the third quarter. Alpine Associates Management Inc. now owns 1,934,206 shares of the technology company’s stock worth $20,445,000 after purchasing an additional 837,506 shares during the period. 75.75% of the stock is owned by institutional investors.

Cantaloupe Stock Performance

Cantaloupe stock opened at $10.27 on Monday. Cantaloupe, Inc. has a twelve month low of $7.01 and a twelve month high of $11.16. 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 company has a market capitalization of $757.10 million, a P/E ratio of 57.06 and a beta of 1.09. The stock’s 50 day moving average is $10.57 and its 200 day moving average is $10.62.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings data on Friday, February 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. The company had revenue of $78.71 million for the quarter, compared to analysts’ expectations of $84.92 million. On average, equities research analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CTLP shares. Zacks Research upgraded Cantaloupe from a “strong sell” rating to a “hold” rating in a report 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. Finally, Wall Street Zen upgraded shares of Cantaloupe to a “hold” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.60.

Cantaloupe Company 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.