California State Teachers Retirement System purchased a new stake in Cantaloupe, Inc. (NASDAQ:CTLP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 80,285 shares of the technology company’s stock, valued at approximately $952,000.
A number of other hedge funds have also modified their holdings of CTLP. Steward Partners Investment Advisory LLC purchased a new position in Cantaloupe in the 2nd quarter valued at approximately $30,000. Kistler Tiffany Companies LLC purchased a new position in Cantaloupe in the 2nd quarter valued at approximately $32,000. Citigroup Inc. purchased a new position in Cantaloupe in the 2nd quarter valued at approximately $46,000. Clearstead Advisors LLC purchased a new position in Cantaloupe in the 2nd quarter valued at approximately $47,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Cantaloupe in the 2nd quarter valued at $54,000. 73.15% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on CTLP shares. Lake Street Capital raised their price objective on shares of Cantaloupe from $12.00 to $13.00 and gave the company a “buy” rating in a report on Friday, September 3rd. Zacks Investment Research lowered shares of Cantaloupe from a “hold” rating to a “sell” rating in a report on Monday, November 15th. Finally, Barrington Research started coverage on shares of Cantaloupe in a report on Friday, September 3rd. They issued a “buy” rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $15.00.
Shares of NASDAQ:CTLP opened at $9.20 on Thursday. The stock’s fifty day moving average is $10.93. Cantaloupe, Inc. has a 12 month low of $7.95 and a 12 month high of $13.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.95 and a quick ratio of 1.81. The firm has a market cap of $652.91 million, a price-to-earnings ratio of -184.00 and a beta of 2.01.
Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Thursday, November 4th. The technology company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Cantaloupe had a negative net margin of 1.92% and a negative return on equity of 2.40%. The firm had revenue of $45.78 million for the quarter, compared to analyst estimates of $46.19 million. During the same period last year, the business earned ($0.11) EPS. Research analysts anticipate that Cantaloupe, Inc. will post -0.08 EPS for the current fiscal year.
Cantaloupe, Inc is a software and payments company, which engages in the provision of end-to-end technology solutions for the unattended retail market. It offers Internet of Things (IoT) and machine-to-machine (M2M) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing the electronic payment solutions.
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