Cantaloupe, Inc. (NASDAQ:CTLP) Shares Sold by Advisory Research Inc.

Advisory Research Inc. decreased its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,850 shares of the technology company’s stock after selling 44,000 shares during the period. Advisory Research Inc.’s holdings in Cantaloupe were worth $1,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Cantaloupe during the 4th quarter valued at approximately $40,000. Parkside Financial Bank & Trust purchased a new position in Cantaloupe in the 4th quarter valued at approximately $47,000. New York State Common Retirement Fund raised its holdings in Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock worth $75,000 after purchasing an additional 3,400 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Cantaloupe during the fourth quarter worth $91,000. Finally, Truist Financial Corp acquired a new stake in Cantaloupe in the fourth quarter valued at $111,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Cantaloupe Stock Performance

NASDAQ CTLP opened at $7.60 on Thursday. The business has a fifty day moving average of $8.75 and a 200-day moving average of $8.86. Cantaloupe, Inc. has a fifty-two week low of $5.75 and a fifty-two week high of $11.36. The stock has a market cap of $555.07 million, a price-to-earnings ratio of 38.00 and a beta of 1.45. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same quarter last year, the firm posted $0.04 EPS. As a group, analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CTLP. Benchmark lifted their price target on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of Cantaloupe in a research report on Thursday, March 27th.

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.