Olympiad Research LP Invests $1.47 Million in Cantaloupe, Inc. $CTLP

Olympiad Research LP bought a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 138,760 shares of the technology company’s stock, valued at approximately $1,467,000. Cantaloupe makes up approximately 2.0% of Olympiad Research LP’s holdings, making the stock its 7th biggest position.

A number of other institutional investors also recently bought and sold shares of CTLP. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Cantaloupe during the 3rd quarter worth approximately $292,000. Wolverine Asset Management LLC raised its stake in Cantaloupe by 85.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 321,249 shares of the technology company’s stock worth $3,396,000 after acquiring an additional 147,786 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Cantaloupe during the 3rd quarter worth about $32,000. Inspire Investing LLC increased its holdings in shares of Cantaloupe by 20.0% in the third quarter. Inspire Investing LLC now owns 42,610 shares of the technology company’s stock valued at $450,000 after purchasing an additional 7,107 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of Cantaloupe by 136.2% during the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock worth $52,000 after purchasing an additional 2,737 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Stock Performance

CTLP opened at $10.82 on Thursday. The firm has a fifty day moving average price of $10.66 and a 200 day moving average price of $10.75. Cantaloupe, Inc. has a 1 year low of $7.01 and a 1 year high of $11.36. The stock has a market cap of $797.43 million, a P/E ratio of 51.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.81 and a quick ratio of 1.28.

Analysts Set New Price Targets

Several analysts have commented on CTLP shares. 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 restated a “hold (c)” rating on shares of Cantaloupe in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cantaloupe presently has an average rating of “Reduce” and a consensus target price of $12.73.

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.