EAM Investors LLC Takes $1.03 Million Position in Cantaloupe, Inc. (NASDAQ:CTLP)

EAM Investors LLC purchased a new position in Cantaloupe, Inc. (NASDAQ:CTLP) in the fourth quarter, HoldingsChannel reports. The fund purchased 108,140 shares of the technology company’s stock, valued at approximately $1,028,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC increased its stake in Cantaloupe by 272.2% during the third quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock valued at $843,000 after purchasing an additional 83,316 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Cantaloupe by 340.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock valued at $824,000 after acquiring an additional 86,109 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Cantaloupe by 3.5% during the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock valued at $10,111,000 after purchasing an additional 46,518 shares in the last quarter. State Street Corp raised its position in shares of Cantaloupe by 2.4% during the 3rd quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock worth $9,160,000 after buying an additional 29,460 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Cantaloupe by 25.3% during the fourth quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company’s stock worth $265,000 after purchasing an additional 5,612 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Performance

Shares of NASDAQ CTLP opened at $7.60 on Thursday. The company has a market capitalization of $555.07 million, a P/E ratio of 38.00 and a beta of 1.45. The business’s 50-day moving average price is $8.75 and its two-hundred day moving average price is $8.86. Cantaloupe, Inc. has a one year low of $5.75 and a one year high of $11.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12.

Cantaloupe (NASDAQ:CTLP) last posted its earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same quarter in the prior year, the business earned $0.04 EPS. Analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of Cantaloupe in a report on Thursday, March 27th. Benchmark increased their target price on Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, February 26th.

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.