16,518 Shares in Cantaloupe, Inc. (NASDAQ:CTLP) Bought by Arizona State Retirement System

Arizona State Retirement System purchased a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLPFree Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,518 shares of the technology company’s stock, valued at approximately $103,000.

Other institutional investors have also made changes to their positions in the company. Towerview LLC increased its position in shares of Cantaloupe by 12.5% during the third quarter. Towerview LLC now owns 225,000 shares of the technology company’s stock valued at $1,406,000 after acquiring an additional 25,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Cantaloupe during the third quarter valued at about $86,000. Bank of Montreal Can acquired a new stake in shares of Cantaloupe during the second quarter valued at about $210,000. SG Americas Securities LLC acquired a new stake in shares of Cantaloupe during the third quarter valued at about $95,000. Finally, Jacob Asset Management of New York LLC increased its position in shares of Cantaloupe by 22.8% during the third quarter. Jacob Asset Management of New York LLC now owns 396,294 shares of the technology company’s stock valued at $2,477,000 after acquiring an additional 73,700 shares during the last quarter. 74.45% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Trading Down 7.6 %

NASDAQ CTLP opened at $6.28 on Friday. The firm has a 50 day simple moving average of $7.04 and a 200-day simple moving average of $6.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.17 and a current ratio of 1.53. Cantaloupe, Inc. has a one year low of $4.85 and a one year high of $8.28. The firm has a market cap of $456.74 million, a price-to-earnings ratio of 33.05 and a beta of 1.54.

Cantaloupe (NASDAQ:CTLPGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Cantaloupe had a net margin of 5.90% and a return on equity of 9.06%. The business had revenue of $62.68 million during the quarter, compared to analyst estimates of $64.23 million. Equities research analysts anticipate that Cantaloupe, Inc. will post 0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research note on Wednesday, January 3rd. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $9.63.

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About Cantaloupe

(Free Report)

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.

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Institutional Ownership by Quarter for Cantaloupe (NASDAQ:CTLP)

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