Wasatch Advisors LP Sells 82,193 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Wasatch Advisors LP trimmed its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,530,864 shares of the technology company’s stock after selling 82,193 shares during the period. Wasatch Advisors LP owned 2.10% of Cantaloupe worth $14,559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EAM Investors LLC bought a new position in shares of Cantaloupe in the fourth quarter valued at approximately $1,028,000. Keeley Teton Advisors LLC bought a new position in Cantaloupe in the 4th quarter worth $193,000. Barclays PLC lifted its position in Cantaloupe by 7.2% during the 4th quarter. Barclays PLC now owns 122,084 shares of the technology company’s stock worth $1,160,000 after acquiring an additional 8,164 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Cantaloupe during the fourth quarter valued at about $908,000. Finally, Renaissance Technologies LLC grew its position in shares of Cantaloupe by 18.8% in the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $906,000 after purchasing an additional 15,100 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CTLP shares. Benchmark boosted their price objective on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Barrington Research reissued an “outperform” rating and issued a $14.00 price objective on shares of Cantaloupe in a research report on Thursday, March 27th.

Cantaloupe Trading Down 1.4 %

Shares of CTLP stock opened at $7.60 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.81. The firm has a fifty day moving average of $8.75 and a 200-day moving average of $8.86. Cantaloupe, Inc. has a 52-week low of $5.75 and a 52-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.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the business earned $0.04 earnings per share. On average, equities research analysts forecast that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

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.