Archon Capital Management LLC Sells 219,200 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Archon Capital Management LLC lowered its stake in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 80.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,112 shares of the technology company's stock after selling 219,200 shares during the quarter. Archon Capital Management LLC owned about 0.07% of Cantaloupe worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Quarry LP purchased a new position in Cantaloupe during the third quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd purchased a new stake in Cantaloupe in the 4th quarter worth $40,000. Parkside Financial Bank & Trust bought a new stake in Cantaloupe during the fourth quarter valued at about $47,000. New York State Common Retirement Fund lifted its position in shares of Cantaloupe by 75.8% in the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock valued at $75,000 after acquiring an additional 3,400 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Cantaloupe in the fourth quarter worth about $91,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Benchmark upped 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 reaffirmed an "outperform" rating and set a $14.00 target price on shares of Cantaloupe in a research note on Thursday, March 27th.

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Cantaloupe Price Performance

Shares of NASDAQ CTLP traded up $0.05 during midday trading on Tuesday, reaching $7.71. 295,067 shares of the stock traded hands, compared to its average volume of 392,031. The company's 50 day moving average is $8.81 and its 200 day moving average is $8.88. 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. The stock has a market capitalization of $563.10 million, a PE ratio of 38.55 and a beta of 1.45.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its quarterly earnings data 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 period in the previous year, the company posted $0.04 earnings per share. On average, equities research analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Cantaloupe 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.