Towerview LLC Sells 127,500 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Towerview LLC cut its position in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 55.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,500 shares of the technology company's stock after selling 127,500 shares during the quarter. Cantaloupe makes up about 0.7% of Towerview LLC's holdings, making the stock its 15th biggest position. Towerview LLC owned about 0.14% of Cantaloupe worth $975,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP boosted its stake in Cantaloupe by 20.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company's stock valued at $11,937,000 after purchasing an additional 271,782 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of Cantaloupe by 0.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,608,375 shares of the technology company's stock valued at $11,902,000 after acquiring an additional 7,114 shares during the period. Geode Capital Management LLC boosted its position in shares of Cantaloupe by 3.5% in 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 acquiring an additional 46,518 shares during the period. State Street Corp grew its stake in shares of Cantaloupe by 2.4% in the third quarter. State Street Corp now owns 1,237,888 shares of the technology company's stock worth $9,160,000 after acquiring an additional 29,460 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Cantaloupe by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company's stock worth $3,518,000 after acquiring an additional 21,938 shares during the period. Institutional investors own 75.75% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CTLP. Northland Securities increased their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Barrington Research increased their target price on shares of Cantaloupe from $12.00 to $14.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, Benchmark lifted their target price on Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th.

Cantaloupe Price Performance

Shares of NASDAQ:CTLP traded down $0.16 during midday trading on Monday, reaching $9.66. 399,994 shares of the company's stock were exchanged, compared to its average volume of 357,086. 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 company's 50 day simple moving average is $9.30 and its two-hundred day simple moving average is $8.61. Cantaloupe, Inc. has a 12 month low of $5.75 and a 12 month high of $11.36. The firm has a market capitalization of $705.52 million, a PE ratio of 48.30 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP - Get Free Report) 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. Equities research analysts expect that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal 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.