Royce & Associates LP Increases Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Royce & Associates LP boosted its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 99.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 563,000 shares of the technology company's stock after acquiring an additional 281,000 shares during the period. Royce & Associates LP owned 0.77% of Cantaloupe worth $5,354,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Cantaloupe in the 3rd quarter valued at approximately $26,000. Parkside Financial Bank & Trust purchased a new stake in shares of Cantaloupe in the 4th quarter valued at approximately $47,000. New York State Common Retirement Fund grew its stake in shares of Cantaloupe by 75.8% in the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock valued at $75,000 after buying an additional 3,400 shares during the period. Truist Financial Corp purchased a new stake in shares of Cantaloupe in the 4th quarter valued at approximately $111,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Cantaloupe by 34.0% in the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company's stock worth $116,000 after acquiring an additional 3,975 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Analyst Ratings Changes

CTLP has been the topic of several recent analyst reports. Benchmark upped their price objective on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Barrington Research upped their price objective on shares of Cantaloupe from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th.

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Cantaloupe Stock Up 3.4 %

Cantaloupe stock traded up $0.26 during mid-day trading on Friday, reaching $7.91. 683,895 shares of the company's stock were exchanged, compared to its average volume of 368,625. The company has a market cap of $577.71 million, a P/E ratio of 39.55 and a beta of 1.64. Cantaloupe, Inc. has a twelve month low of $5.75 and a twelve month high of $11.36. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $9.01 and a 200-day moving average of $8.75.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (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 last year, the firm posted $0.04 EPS. Sell-side analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current year.

About Cantaloupe

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.