SPX Gestao de Recursos Ltda Purchases 134,600 Shares of Cantaloupe, Inc. $CTLP

SPX Gestao de Recursos Ltda grew its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 82.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 298,600 shares of the technology company’s stock after purchasing an additional 134,600 shares during the period. SPX Gestao de Recursos Ltda owned approximately 0.41% of Cantaloupe worth $3,156,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Cantaloupe by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,537,756 shares of the technology company’s stock valued at $37,394,000 after acquiring an additional 50,430 shares in the last quarter. Magnetar Financial LLC grew its stake in shares of Cantaloupe by 10,162.7% during the 2nd quarter. Magnetar Financial LLC now owns 3,257,595 shares of the technology company’s stock worth $35,801,000 after acquiring an additional 3,225,853 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Cantaloupe by 60.1% in the second quarter. Disciplined Growth Investors Inc. MN now owns 3,173,351 shares of the technology company’s stock valued at $34,875,000 after purchasing an additional 1,191,748 shares during the last quarter. Beryl Capital Management LLC acquired a new stake in shares of Cantaloupe in the second quarter valued at approximately $27,709,000. Finally, Alpine Associates Management Inc. lifted its position in shares of Cantaloupe by 76.4% in the third quarter. Alpine Associates Management Inc. now owns 1,934,206 shares of the technology company’s stock worth $20,445,000 after purchasing an additional 837,506 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Cantaloupe Trading Down 0.8%

Shares of NASDAQ:CTLP opened at $10.27 on Friday. Cantaloupe, Inc. has a 52-week low of $7.01 and a 52-week high of $11.16. The company has a market capitalization of $757.10 million, a P/E ratio of 57.06 and a beta of 1.09. The company has a 50-day simple moving average of $10.57 and a 200 day simple moving average of $10.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.92.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The business had revenue of $78.71 million for the quarter, compared to analyst estimates of $84.92 million. Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%. Sell-side analysts forecast that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CTLP. Weiss Ratings raised shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Wall Street Zen upgraded Cantaloupe to a “hold” rating in a report on Saturday, February 21st. Finally, Zacks Research upgraded Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.60.

Cantaloupe Company Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.