Parkside Financial Bank & Trust Purchases New Shares in Cantaloupe, Inc. (NASDAQ:CTLP)

Parkside Financial Bank & Trust acquired a new position in Cantaloupe, Inc. (NASDAQ:CTLP) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,984 shares of the technology company’s stock, valued at approximately $47,000.

A number of other large investors have also modified their holdings of CTLP. GSA Capital Partners LLP purchased a new position in shares of Cantaloupe in the 3rd quarter valued at about $153,000. Intech Investment Management LLC acquired a new stake in Cantaloupe in the third quarter valued at approximately $119,000. Charles Schwab Investment Management Inc. increased its position in shares of Cantaloupe by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after buying an additional 21,938 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Cantaloupe by 34.0% in the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock valued at $116,000 after buying an additional 3,975 shares in the last quarter. Finally, Wasatch Advisors LP raised its stake in shares of Cantaloupe by 20.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock worth $11,937,000 after buying an additional 271,782 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Cantaloupe Stock Down 1.6 %

NASDAQ CTLP opened at $9.66 on Tuesday. 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 quick ratio of 1.12 and a current ratio of 1.81. The business has a fifty day moving average price of $9.30 and a 200 day moving average price of $8.63. The company has a market cap of $705.52 million, a P/E ratio of 48.30 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP) last issued its earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, beating 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 business earned $0.04 earnings per share. Research analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barrington Research boosted their price target on shares of Cantaloupe from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Northland Securities lifted their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Benchmark upped their price target on shares of Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.

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.