Acuitas Investments LLC Sells 28,155 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Acuitas Investments LLC lowered its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,945 shares of the technology company’s stock after selling 28,155 shares during the quarter. Acuitas Investments LLC owned about 0.22% of Cantaloupe worth $1,512,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Cantaloupe during the 3rd quarter valued at about $26,000. Truist Financial Corp acquired a new position in Cantaloupe in the fourth quarter valued at approximately $111,000. Quantbot Technologies LP boosted its holdings in shares of Cantaloupe by 34.0% during the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after buying an additional 3,975 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Cantaloupe during the 3rd quarter worth approximately $119,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Cantaloupe in the 3rd quarter valued at $153,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTLP has been the topic of several research analyst reports. Barrington Research increased their target price on shares of Cantaloupe from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Northland Securities increased their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Benchmark boosted their target price on Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

Cantaloupe Stock Performance

Shares of CTLP stock opened at $10.67 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $9.13 and a two-hundred day simple moving average of $8.37. Cantaloupe, Inc. has a 12 month low of $5.74 and a 12 month high of $11.08. The firm has a market capitalization of $778.80 million, a PE ratio of 53.35 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP) last posted its earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.45%. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Analysts forecast that Cantaloupe, Inc. will post 0.32 EPS 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.