Royce & Associates LP Has $5.35 Million Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Royce & Associates LP lifted its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 99.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 563,000 shares of the technology company’s stock after purchasing an additional 281,000 shares during the quarter. Royce & Associates LP owned 0.77% of Cantaloupe worth $5,354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTLP. Quarry LP acquired a new position in shares of Cantaloupe in the 3rd quarter valued at $26,000. Parkside Financial Bank & Trust acquired a new position in Cantaloupe in the fourth quarter worth about $47,000. New York State Common Retirement Fund lifted its stake in Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock worth $75,000 after purchasing an additional 3,400 shares during the period. Truist Financial Corp acquired a new stake in Cantaloupe during the fourth quarter valued at approximately $111,000. Finally, Quantbot Technologies LP grew its stake 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 valued at $116,000 after purchasing an additional 3,975 shares during the period. 75.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on CTLP shares. Benchmark boosted their price target on Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Barrington Research boosted 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.

Cantaloupe Trading Up 1.4 %

CTLP stock opened at $7.72 on Thursday. The business has a fifty day moving average price of $9.04 and a 200 day moving average price of $8.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12. Cantaloupe, Inc. has a fifty-two week low of $5.75 and a fifty-two week high of $11.36. The stock has a market capitalization of $563.83 million, a price-to-earnings ratio of 38.60 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP) last announced its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same period last year, the firm earned $0.04 earnings per share. Analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal 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.