Cantaloupe, Inc. (NASDAQ:CTLP) Short Interest Update

Cantaloupe, Inc. (NASDAQ:CTLP) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,510,000 shares, an increase of 11.6% from the September 15th total of 2,250,000 shares. Based on an average daily volume of 368,200 shares, the days-to-cover ratio is presently 6.8 days. Currently, 3.7% of the shares of the company are sold short.

Analyst Ratings Changes

CTLP has been the topic of a number of analyst reports. Barrington Research reiterated an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a research report on Friday, September 13th. Craig Hallum decreased their price target on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Cantaloupe in a research note on Wednesday, September 11th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a research note on Friday, July 12th.

Insider Transactions at Cantaloupe

In related news, Director Douglas Bergeron acquired 13,866 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were bought at an average price of $7.15 per share, for a total transaction of $99,141.90. Following the acquisition, the director now owns 192,185 shares in the company, valued at $1,374,122.75. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Douglas Bergeron acquired 13,866 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were bought at an average price of $7.15 per share, for a total transaction of $99,141.90. Following the acquisition, the director now owns 192,185 shares in the company, valued at $1,374,122.75. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ravi Venkatesan bought 8,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $6.30 per share, for a total transaction of $50,400.00. Following the purchase, the chief executive officer now owns 136,658 shares of the company’s stock, valued at $860,945.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 57,866 shares of company stock worth $416,302. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CTLP. North Star Investment Management Corp. acquired a new stake in shares of Cantaloupe in the first quarter valued at approximately $1,093,000. Susquehanna Fundamental Investments LLC lifted its position in shares of Cantaloupe by 53.2% in the first quarter. Susquehanna Fundamental Investments LLC now owns 50,333 shares of the technology company’s stock valued at $324,000 after buying an additional 17,479 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of Cantaloupe by 11.4% in the first quarter. Jupiter Asset Management Ltd. now owns 34,558 shares of the technology company’s stock valued at $222,000 after buying an additional 3,536 shares during the last quarter. Archon Capital Management LLC lifted its position in shares of Cantaloupe by 8.2% in the first quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company’s stock valued at $9,221,000 after buying an additional 108,423 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Cantaloupe by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock valued at $111,000 after buying an additional 3,197 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Cantaloupe Trading Down 1.0 %

NASDAQ CTLP traded down $0.09 on Thursday, reaching $9.15. The company had a trading volume of 157,222 shares, compared to its average volume of 331,640. The stock’s 50 day moving average is $7.17 and its 200-day moving average is $6.83. The stock has a market cap of $666.21 million, a price-to-earnings ratio of 57.75 and a beta of 1.71. The company has a quick ratio of 1.10, a current ratio of 1.49 and a debt-to-equity ratio of 0.20. Cantaloupe has a 52 week low of $5.74 and a 52 week high of $9.31.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Tuesday, September 10th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). Cantaloupe had a return on equity of 6.83% and a net margin of 4.47%. The business had revenue of $72.66 million during the quarter, compared to the consensus estimate of $76.14 million. During the same quarter last year, the company earned $0.04 earnings per share. Equities analysts predict that Cantaloupe will post 0.31 earnings per share 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.