SPX Gestao de Recursos Ltda Has $3.16 Million Stock Holdings in Cantaloupe, Inc. $CTLP

SPX Gestao de Recursos Ltda raised its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 82.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 298,600 shares of the technology company’s stock after buying an additional 134,600 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Cantaloupe were worth $3,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Gabelli Funds LLC grew its stake in Cantaloupe by 87.3% in the 3rd quarter. Gabelli Funds LLC now owns 468,970 shares of the technology company’s stock valued at $4,957,000 after buying an additional 218,586 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Cantaloupe by 50.0% in the third quarter. Gamco Investors INC. ET AL now owns 15,000 shares of the technology company’s stock valued at $159,000 after purchasing an additional 5,000 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Cantaloupe by 179.5% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 257,400 shares of the technology company’s stock worth $2,721,000 after purchasing an additional 165,300 shares during the period. Longfellow Investment Management Co. LLC lifted its holdings in Cantaloupe by 99.6% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 13,875 shares of the technology company’s stock worth $147,000 after purchasing an additional 6,925 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in Cantaloupe by 40.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 350,000 shares of the technology company’s stock valued at $3,699,000 after purchasing an additional 100,000 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

CTLP has been the topic of several recent research reports. Weiss Ratings upgraded Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Wall Street Zen upgraded shares of Cantaloupe to a “hold” rating in a research note on Saturday, February 21st. Finally, Zacks Research raised shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cantaloupe has a consensus rating of “Hold” and an average target price of $12.60.

Cantaloupe Trading Down 0.8%

Shares of NASDAQ:CTLP opened at $10.27 on Friday. The business’s 50 day simple moving average is $10.57 and its 200 day simple moving average is $10.63. Cantaloupe, Inc. has a 1 year low of $7.01 and a 1 year high of $11.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.31. The company has a market capitalization of $757.10 million, a P/E ratio of 57.06 and a beta of 1.09.

Cantaloupe (NASDAQ:CTLP) last released its 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 company had revenue of $78.71 million for the quarter, compared to the consensus estimate of $84.92 million. Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. On average, research analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Cantaloupe 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.